Active Listing  ·  111 days on market

16505 Castletroy Dr

Austin, TX 78717
$450,000
3 Bed 2 Bath 1,872 sqft $240/sqft Built 2004 0.17 acres 2-Car Garage Pool Avery Ranch East Ph 01

Located in the highly sought-after Avery Ranch community, this single-story home offers a functional open floor plan with 3 bedrooms, 2 bathrooms, and a dedicated study—ideal for both everyday living and working from home. The spacious kitchen features updated appliances (all less than two years old) and seamlessly opens to a warm, inviting family room, creating a natural hub for gathering and entertaining. Recent updates include fresh interior paint in most rooms, a new HVAC system with coils, and a new water heater, providing peace of mind for the next owner. The private backyard offers a covered patio and extended deck, along with a large fenced yard perfect for pets, play, or outdoor relaxation. Perfectly positioned directly across from a greenbelt with scenic walking and running trails, and conveniently located near Patsy Sommer Elementary School, this home combines comfort, convenience, and an active lifestyle.

At $240/sqft, this home is 39% 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

16505 Castletroy Dr, Austin, TX 78717

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,872 sqft
Lot Size 0.17 acres (7,361.64 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Avery Ranch East Ph 01
County Williamson
Zip Code 78717
$/sqft $240/sqft
Days on Market ,
HOA $54/Monthly
Annual Tax Est. $9,424.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226394366
List Date April 15, 2026
Elementary School Patsy Sommer
Middle School Pearson Ranch
High School McNeil
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
7900 Clydesdale Dr
Southampton Sec 3-a
$450,000 $365 3 bd / 2 ba 1,234 sqft , 2025-11-08
504 Heartwood Dr
Community Fairview Sec 02
$450,000 $331 3 bd / 2 ba 1,358 sqft , 2026-03-19
5605 Overbrook Dr
Manor Hills Sec 03
$450,000 $329 3 bd / 2 ba 1,367 sqft , 2025-10-23
3618 Kennedy Grace Way
Preston Village
$450,000 $186 4 bd / 3 ba 2,413 sqft , 2026-04-07
5500 Toscana Ave
Agave
$450,000 $284 3 bd / 3 ba 1,583 sqft , 2026-03-30

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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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