Active Listing  ·  47 days on market

117 Medalist St

Austin, TX 78734
$729,000
3 Bed 3 Bath 2,006 sqft $363/sqft Built 1987 0.46 acres 2-Car Garage Pool Lakeway Sec 17

Beautiful stately two story brick home with columns welcoming you to this 3 bed, 2.5 bath home placed on a large .46 Acre lot, in the heart of Old Lakeway. Built in 1987, remodeled/updated 2024. Updates include: roof, appliances, 2 HVAC units, attic insulation, duct work, LVP flooring throughout, water heater, cabinets, kitchen and bathrooms re-plumbed, doors, paint, and lighting. Rebuilt wood-burning, brick fire place w/mantel in large living room w/ample sunlight and sliding glass doors which take you to the covered back porch. Tilt sash, low e dual pane windows throughout. All beds and 2 full baths up, powder bath down. Large 14ft x 3.5 ft counter height island w/integrated electric stove top, oven, and microwave w/ample cabinet space and soft close drawers. Farmhouse sink, tile backsplash, SS trash compactor, dishwasher and refrigerator. Laundry room up with stacked W/D, utility sink and wall mounted folding table. 2 car garage w/cabinets, garage door and opener replace in 2024. Low Tax Rate, NO HOA, NO PMI, Seller/Owner Financing Available, 100k down, rate in the 5's%. ***City Sewer can be connected to home, for pool addition in the backyard*** per Lakeway MUD.

At $363/sqft, this home is 7% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

117 Medalist St, Austin, TX 78734

Property Details

Price $729,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,006 sqft
Lot Size 0.46 acres (20,194.42 sqft)
Year Built 1987
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 17
County Travis
Zip Code 78734
$/sqft $363/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,271.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227294765
List Date June 18, 2026
Elementary School Lakeway
Middle School Bee Cave Middle School
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 18, 2026 $775,000
Current ask $729,000
Reduced $46,000 (-5.9%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$729,000 $280 4 bd / 3 ba 2,601 sqft , 2026-06-06
211 Honey Creek Ct #6
Honey Creek Condominiums
$729,900 $384 3 bd / 3 ba 1,903 sqft , 2026-06-29
1808 Forest Hill Dr
PARK FOREST SEC 1
$730,000 $398 4 bd / 2 ba 1,832 sqft , 2026-04-10
2101 Airole Way #A
2101 Airole Way Condos
$730,000 $496 2 bd / 3 ba 1,471 sqft , 2026-05-21
3305 Hycreek Dr
Cherrylawn Sec 06
$730,000 $324 4 bd / 4 ba 2,254 sqft , 2026-06-25

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,499/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$145,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,499
Principal + Interest−$3,978
Property Tax (~2.1% TX avg)−$1,276
Insurance (~0.5%)−$304
Est. Monthly Cash Flow $-2,059

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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