Active Listing  ·  50 days on market

16308 Parkway Dr

Pflugerville, TX 78660
$318,500
3 Bed 2 Bath 1,199 sqft $266/sqft Built 1985 0.23 acres 2-Car Garage Pool Watson Park 03

Welcome to 16308 Parkway Drive in Pflugerville—a charming, well-maintained home featuring thoughtful updates and a functional floor plan. Offering 3 bedrooms and 2 full bathrooms, including a comfortable primary ensuite, this home also features a spacious family room anchored by a beautiful brick gas fireplace and an inviting eat-in dining area.

Over the years, the home has been tastefully updated with energy-efficient replacement windows, including a striking picture window that fills the front living space with natural light. The refreshed kitchen showcases quartz countertops, a deep stainless steel sink, updated white cabinetry, a built-in microwave, dishwasher, and a gas range for those who enjoy cooking.

Outside, you'll find a large, level backyard with mature shade trees, full fencing, and plenty of room to relax, entertain, or play. Enjoy the extended flagstone patio, charming front flagstone walkway, and a spacious storage shed (approx. 8' x 10") with a metal roof and double doors for tools, hobbies, or additional storage.

As an added bonus, the home includes fully paid-off solar panels that will convey with the property, offering long-term energy savings and added value for the next owner.

At $266/sqft, this home is priced 36% above the Pflugerville active market average of $195/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

16308 Parkway Dr, Pflugerville, TX 78660

Property Details

Price $318,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,199 sqft
Lot Size 0.23 acres (10,132.06 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Watson Park 03
County Travis
Zip Code 78660
$/sqft $266/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,987
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238488234
List Date July 3, 2026
Elementary School Timmerman
Middle School Pflugerville
High School Pflugerville
School District ,

Luke Allen (TREC #788149) has deep knowledge of Pflugerville and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 3, 2026 $325,000
Current ask $318,500
Reduced $6,500 (-2.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Pflugerville

Comparable Listings Right Now

Homes currently for sale in Pflugerville 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
16506 Colwyn Bay Cv
Windermere Ph D
$319,950 $255 3 bd / 2 ba 1,256 sqft , 2026-06-18
15331 Sweet Caddies Dr
Sarahs Creek Sec 05
$320,000 $236 3 bd / 2 ba 1,355 sqft , 2026-07-03
1104 Laurelleaf Dr
Heatherwilde Sec 03
$315,000 $211 3 bd / 2 ba 1,496 sqft , 2026-08-21
1415 MISS ALLISONS Way
SARAS CREEK
$312,000 $219 3 bd / 3 ba 1,422 sqft , 2026-07-09
1006 Cresswell Dr
Windermere Ph D
$329,000 $293 3 bd / 2 ba 1,124 sqft , 2026-04-25

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
$1,529/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
$63,700
20% conventional investment loan

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

Estimated Gross Rent+$1,529
Principal + Interest−$1,738
Property Tax (~2.1% TX avg)−$557
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-899

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 Pflugerville, TX

Pflugerville sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Samsung Austin Semiconductor 10 min W
Tesla Gigafactory 20 min SW
Apple Campus (Domain) 25 min W
Dell Technologies HQ 20 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 30, 2026.

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