Active Listing  ·  36 days on market

16036 Narcissus Way

Austin, TX 78725
$354,990
3 Bed 3 Bath 1,826 sqft $194/sqft Built 2026 0.11 acres 2-Car Garage Pool New Construction Elm Park

Step into your next home through the foyer from the front porch and continue down the hall to the main living space, passing a convenient powder bath along the way. The kitchen, dining area, and family room form an open-concept space, with stairs to the second floor nearby and access to the two-car garage just off the kitchen. Upstairs, a loft connects two additional bedrooms—one with a walk-in closet—that share a bath. As you head toward the primary bedroom, you'll pass the laundry room before arriving at the spacious primary suite, complete with a walk-in closet and private primary bath.

At $194/sqft, this home is 50% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

16036 Narcissus Way, Austin, TX 78725

Property Details

Price $354,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,826 sqft
Lot Size 0.11 acres (4,678.34 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elm Park
County Travis
Zip Code 78725
$/sqft $194/sqft
Days on Market ,
HOA $36/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239262504
List Date July 9, 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
5905 Diamondleaf Bnd
Forest Bluff
$345,000 $156 4 bd / 3 ba 2,216 sqft , 2026-04-29
15210 Wideleaf Cv
Forest Bluff Sec 05
$336,000 $206 3 bd / 2 ba 1,630 sqft , 2026-06-05
5313 Calluna Dr
Elm Park
$334,240 $223 3 bd / 2 ba 1,499 sqft , 2026-07-27
4507 E Esper Ln #300
Chaparral Crossing Condo Amd
$325,999 $242 3 bd / 2 ba 1,346 sqft , 2026-06-17
5305 Calluna Dr
Elm Park
$323,615 $229 3 bd / 2 ba 1,412 sqft , 2026-08-10

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
$1,704/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
$70,998
20% conventional investment loan

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

Estimated Gross Rent+$1,704
Principal + Interest−$1,937
Property Tax (~2.1% TX avg)−$621
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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 July 10, 2026.

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