Active Listing  ·  4 days on market

1321 Canopy Creek Way

Austin, TX 78748
$425,000
3 Bed 3 Bath 2,075 sqft $205/sqft Built 2014 0.10 acres 2-Car Garage Pool Hollow At Slaughter Creek Sec 01

Freshly updated and move-in ready, this 3-bedroom, 2.5-bath home backs to a pond and trail, offering peaceful views with no rear neighbors. A unique black rail fence along the back of the property preserves the open view, creating a rare backyard setting that feels both private and connected to nature. Inside, you'll find fresh interior paint and newly installed carpet throughout. All three bedrooms are located upstairs, including a spacious primary suite tucked away at the back of the home for added privacy, while the two secondary bedrooms are positioned at the front. With an ideal layout, beautiful views, and direct access to nearby trails, this home is the perfect blend of comfort and everyday convenience.

At $205/sqft, this home is 48% 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

1321 Canopy Creek Way, Austin, TX 78748

Property Details

Price $425,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,075 sqft
Lot Size 0.10 acres (4,181.76 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hollow At Slaughter Creek Sec 01
County Travis
Zip Code 78748
$/sqft $205/sqft
Days on Market ,
HOA $174.92/Quarterly
Annual Tax Est. $8,086.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242468595
List Date August 10, 2026
Elementary School Casey
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
9505 Doliver Dr
Tanglewood Forest Sec 01
$425,000 $284 3 bd / 2 ba 1,494 sqft , 2026-07-22
10502 Wylie Dr #278
Sweetwater Glen Condo Amd
$425,000 $248 3 bd / 3 ba 1,714 sqft , 2026-08-06
9944 Aly May Dr
Hollow At Slaughter Creek Sec 1
$424,000 $198 3 bd / 3 ba 2,146 sqft , 2026-05-30
9936 Aly May Dr
Hollow/Slaughter Crk Sec 01
$420,000 $223 3 bd / 3 ba 1,880 sqft , 2026-06-24
1408 Middlefield Ct
Hollow At Slaughter Creek Sec
$420,000 $217 3 bd / 3 ba 1,935 sqft , 2026-07-21

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 14, 2026.

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