Active Listing  ·  115 days on market

1402 Camelot Cir

Austin, TX 78745
$427,500
3 Bed 1 Bath 962 sqft $444/sqft Built 1962 0.18 acres Pool Greenwood Forest Sec 02

Surrounded by new development, 1402 Camelot Circle is Austin's last untapped lot on the street. Sitting on a fully developed cul-de-sac in the established Greenwood Forest neighborhood, every surrounding property has already been built out — making this the final opportunity to close out the block.

The existing one-story brick home works as a solid starter residence or a straightforward teardown — with minimal tree impact confirmed by survey, there's little standing between you and a shovel-ready lot. A tenant is currently in place through May 2027, generating immediate rental income and giving developers a natural runway to work through permitting and planning without carrying a vacant property.

Whether you're an investor looking for cash flow, a builder ready to close out the street, or a buyer who wants to grow into a future project — this property checks multiple boxes. Appointment only; 24-hour notice required for all showings.

At $444/sqft, this home is priced 13% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1402 Camelot Cir, Austin, TX 78745

Property Details

Price $427,500
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 962 sqft
Lot Size 0.18 acres (7,640.42 sqft)
Year Built 1962
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Forest Sec 02
County Travis
Zip Code 78745
$/sqft $444/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,710.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228270438
List Date May 1, 2026
Elementary School Joslin
Middle School Bedichek
High School Crockett
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
4901 Richmond Ave #B
None
$420,000 $583 2 bd / 1 ba 720 sqft , 2026-04-13
3809 Valley View Rd #19
Valley View Sub
$435,000 $418 2 bd / 2 ba 1,040 sqft , 2026-08-21
1805 Fair Oaks Dr
Deer Park Sec 01
$409,999 $415 3 bd / 1 ba 988 sqft , 2026-08-21
509 Ramble Ln
Community Fairview Sec 01
$409,900 $342 3 bd / 2 ba 1,198 sqft , 2026-08-17
4025 Valley View Rd #2
Hancock Estates
$449,000 $412 2 bd / 2 ba 1,091 sqft , 2026-03-18

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
$2,052/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
$85,500
20% conventional investment loan

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

Estimated Gross Rent+$2,052
Principal + Interest−$2,333
Property Tax (~2.1% TX avg)−$748
Insurance (~0.5%)−$178
Est. Monthly Cash Flow $-1,207

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 May 2, 2026.

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