Active Listing  ·  24 days on market

1609 Larkwood Dr

Austin, TX 78723
$545,000
3 Bed 1 Bath 1,222 sqft $446/sqft Built 1954 0.18 acres 1-Car Garage Pool Delwood 04 Sec B

Discover a charming haven nestled in a vibrant Austin neighborhood, where comfort meets convenience. This delightful residence presents an exceptional opportunity to embrace a relaxed lifestyle within a thriving community. Enjoy the generous living area spanning 1222 square feet, thoughtfully designed across a single story to maximize ease and accessibility. The home offers three well-appointed bedrooms and one full bathroom, providing comfortable accommodations for residents and guests alike. Situated on a substantial lot of 0.18 acres, equivalent to 8041 square feet, the property offers ample outdoor space for leisure and potential landscaping projects. This tranquil setting provides a perfect escape while remaining connected to the energetic pulse of Austin. The surrounding area boasts a dynamic atmosphere with local amenities, parks, and cultural attractions just moments away, ensuring a fulfilling and engaging living experience. This residence is an ideal choice for those seeking a harmonious blend of peaceful living and urban excitement.

At $446/sqft, this home is priced 14% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1609 Larkwood Dr, Austin, TX 78723

Property Details

Price $545,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,222 sqft
Lot Size 0.18 acres (8,041.18 sqft)
Year Built 1954
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Delwood 04 Sec B
County Travis
Zip Code 78723
$/sqft $446/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,849.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239549181
List Date July 11, 2026
Elementary School Blanton
Middle School Paredes
High School Northeast 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
1701 Simond Ave #639
Parkside/Mueller Condos
$545,000 $500 2 bd / 2 ba 1,091 sqft , 2026-02-28
800 Embassy Dr #236
Tyndall
$545,000 $423 2 bd / 2 ba 1,289 sqft , 2026-05-18
5102 Martin Ave #2
North Loop
$545,000 $582 2 bd / 2 ba 936 sqft , 2026-07-17
5304 Basswood Ln
Windsor Park Hills Sec 07
$545,000 $374 3 bd / 2 ba 1,457 sqft , 2026-07-24
2200 Kenbridge Dr
Allandale North Sec 03
$548,000 $359 3 bd / 2 ba 1,526 sqft , 2026-07-24

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
$2,616/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
$109,000
20% conventional investment loan

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

Estimated Gross Rent+$2,616
Principal + Interest−$2,974
Property Tax (~2.1% TX avg)−$954
Insurance (~0.5%)−$227
Est. Monthly Cash Flow $-1,539

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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