About This Home

Updated Gracy Farms home minutes to Uptown ATX, The Domain, Austin FC/Q2 Stadium, Parmer Tech Corridors and the to be built UT / Dell Medical Center campus. House sits on a corner lot and features a large landscaped backyard with a covered patio, a gazebo and a small basketball court. This home has been extensively updated and has four bedrooms and two and a half baths. Just steps away is the community pool and facilities and this neighborhood features a path directly into Walnut Creek Park. Recent updates include a new roof and a partial fence.

At $266/sqft, this home is 32% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1433 Elm Brook Dr, Austin, TX 78758

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Property Details

Price $549,998

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,071 sqft

Lot Size 0.18 acres (7,910.5 sqft)

Year Built 1986

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Village At Walnut Creek Ph 1

County Travis

Zip Code 78758

$/sqft $266/sqft

Days on Market ,

HOA $89/Monthly

Annual Tax Est. $11,426.2

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245268681

List Date September 3, 2026

Elementary School River Oaks

Middle School Westview

High School John B Connally

School District ,

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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 · September 3, 2026 $575,000

Current ask $549,998

▼ Reduced $25,002 (-4.3%) 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

12047 Lincolnshire Dr
Gracywoods Sec 09 & 10 $549,000 $283 4 bd / 2 ba 1,943 sqft , 2026-06-11

1411 Gorham St
Enclave At Gracywoods $549,000 $232 4 bd / 3 ba 2,369 sqft , 2026-09-11

11902 Rickem Cv
Gracywoods Sec 08 $569,000 $249 4 bd / 3 ba 2,287 sqft , 2026-09-09

11603 Eubank Dr
North Park Estates Sec 02 $525,000 $300 4 bd / 2 ba 1,748 sqft , 2026-10-02

11704 Swearingen Dr
Gracywoods Sec 07 $579,900 $306 3 bd / 2 ba 1,893 sqft , 2026-08-28

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

$2,640/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

$110,000

20% conventional investment loan

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

Estimated Gross Rent+$2,640

Principal + Interest−$3,002

Property Tax (~2.1% TX avg)−$962

Insurance (~0.5%)−$229

Est. Monthly Cash Flow $-1,553

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

About the Author

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 September 27, 2026.

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

1433 Elm Brook Dr