Active Listing  ·  82 days on market

15104 Mimebark Way

Austin, TX 78724
$259,000
3 Bed 2 Bath 1,206 sqft $215/sqft Built 2005 0.13 acres 2-Car Garage Pool Forest Bluff Sec 04

Thoughtfully updated and full of practical upgrades, this single-story Forest Bluff home delivers style, comfort, and standout backyard function in a fast-growing East Austin location. Located at 15104 Mimebark Way in Travis County with an Austin 78724 postal address, this 3-bedroom, 2-bath home features an open layout with improved flow to the living room, creating an inviting space for everyday living and entertaining. The living room features a fireplace, ceiling-mounted surround sound, and a large custom projector screen for movie nights and game days.

The refreshed kitchen adds warmth and functionality with repainted cabinets, custom butcher-block countertops, a gourmet sink, new garbage disposal, and a water filtration system. The refrigerator, washer, and dryer all convey, making move-in even easier. Major updates include a full HVAC and heating system replacement in 2021, an upgraded water heater approximately 2 years ago, a roof approximately 10 years old, added gutters, French drains, new ceiling fans, replaced trim, painted bedrooms, updated bathroom tile, replaced toilets, and removal of all carpet. A low 1.65 tax rate adds even more value.

Step outside to enjoy a large prefabricated covered patio, garden area, and a 10x12 backyard workshop with electricity, A/C, generous storage, and workspace. Whether you need room for hobbies, projects, tools, or flex space, this workshop offers rare versatility.

Located about 1 mile north of the Tesla Gigafactory and approximately 2 miles from a newly planned high school, this home places you near one of East Austin's fastest-growing employment corridors while still offering neighborhood comfort and accessibility. With visible pride of ownership, refreshed finishes, improved drainage, excellent storage, and inviting indoor-outdoor living, this Forest Bluff home stands out in today's Austin real estate market.

At $215/sqft, this home is 45% 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

15104 Mimebark Way, Austin, TX 78724

Property Details

Price $259,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,206 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Forest Bluff Sec 04
County Travis
Zip Code 78724
$/sqft $215/sqft
Days on Market ,
HOA $78/Quarterly
Annual Tax Est. $3,938
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228716765
List Date May 14, 2026
Elementary School Hornsby-Dunlap
Middle School Dailey
High School Del Valle
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
1800 Lavaca St #A508
Greenwood Towers Amd
$259,000 $302 2 bd / 1 ba 857 sqft , 2026-04-18
1304 Mariposa Dr #206
Travis Green Condo
$259,000 $322 2 bd / 1 ba 804 sqft , 2026-03-22
4521 Graceful Ln #469
Chaparral Crossing Condo Amd
$259,000 $198 3 bd / 3 ba 1,310 sqft , 2026-05-19
9525 N Capital Of Texas Hwy #414
Loop Condo
$259,000 $266 2 bd / 1 ba 972 sqft , 2026-06-05
4504 Halliday Ave
Austins Colony Sec 6A
$259,000 $193 3 bd / 2 ba 1,344 sqft , 2026-06-21

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
$1,243/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
$51,800
20% conventional investment loan

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

Estimated Gross Rent+$1,243
Principal + Interest−$1,413
Property Tax (~2.1% TX avg)−$453
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-731

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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