Active Listing  ·  23 days on market

1608 Melibee Trl

Austin, TX 78748
$395,000
3 Bed 3 Bath 1,860 sqft $212/sqft Built 2000 0.13 acres 2-Car Garage Pool Canterbury Trails Sec 04

Welcome to 1608 Melibee Trail, a move-in ready home nestled in the desirable Canterbury Trails community of South Austin. Offering 1,860 square feet, this thoughtfully designed two-story floor plan features 3 bedrooms, 2.5 bathrooms, and multiple flexible living spaces to fit today’s lifestyle.

The spacious kitchen overlooks the main living area, creating an open layout that’s perfect for everyday living and entertaining. A versatile front room can easily serve as a home office, formal dining room, playroom, or additional sitting area, while the upstairs game room provides even more space for work or relaxation.

Outside, enjoy a large private backyard complete with a deck and storage shed—ideal for weekend barbecues, pets, gardening, or simply unwinding after a long day.

Buyers will appreciate several valuable updates and features, including a new roof installed in 2024, a clean seller’s disclosure with no known foundation, plumbing, electrical, HVAC, or roof defects, and no history of flooding or insurance claims.

Conveniently located just minutes from Southpark Meadows, H-E-B, restaurants, parks, and major commuter routes including IH-35 and MoPac, this home offers easy access to everything South Austin has to offer while maintaining the comfort of an established neighborhood.

At $212/sqft, this home is 46% 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

1608 Melibee Trl, Austin, TX 78748

Property Details

Price $395,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,860 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Canterbury Trails Sec 04
County Travis
Zip Code 78748
$/sqft $212/sqft
Days on Market ,
HOA $50/Quarterly
Annual Tax Est. $7,883.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238979878
List Date July 22, 2026
Elementary School Menchaca
Middle School Paredes
High School Akins
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 →

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
2028 Desco Dr
Hillcrest Sec 01
$399,000 $210 3 bd / 3 ba 1,898 sqft , 2026-08-07
10028 Wading Pool Path
Hollow At Slaughter Creek Sec
$400,000 $203 3 bd / 3 ba 1,973 sqft , 2026-06-25
11304 Canterbury Tales Ln
Canterbury Trails Sec 04
$383,000 $221 3 bd / 3 ba 1,736 sqft , 2026-05-05
11403 Georgia Coleman Bnd
Olympic Heights Sec 03
$409,000 $240 3 bd / 3 ba 1,707 sqft , 2026-08-07
1900 Jesse Owens Dr
Olympic Heights Sec 02
$409,999 $220 3 bd / 3 ba 1,860 sqft , 2026-06-17

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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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 August 7, 2026.

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