Active Listing  ·  32 days on market

1612 Melissa Oaks Ln

Austin, TX 78744
$339,000
4 Bed 3 Bath 2,217 sqft $153/sqft Built 2004 0.18 acres 2-Car Garage Pool Crossing At Onion Creek Sec 3&

Charming Corner-Lot Home in Onion Creek

Welcome home to 1612 Melissa Oaks Ln a beautifully maintained corner-lot property in the sought-after Onion Creek community, just minutes from Southpark Meadows shopping, dining, and easy access to I-35. Built in 2004, this home offers a bright, functional layout with a private, fenced yard shaded by mature trees.

Step inside to an open entry and formal dining space that flows into a spacious living and kitchen area ideal for everyday living and entertaining alike. The kitchen features a central island with granite countertops and floating cabinetry, offering both style and storage. The primary suite is conveniently located on the main floor, with raised ceilings and a generously sized bath. Upstairs, you'll find three additional bedrooms and a full bath plenty of room for family, guests, or a home office setup.

Enjoy Texas evenings from the covered back patio, and take advantage of nearby outdoor recreation at Onion Creek Metro Park, Mary Moore Searight Park, and the Onion Creek Greenbelt trail system all within a few miles.

Don't miss this move-in-ready home in one of South Austin's most convenient, established neighborhoods.

At $153/sqft, this home is 61% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1612 Melissa Oaks Ln, Austin, TX 78744

Property Details

Price $339,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,217 sqft
Lot Size 0.18 acres (7,666.56 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Crossing At Onion Creek Sec 3&
County Travis
Zip Code 78744
$/sqft $153/sqft
Days on Market ,
HOA $120/Semi-Annually
Annual Tax Est. $7,379.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238415620
List Date July 3, 2026
Elementary School Pleasant Hill
Middle School Bedichek
High School Crockett
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
10913 Long Summer Dr
Pioneer Crossing East Sec 06
$339,000 $188 4 bd / 2 ba 1,801 sqft , 2025-09-03
10501 Bilbrook Pl
Texas Oaks 05
$339,000 $226 3 bd / 3 ba 1,498 sqft , 2026-06-04
7108 Outfitter Dr
Colorado Crossing 03 Sec 05
$339,900 $152 4 bd / 3 ba 2,240 sqft , 2026-05-06
3425 Savage Springs Dr
Pioneer Crossing East Sec 04
$339,900 $228 4 bd / 2 ba 1,490 sqft , 2026-06-11
10213 Forest Grove Dr
Vistas of Austin
$339,900 $227 3 bd / 2 ba 1,500 sqft , 2026-06-13

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
$1,627/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
$67,800
20% conventional investment loan

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

Estimated Gross Rent+$1,627
Principal + Interest−$1,850
Property Tax (~2.1% TX avg)−$593
Insurance (~0.5%)−$141
Est. Monthly Cash Flow $-957

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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