Active Listing  ·  20 days on market

137 Hillhouse Ln

Manchaca, TX 78652
$285,000
3 Bed 2 Bath 1,203 sqft $237/sqft Built 2008 0.10 acres 2-Car Garage Pool Ashbrook

Welcome to 137 Hillhouse Ln. in the Ashbrook community. This is a great find just minutes from shopping and dining in the desirable SouthPark Meadows of South Austin. (1/2 mile away) This gem offers the perfect layout and location for a small family or your ideal starter home in a great location. You will be greeted by the open living room featuring a tray ceiling and large windows that offers the space beautiful natural light. This three bedroom 2 bath open concept layout offers a great bedroom separation for the Master suite with loads of windows. The large Primary Suite which features a cozy sitting area and walk-in closet are located in the back of the home. The two secondary bedrooms and laundry room are located towards the front of the home. The open Eat-In kitchen has a sliding door leading to the large backyard. The property is located in South Austin not too far from IH-35, and FM1626 leads to SH-45 about three miles West and links to MoPac. S 1st is an additional option to take you North.

At $237/sqft, this home is 22% below the Manchaca active market average of $302/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

137 Hillhouse Ln, Manchaca, TX 78652

Property Details

Price $285,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,203 sqft
Lot Size 0.10 acres (4,399.56 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ashbrook
County Travis
Zip Code 78652
$/sqft $237/sqft
Days on Market ,
HOA $32/Monthly
Annual Tax Est. $6,434.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241111059
List Date July 25, 2026
Elementary School Menchaca
Middle School Paredes
High School Akins
School District ,

Luke Allen (TREC #788149) has deep knowledge of Manchaca 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 Manchaca

Comparable Listings Right Now

Homes currently for sale in Manchaca 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
11509 Autumn Ash Dr
Ashbrook
$289,000 $216 3 bd / 2 ba 1,341 sqft , 2026-06-18
101 Texas Ash Cv
Ashbrook
$295,500 $207 3 bd / 2 ba 1,429 sqft , 2026-06-25
10819 Crown Colony Dr #19
Greens Onion Creek Condo Ph 02
$300,000 $225 2 bd / 3 ba 1,334 sqft , 2026-03-28
10819 Crown Colony Dr #11
Greens Onion Creek Condo Ph 01
$300,000 $230 2 bd / 3 ba 1,306 sqft , 2026-06-26
11802 Sleepy Hollow Rd
San Leanna Estates
$314,160 $199 3 bd / 2 ba 1,578 sqft , 2026-08-12

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 Manchaca, TX

Manchaca 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

More Luxury Homes in Manchaca

Loading…
View All Luxury Homes →
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 July 26, 2026.

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