Active Listing  ·  68 days on market

1518 Frontier Valley Dr

Austin, TX 78741
$499,000
3 Bed 3 Bath 2,004 sqft $249/sqft Built 2016 0.10 acres 2-Car Garage Pool Park East

Preferred Lender offering 1 year rate buy-down. Impeccably maintained, beautifully updated, and filled with natural light, this 3-bedroom, 3 full-bath home with a dedicated office offers a thoughtful blend of style, comfort, and functionality in a convenient Central East Austin location.

The bright, open floor plan is designed for both everyday living and entertaining, highlighted by a beautifully appointed kitchen featuring Carrera marble countertops and matching backsplash, ample workspace, and timeless finishes. Just beyond the main living area, a spacious screened-in porch with imported tile flooring provides an inviting extension of the home and an ideal space for relaxing, dining, or entertaining year-round.

A first-floor guest bedroom with an adjacent full bath adds valuable flexibility for visitors, multigenerational living, or a private workspace. Upstairs, the spacious primary suite is joined by an additional bedroom, dedicated office, and conveniently located laundry area, creating a functional layout with plenty of separation between living and work spaces.

The location puts some of Austin's most popular destinations within easy reach. Downtown Austin is approximately 5.5 miles away, with Secret Beach at Lady Bird Lake just 1.7 miles, H-E-B Plus on Riverside 2.2 miles, Austin-Bergstrom International Airport 3.1 miles, Oracle Headquarters 2.8 miles, Mueller Lake Park and surrounding shopping approximately 6 miles, and Tesla Gigafactory Texas just 6.8 miles away.

Additional improvements include a 2025 HVAC system backed by a 10-year warranty, providing added comfort and peace of mind. With its updated interior, versatile floor plan, inviting outdoor living space, and convenient access to Downtown, the airport, major employers, recreation, shopping, and dining, this move-in-ready home offers an exceptional opportunity to enjoy Central East Austin living.

At $249/sqft, this home is 36% 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

1518 Frontier Valley Dr, Austin, TX 78741

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,004 sqft
Lot Size 0.10 acres (4,151.27 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Park East
County Travis
Zip Code 78741
$/sqft $249/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. $9,895
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240178944
List Date July 17, 2026
Elementary School Hillcrest
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.

Schedule a Call →

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 · July 17, 2026 $510,000
Current ask $499,000
Reduced $11,000 (-2.2%) 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
6809 Porter St #1
Chernosky
$475,000 $257 4 bd / 4 ba 1,845 sqft , 2026-06-23
2309 Montopolis Dr #8
Delvalle S
$465,000 $244 3 bd / 4 ba 1,908 sqft , 2026-07-13
6205 Caddie St #1
Addie Condo
$550,000 $305 3 bd / 3 ba 1,801 sqft , 2026-05-02
7205 Lysander Ct
Eastwood at Riverside
$445,000 $204 4 bd / 3 ba 2,185 sqft , 2026-09-04
6203 Langham St #1
ANGELL C L SUBD
$427,500 $261 3 bd / 4 ba 1,640 sqft , 2026-03-04

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 15, 2026.

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