Active Listing  ·  64 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

Stunning 3-Bed, 2.5-Bath Home in Desirable South Austin! Experience modern, low-maintenance living in the heart of Summerrow. This beautifully maintained brick-and-stone home features a spacious open floor plan designed for both daily comfort and effortless entertaining. The chef's kitchen features a breakfast bar, granite countertops, stainless steel appliances, and abundant cabinetry, flowing seamlessly into the dining and living areas. Durable vinyl wood-plank flooring extends throughout the main level and staircase, complemented by 2-inch faux wood blinds and ceiling fans. The primary suite offers a cozy built-in window bench and large walk-in closet, while the garage refrigerator, washer, and dryer are included. Step outside to an extended covered patio overlooking a large, private backyard shaded by mature trees, perfect for relaxing or entertaining, and enjoy a Weber gas grill connected directly to the home's natural gas line. The HOA provides front and backyard lawn maintenance, irrigation, trash, and recycling, while community amenities include gathering spaces with BBQ grills, a large dog park, and a Little Free Library. Enjoy convenient access to South Austin favorites including Armadillo Den, Bouldin Acres South, The Lucky Duck, Moontower Saloon, and Hive Coffee Shop, along with multiple H-E-B locations, Southpark Meadows, and nearby parks. Easy access to MoPac and I-35 puts Downtown Austin approximately 12 miles away, with major employers including Tesla, Oracle, and St. David's HealthCare within easy reach. With thoughtful upgrades, exceptional backyard privacy, and effortless maintenance, this home is a standout opportunity in South Austin!

At $219/sqft, this home is 44% 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

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.

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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
11904 Dispatch Way #62
SummerRow
$362,500 $202 3 bd / 3 ba 1,798 sqft , 2026-10-06
1209 Falconer Way
Summerrow HOA
$369,990 $216 3 bd / 3 ba 1,710 sqft , 2026-07-11
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
11609 Buster Crabbe Dr
Olympic Heights West
$358,000 $266 3 bd / 2 ba 1,346 sqft , 2026-08-24

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 September 3, 2026.

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