Active Listing  ·  110 days on market

1316 Cassiopeia Way

Austin, TX 78732
$1,199,000
5 Bed 5 Bath 3,837 sqft $312/sqft Built 2008 0.22 acres 2.5-Car Garage Pool Steiner Ranch Ph 01 Sec 7A

A rare opportunity at an exceptional value with nearly $125K just in interior updates! Pride of ownership shines throughout this beautifully maintained original-owner home with great curb appeal and energy-efficient solar panels. On the inside, thoughtful design meets luxury finishes. You'll notice this as soon as you walk in the front door and admire the elegantly appointed dining room, custom wallpaper, and custom molding along the curved staircase. Make sure to take a peek at the fun powder room! The open floor plan provides the perfect space for entertaining as the family room, breakfast area, and kitchen flow seamlessly together. The bright, refreshed kitchen features updated quartz countertops, a classic arabesque-pattern backsplash, and stainless appliances. Complementing the kitchen is a rare expanded pantry/prep area that enhances storage and functionality. This home also offers added flexibility with a private guest bedroom downstairs with full bath - the ideal set-up for multi-gen living or as a second office. The owner’s retreat offers privacy and a spa-like bath with a luxurious soaking tub and Italian marble floors, along with a spacious closet featuring built-in cabinetry and even a dedicated vanity table and built-in laundry hamper. Upstairs, you’ll find three spacious bedrooms with walk-in closets and a media room designed for comfort and movie nights. Step outside to enjoy a true backyard oasis with an inviting pool (7 ft. max depth) and hot tub, a covered patio for entertaining or just relaxing, an outdoor grill/kitchen and peaceful views backing to lush greenspace. Located on a quiet street in the centrally located Summer Vista section of Steiner Ranch, close to top-rated schools in the Vandegrift High School feeder pattern, so many neighborhood amenities (pools, tennis/pickleball/sports courts, a dog park, a lake club), and quick access to outdoor recreation - including over 20 miles of hike/bike trails as well as Lake Austin and Lake Travis.

At $312/sqft, this home is 20% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1316 Cassiopeia Way, Austin, TX 78732

Property Details

Price $1,199,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,837 sqft
Lot Size 0.22 acres (9,748.73 sqft)
Year Built 2008
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 7A
County Travis
Zip Code 78732
$/sqft $312/sqft
Days on Market ,
HOA $603/Semi-Annually
Annual Tax Est. $14,338
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225724592
List Date April 16, 2026
Elementary School Laura Welch Bush
Middle School Canyon Ridge
High School Vandegrift
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 · April 16, 2026 $1,299,000
Previous ask $1,225,000
Current ask $1,199,000
Reduced $100,000 (-7.7%) 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
3711 Cedar St
Buddington
$1,199,000 $477 4 bd / 4 ba 2,515 sqft , 2026-01-06
4806 Richmond Ave #1
Glenwood Square
$1,199,000 $414 4 bd / 5 ba 2,896 sqft , 2025-10-22
5400 Top Of The Trails Cv
Woods Lake Travis Sec 02
$1,199,000 $334 4 bd / 4 ba 3,589 sqft , 2026-04-16
10133 Oliver Dr
Heissner
$1,199,000 $418 4 bd / 3 ba 2,870 sqft , 2026-05-05
1306 Navasota St
Merz Addition
$1,199,000 $433 4 bd / 5 ba 2,770 sqft , 2026-05-21

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
$5,755/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
$239,800
20% conventional investment loan

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

Estimated Gross Rent+$5,755
Principal + Interest−$6,543
Property Tax (~2.1% TX avg)−$2,098
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,386

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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