Active Listing  ·  89 days on market

1209 Falconer Way

Austin, TX 78748
$369,990
3 Bed 3 Bath 1,710 sqft $216/sqft Built 2020 0.14 acres 2-Car Garage Pool Summerrow HOA

This stunning home is located in the heart of the booming “Deep South Austin” tucked away in the boutique community of Summerrow. This nearly new, two story, 3 bedroom, 2.5 bathroom home boasts luxurious finishes, modern conveniences and covered front and back porches. As you enter, you are immediately drawn to the spacious open floor plan by the abundant natural light & high ceilings that creates an airy and inviting atmosphere making this home feel even larger than it already is. The main living area features brand new luxury vinyl plank flooring that creates a seamless flow between the living room, dining area & kitchen, perfect for hosting gatherings and spending time with family & friends. The gourmet kitchen comes equipped with gas oven/range, quartz countertops, 42” shaker cabinets, subway tile, center island, stainless steel appliances and a large pantry. The open concept design allows for entertaining while still preparing meals, making it a true focal point of the home. Upstairs you will find the primary bedroom plus two spacious secondary bedrooms and secondary full bath. The large primary suite features a massive walk-in closet, spacious bay window w/sitting area and spa-like bathroom with an oversized walk-in shower. As you make your way outside to the extended covered back porch you will notice the gas drop for convenient grilling and ample space making it ideal for hosting/relaxation. Summerrow amenities include multiple common areas with BBQ grills, seating and large dog run. HOA fees cover trash, recycling, lawn watering and maintenance in both the front AND backyard! Conveniently located minutes away from Moontower Saloon, Armadillo Den, Bouldin Acres South, The Lucky Duck, Hive Coffee Shop, multiple HEBs, Southpark Meadows and much more! Easy access to Mopac or I-35 and only 12 miles to DT Austin! This home checks ALL the boxes. Don't miss out!

At $216/sqft, this home is 45% 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

1209 Falconer Way, Austin, TX 78748

Property Details

Price $369,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,710 sqft
Lot Size 0.14 acres (5,976.43 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerrow HOA
County Travis
Zip Code 78748
$/sqft $216/sqft
Days on Market ,
HOA $178/Monthly
Annual Tax Est. $6,530.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238329959
List Date July 11, 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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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 · July 11, 2026 $375,000
Current ask $369,990
▼ Reduced $5,010 (-1.3%) 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
2005 Garretts Way
Hills Of Bear Creek
$370,000 $187 3 bd / 3 ba 1,975 sqft , 2026-08-04
2013 Jim Craig Ct
Rancho Alto Ph 02
$370,000 $230 4 bd / 2 ba 1,612 sqft , 2026-09-25
1300 Falconer Way
Summerrow
$365,000 $219 3 bd / 3 ba 1,667 sqft , 2026-08-05
11110 Jim Thorpe Ln
Olympic Heights Sec 02
$374,999 $196 4 bd / 3 ba 1,909 sqft , 2026-08-18
11403 Georgia Coleman Bnd
Olympic Heights Sec 03
$375,000 $220 3 bd / 3 ba 1,707 sqft , 2026-08-07

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
$1,776/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
$73,998
20% conventional investment loan

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

Estimated Gross Rent+$1,776
Principal + Interest−$2,019
Property Tax (~2.1% TX avg)−$647
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,044

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 September 27, 2026.

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