Active Listing  ·  9 days on market

1300 Falconer Way

Austin, TX 78748
$365,000
3 Bed 3 Bath 1,667 sqft $219/sqft Built 2019 0.14 acres 2-Car Garage Pool Summerrow

Welcome to this beautiful 3-bedroom, 2.5-bathroom brick and stone home in South Austin's desirable Summerrow community. The two-story, open-concept floor plan is designed for both everyday comfort and entertaining, featuring an island kitchen with a breakfast bar, granite countertops, stainless steel appliances, and abundant cabinet space. Throughout the home, 2-inch faux wood blinds, ceiling fans, and ample storage enhance both comfort and functionality. The spacious primary suite features a built-in window bench and a large walk-in closet, providing a relaxing retreat with plenty of storage. Step outside to enjoy the Weber gas grill, which is connected directly to the home's natural gas line, making outdoor cooking and entertaining both convenient and hassle-free. HOA-maintained landscaping offers low-maintenance living, and the garage refrigerator, washer, and dryer convey with the home. This location offers the best of South Austin living, positioned just minutes from Downtown, Southpark Meadows, and major employers like Tesla, Oracle, and St. David’s. Whether you are exploring the Violet Crown Trail or enjoying local favorites like Texican Cafe, Backwood, Moontower Saloon, and Armidilo Den everything you need is within reach. Enjoy the Milestone Community amenities and an easy commute in the expanding South Austin tech corridor. Schedule your private showing today!

At $219/sqft, this home is 44% 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

1300 Falconer Way, Austin, TX 78748

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,667 sqft
Lot Size 0.14 acres (5,976.43 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerrow
County Travis
Zip Code 78748
$/sqft $219/sqft
Days on Market ,
HOA $178/Monthly
Annual Tax Est. $5,267.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242013060
List Date August 5, 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.

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
11313 Pardoners Tale Ln
Canterbury Trails Sec 05
$364,999 $257 3 bd / 3 ba 1,422 sqft , 2026-05-21
11917 Buzz Schneider Ln
Rancho Alto Ph 01
$360,000 $234 3 bd / 2 ba 1,538 sqft , 2026-08-13
1701 McClannahan Dr
Rancho Alto Ph 01
$359,900 $234 3 bd / 2 ba 1,541 sqft , 2026-07-14
1404 Sir Thopas Trl
Canterbury Trails Sec 05
$355,000 $279 3 bd / 2 ba 1,271 sqft , 2026-04-10
1209 Falconer Way
Summerrow HOA
$375,000 $219 3 bd / 3 ba 1,710 sqft , 2026-07-11

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 6, 2026.

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