Active Listing  ·  79 days on market

1237 Oleander Dr

New Braunfels, TX 78130
$338,000
3 Bed 2 Bath 1,547 sqft $218/sqft Built 1985 0.28 acres 2-Car Garage Pool Green Meadows 11

Welcome to this beautifully updated 3-bedroom, 2-bath ranch-style home in the established Green Meadows 11 subdivision. Situated on a spacious 0.28-acre lot with no HOA, this move-in-ready home combines modern updates with everyday comfort. Recent improvements include a new roof and HVAC system (2021), fresh interior paint, luxury flooring throughout, remodeled bathrooms and kitchen, new refrigerator, new range, and new ceiling fans. Enjoy the inviting oversized covered front porch, freshly coated porch and garage floors, and a spacious living room with a cozy fireplace. The wide side yard provides gated access to the backyard with ample space for RV or boat parking. Conveniently located near H-E-B, Walmart, schools, restaurants, and IH-35, this home offers both tranquility and easy access to everything New Braunfels has to offer. Buyer agents welcome.

At $218/sqft, this home is 19% below the New Braunfels active market average of $270/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1237 Oleander Dr, New Braunfels, TX 78130

Property Details

Price $338,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,547 sqft
Lot Size 0.28 acres (12,296.99 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Green Meadows 11
County Comal
Zip Code 78130
$/sqft $218/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,430.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239238550
List Date July 15, 2026
Elementary School Walnut Springs (New Braunfels ISD)
Middle School New Braunfels
High School New Braunfels
School District ,

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

Schedule a Call →

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 15, 2026 $359,000
Previous ask $349,000
Current ask $338,000
▼ Reduced $21,000 (-5.8%) 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 New Braunfels

Comparable Listings Right Now

Homes currently for sale in New Braunfels 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
2051 Rowan Way
MOCKINGBIRD HEIGHTS
$348,500 $177 3 bd / 2 ba 1,971 sqft , 2026-04-23
2148 Stonehaven None
Greystone
$325,000 $163 4 bd / 2 ba 1,994 sqft , 2026-07-13
2114 Hidden Meadow St
North Park Meadows
$309,990 $156 3 bd / 3 ba 1,984 sqft , 2026-08-27
1068 Memorial Cir
Rolling Valley
$300,000 $158 4 bd / 2 ba 1,899 sqft , 2026-08-27

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
$1,622/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
$67,600
20% conventional investment loan

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

Estimated Gross Rent+$1,622
Principal + Interest−$1,845
Property Tax (~2.1% TX avg)−$592
Insurance (~0.5%)−$141
Est. Monthly Cash Flow $-956

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 New Braunfels, TX

New Braunfels 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 4, 2026.

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