Active Listing  ·  15 days on market

1307 Falconer Way #81

Austin, TX 78748
$415,000
4 Bed 3 Bath 2,080 sqft $200/sqft Built 2020 2-Car Garage Pool Summerrow

If you're looking for a true turnkey, move-in ready home look no further than 1307 Falconer Way. Beautifully maintained in South Austin’s Summerrow community, find true “lock-and-leave” convenience. Inside this 4bedroom, 2.5 bath home is a welcoming, open floorplan with tile throughout the downstairs living space. Five-panel interior doors, recessed lighting, and soft neutral tones add a modern touch throughout. The stunning kitchen features quartz countertops, stainless steel appliances, and a spacious breakfast bar—perfect for casual dining or entertaining. New carpet has been installed throughout the upper level where all of the bedrooms are located. The primary suite feels like a retreat with its dual vanity, oversized walk-in shower, and expansive walk-in closet with built-in closet storage system. Laundry is made easy with the oversized washer & dryer on the upper level. Outdoors, relax or entertain on the covered patio with a built-in gas drop, while the community offers amenities like BBQ grills, picnic tables, and a large, fenced dog run. HOA fees cover trash, recycling, lawn watering, and mowing for both the front and backyard. All of this is walking distance to Texican Cafe and Stardust Loung, blocks from the vibrant South Manchaca scene—Armadillo Den, The Hive, Moontower Saloon, Bouldin Acres, and South Austin Beer Garden—and minutes from Bauerle Ranch greenbelt trails. With easy access to MoPac and I-35 and less than 12 miles to downtown, this location is hard to beat! Be sure to ask about our preferred lender incentives.

At $200/sqft, this home is 49% 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

1307 Falconer Way #81, Austin, TX 78748

Property Details

Price $415,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,080 sqft
Lot Size ,
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerrow
County Travis
Zip Code 78748
$/sqft $200/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. $7,415.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246869073
List Date September 23, 2026
Elementary School Menchaca
Middle School Bailey
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
2212 Christoff Loop
Rancho Alto Ph 03
$414,500 $222 4 bd / 2 ba 1,868 sqft , 2026-09-03
2516 Hopsack Mills Rd
Gabardine Condo
$425,000 $177 3 bd / 3 ba 2,407 sqft , 2026-05-13
11608 Paul E Anderson Dr
Olympic Heights Sec 02
$425,000 $228 3 bd / 3 ba 1,860 sqft , 2026-09-08
1912 Bobbywoods Ln
Hills Of Bear Creek Sec 3
$425,000 $206 4 bd / 3 ba 2,068 sqft , 2026-09-09
11116 Jim Thorpe Ln
Olympic Heights Sec 02
$429,000 $229 4 bd / 3 ba 1,875 sqft , 2026-09-09

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
$1,992/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
$83,000
20% conventional investment loan

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

Estimated Gross Rent+$1,992
Principal + Interest−$2,265
Property Tax (~2.1% TX avg)−$726
Insurance (~0.5%)−$173
Est. Monthly Cash Flow $-1,172

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 →