Active Listing  ·  159 days on market

15109 S Flamingo Dr S

Austin, TX 78734
$475,000
3 Bed 3 Bath 2,292 sqft $207/sqft Built 2001 0.28 acres 2-Car Garage Pool Cardinal Hills Unit 03

**$65K in fresh renovations, top to bottom.**

Welcome to your treehouse. Tucked into a quiet pocket of Austin, this one has been completely refreshed — new paint inside and out, new flooring downstairs, and not a corner left untouched. The kitchen and primary bath got the glow-up, both dialed in for real life and for hosting.

Downstairs is where the secondary bedrooms live, plus a flex living space that's ready to be a game room, media lounge, or guest hideaway. Upstairs, the main living area opens into something special: huge windows with light pouring through the trees, giving the whole floor a peaceful, treehouse-in-the-canopy feel you won't find in a typical Austin listing.

Then there's the deck; big, breezy, and built for everything from quiet mornings to full-on gatherings, blurring the line between indoors and out.

Minutes from the lake, close to everything you need day to day, and zoned to Lake Travis ISD — this one checks every box: renovated, assumable, and in one of the most sought-after school districts around.

Austin homes for sale | Lake Travis ISD | renovated home Austin | move-in ready | modern kitchen | updated primary bath | outdoor deck entertaining | natural light | Hill Country living | Austin real estate | Central Texas homes

At $207/sqft, this home is 47% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

15109 S Flamingo Dr S, Austin, TX 78734

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,292 sqft
Lot Size 0.28 acres (12,401.53 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cardinal Hills Unit 03
County Travis
Zip Code 78734
$/sqft $207/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,376.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226272008
List Date April 16, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
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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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 · April 16, 2026 $524,500
Previous ask $485,000
Current ask $475,000
Reduced $49,500 (-9.4%) 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
34 Cypress Knee Ln
Courtyard At Preserve Condo T
$475,000 $223 4 bd / 3 ba 2,133 sqft , 2026-06-15
23 Stone Terrace Dr
Terrace At The Preserve Condom
$472,500 $203 3 bd / 3 ba 2,332 sqft , 2026-04-22
14900 Longbranch Dr
Apache Shores Sec 05
$485,000 $294 3 bd / 2 ba 1,650 sqft , 2026-06-19
15204 Falcon Dr
Cardinal Hills Unit 01
$509,000 $272 4 bd / 2 ba 1,873 sqft , 2026-08-27
401 Bellagio Dr
Pinnacle at North Lakeway
$529,900 $198 4 bd / 4 ba 2,677 sqft , 2026-07-11

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 September 22, 2026.

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