Active Listing  ·  3 days on market

1515 Mearns Meadow Blvd

Austin, TX 78758
$449,000
3 Bed 2 Bath 1,653 sqft $272/sqft Built 1973 0.25 acres 1-Car Garage Pool Quail Creek West Ph 02 Sec 10

A single-story sanctuary for those who want to make their home the center of their social world. The show-stopping kitchen includes enough drawers and cupboards for a serious cook’s supplies, butcher block counters, a gorgeous gas range and a wine fridge for spontaneous weeknight tastings. The layout flexes with your life: three bedrooms plus a bonus room that's currently serving as a bespoke dressing room with shelves built for owner who loves shoes could easily transform into your studio, office, whatever your dreams call for. The front room features a full wall of built-in shelving—think gallery wall meets personal library, perfect for displaying your vintage vinyl, books, or art. The primary bedroom’s bathroom offers a freestanding deep soaking tub, dual vanities and a double rainhead shower. Owners also added a door from the bathroom to the backyard for easy access; with a plan to add a hot tub or cowboy pool. The invisible upgrades also matter—updated plumbing, a premium HVAC system and a 50-year roof. Step outside to your private green space that backs directly to Little Walnut Creek. Whether you're planning raised garden beds, a pool, or just need space to think, this backyard delivers. Location-wise, you're in an under-the-radar neighborhood that's about to be discovered (translation: get in now). Walking/biking distance to Metro Rail stop and Q2 Stadium. Near to the Domain, MoPac, I83 and the future site of UT medical complex (set to be built by 2030 on part of what is now JJ Pickle Research Park).

At $272/sqft, this home is 31% 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

1515 Mearns Meadow Blvd, Austin, TX 78758

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,653 sqft
Lot Size 0.25 acres (11,020.68 sqft)
Year Built 1973
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Quail Creek West Ph 02 Sec 10
County Travis
Zip Code 78758
$/sqft $272/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,374.5
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248811216
List Date October 5, 2026
Elementary School Cook
Middle School Burnet (Austin ISD)
High School Navarro Early College
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
9007 W Pointer Ln
Quail Creek West Sec 01
$449,000 $293 4 bd / 2 ba 1,535 sqft , 2026-06-18
1100 Neans Dr
Neans Place Sec 01
$449,000 $238 4 bd / 4 ba 1,885 sqft , 2026-07-28
1700 Colony Creek Dr
Quail Creek West Sec 01
$449,000 $288 4 bd / 2 ba 1,560 sqft , 2026-09-25
1003 Fauntleroy Trl
White Plains Sec 02
$459,000 $386 4 bd / 2 ba 1,190 sqft , 2026-04-10
9207 Hunters Trce
Quail Creek West Sec 03
$459,900 $265 4 bd / 2 ba 1,736 sqft , 2026-06-14

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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 6, 2026.

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