Active Listing  ·  8 days on market

1404 Wheatfall Ln

Austin, TX 78748
$385,000
3 Bed 2 Bath 1,560 sqft $247/sqft Built 1997 0.18 acres 2-Car Garage Pool Parkwood Sec 01 Amd

Single-story South Austin living with space to gather and room to retreat. This three-bedroom, two-bath home features an open layout connecting the spacious living area to a kitchen with breakfast-bar seating, keeping conversation flowing from everyday meals to weekend gatherings. Bedrooms are positioned apart from one another for added privacy, while a separate study offers flexibility for a home office, creative space or second living area. A sunroom provides another inviting spot to unwind, and the backyard deck extends the living experience outdoors with room for dining, relaxing and entertaining. Set in Austin’s 78748 ZIP code, 1404 Wheatfall Lane brings together a practical floor plan, versatile spaces and comfortable indoor-outdoor living.

At $247/sqft, this home is 37% 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

1404 Wheatfall Ln, Austin, TX 78748

Property Details

Price $385,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,560 sqft
Lot Size 0.18 acres (7,753.68 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkwood Sec 01 Amd
County Travis
Zip Code 78748
$/sqft $247/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,095.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243731079
List Date September 30, 2026
Elementary School Casey
Middle School Bedichek
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
8716 Davis Oaks Trl
Dittmar Crossing
$379,000 $267 3 bd / 3 ba 1,418 sqft , 2026-03-13
8525 Birmingham Dr
Buckingham Estates Ph 3 Sec 4
$395,000 $295 3 bd / 2 ba 1,341 sqft , 2026-09-24
9936 Aly May Dr
Hollow/Slaughter Crk Sec 01
$399,900 $213 3 bd / 3 ba 1,880 sqft , 2026-06-24
8024 Bird Song Cir
Novel
$399,990 $253 3 bd / 3 ba 1,583 sqft , 2026-09-07
9021 Kimono Ridge Dr
Laurelwood Estates
$400,000 $260 3 bd / 3 ba 1,537 sqft , 2026-07-23

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 October 1, 2026.

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