Active Listing  ·  131 days on market

1201 Luna St

Austin, TX 78721
$685,000
3 Bed 3 Bath 1,940 sqft $353/sqft Built 2017 0.11 acres 1-Car Garage Pool Chernosky 09

This stunning two-story modern home by MJC Homes offers a perfect blend of luxury, design, and functionality with no expense spared. Featuring 3 bedrooms, a dedicated study, and 3 beautifully appointed full bathrooms, the home is thoughtfully designed for both comfortable living and elevated style.

Located just minutes from downtown Austin, this residence showcases high-end finishes, premium appliances and a refrigerator included for added convenience. The current owner has further enhanced the property with the addition of a durable metal roof and a covered carport, adding both value and practicality. Dramatic architectural elements, that lead to private bedroom suites—each complete with sleek en-suite bathrooms, generous closets, and abundant natural light. Upstairs, enjoy a private balcony, perfect for relaxing. The home is complemented by a spacious, fenced front yard, offering plenty of room for outdoor living.

At $353/sqft, this home is 9% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1201 Luna St, Austin, TX 78721

Property Details

Price $685,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,940 sqft
Lot Size 0.11 acres (4,748.04 sqft)
Year Built 2017
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 09
County Travis
Zip Code 78721
$/sqft $353/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,241.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223846830
List Date March 26, 2026
Elementary School Sims
Middle School Bertha Sadler Means
High School Northeast Early College
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.

Schedule a Call →

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
8610 Melshire Dr
Northwest Terrace Sec 03
$685,000 $336 3 bd / 3 ba 2,038 sqft , 2026-04-12
4810 Springdale Rd
Springdale Crk Condo
$685,000 $278 3 bd / 3 ba 2,462 sqft , 2026-05-14
2505 Bluebonnet Ave #4
Del Curto
$685,000 $451 2 bd / 3 ba 1,519 sqft , 2026-06-20
3414 Eldorado Trl
Shady Hollow Add Sec 02 Ph 01
$685,000 $325 3 bd / 2 ba 2,105 sqft , 2026-06-25
5210 Gladstone Dr
Windsor Park Hills Sec 06
$685,000 $358 4 bd / 3 ba 1,912 sqft , 2026-07-08

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
$3,288/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
$137,000
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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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