Active Listing  ·  7 days on market

1613 Larkwood Dr

Austin, TX 78723
$280,000
3 Bed 2 Bath 1,192 sqft $235/sqft Built 1955 0.21 acres 1-Car Garage Pool Delwood 04 Sec B

A rare opportunity in the established East Austin Windsor Park neighborhood. Situated on a spacious corner lot of approximately 0.2062 acres (8,983 square feet), 1613 Larkwood Drive offers the space and flexibility to create something truly special. Surrounded by established homes on generous lots and free from the constraints of an HOA, this property is well suited for an energetic renovator, a builder, or a homeowner ready to bring their own vision to life. The location is hard to beat, with multiple schools within walking distance and a dedicated bike lane along Berkman Drive. Enjoy excellent access to neighborhood restaurants, everyday amenities, parks, golf courses, Dell Children’s Medical Center, Austin-Bergstrom International Airport, and downtown Austin. Whether you envision thoughtfully renovating the existing property or creating something entirely new, this is an exciting opportunity to invest in a well-established area with outstanding connectivity.

At $235/sqft, this home is 40% 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

1613 Larkwood Dr, Austin, TX 78723

Property Details

Price $280,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,192 sqft
Lot Size 0.21 acres (8,982.07 sqft)
Year Built 1955
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Delwood 04 Sec B
County Travis
Zip Code 78723
$/sqft $235/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,867.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243062202
List Date August 17, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
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
909 Reinli St #103
Verandas At Uptown Condo
$280,000 $238 3 bd / 3 ba 1,176 sqft , 2026-04-14
5609 Gloucester Ln
Windsor Park Hills Sec 01
$299,000 $225 3 bd / 1 ba 1,329 sqft , 2026-03-26
909 Reinli St #101
Verandas At Uptown Condo
$260,000 $211 3 bd / 3 ba 1,235 sqft , 2026-06-01
7203 Coronado Cir
Villas Coronado Hills Rev 1995
$260,000 $190 3 bd / 2 ba 1,365 sqft , 2026-06-23
935 La Posada Dr #145
Flats/935 Condos Bldg 4
$300,000 $291 3 bd / 2 ba 1,030 sqft , 2026-02-03

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 20, 2026.

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