Active Listing  ·  16 days on market

11808 Arnold Ln

Austin, TX 78748
$649,000
3 Bed 3 Bath 2,469 sqft $263/sqft Built 2004 0.50 acres 3-Car Garage Pool Village San Leanna Add 01

Located in the highly desirable unincorporated Village of San Leanna, this unique property offers a low tax rate, few restrictions, and a premium location just minutes from the South Menchaca entertainment district and less than 20 minutes from downtown Austin. Situated at the end of a cul-de-sac on a beautifully landscaped, nearly half-acre lot filled with mature trees, the home welcomes you through a large open courtyard. The property also features a beautiful working garden filled with herbs, fruits, and vegetables. Inside, you’ll find 3 bedrooms, a dedicated office that could easily serve as a 4th bedroom, and 3 full baths. The kitchen features a breakfast area, complemented by a separate dining space. A rare 3-car garage setup includes an attached 2-car garage plus a detached 1-car garage, offering excellent flexibility for parking, storage, or hobbies. A large storage shed provides even more space. Enjoy the privacy and character of San Leanna with convenient access to some of South Austin’s best dining, entertainment, and downtown destinations.

At $263/sqft, this home is 33% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11808 Arnold Ln, Austin, TX 78748

Property Details

Price $649,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,469 sqft
Lot Size 0.50 acres (21,605.76 sqft)
Year Built 2004
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village San Leanna Add 01
County Travis
Zip Code 78748
$/sqft $263/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,450
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242782135
List Date August 8, 2026
Elementary School Menchaca
Middle School Paredes
High School Akins
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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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
610 Redbud Trl
San Leanna Estates
$615,000 $280 3 bd / 2 ba 2,197 sqft , 2026-08-04
12709 Cholla Ln
Arroyo Doble Estates Sec 01
$575,000 $310 3 bd / 2 ba 1,852 sqft , 2026-08-12
11909 Bluebonnet Ln
San Leanna Estates
$550,000 $206 3 bd / 2 ba 2,675 sqft , 2025-08-23
11811 Sleepy Hollow Rd
San Leanna Estates
$549,000 $304 3 bd / 2 ba 1,808 sqft , 2026-03-06
602 Allende Bnd
ENCLAVE AT ESTANCIA CONDOMINIUMS
$440,000 $166 4 bd / 4 ba 2,656 sqft , 2026-07-07

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
$3,115/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
$129,800
20% conventional investment loan

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

Estimated Gross Rent+$3,115
Principal + Interest−$3,542
Property Tax (~2.1% TX avg)−$1,136
Insurance (~0.5%)−$270
Est. Monthly Cash Flow $-1,833

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 9, 2026.

📞 (254) 718-2567 [email protected] More about Luke →