Active Listing  ·  149 days on market

16712 Rakesh Way

Manor, TX 78653
$499,900
3 Bed 3 Bath 2,504 sqft $200/sqft Built 2020 0.19 acres 3-Car Garage Pool ShadowGlen

Welcome to this stunning 3 bed, 3 bath with a dedicated office, offering 2,349 square feet of beautifully designed living space in the highly sought-after ShadowGlen subdivision. This exceptional 1-story residence blends modern elegance with everyday functionality, creating the perfect environment for entertaining & comfortable living. Upon entry, you are greeted by an extended foyer with soaring 12 FT ceilings, setting the tone for the spacious and open layout that follows. Just off the entry, a private home office with French doors provides an ideal space for remote work, or study, combining style and practicality. The heart of the home features an expansive open-concept design connecting the kitchen, dining area, and family room. The kitchen is a chef’s dream, complete with a large island, generous counter space, and a corner walk-in pantry that offers abundant storage. The dining area seamlessly flows into the family room, where a wall of windows fills the space with natural light, creating a bright and inviting atmosphere. The primary suite is a luxurious sanctuary, featuring a private spa-inspired bathroom. Enjoy dual vanities, a relaxing garden tub, a separate glass-enclosed shower, and two spacious his & her walk-in closets. A thoughtfully designed guest suite with its own private bath offers the perfect setup for visitors or multigenerational living. The other additional  bedroom provides flexibility for family, or guests. Step outside to the covered backyard patio, ideal for outdoor dining, relaxing evenings, or entertaining year-round. The backyard is enhanced with low-maintenance artificial turf, offering a lush, green appearance without the upkeep. Other perks include a mudroom located just off the garage, helping keep daily life organized and clutter-free. This home offers the perfect combination of thoughtful design, modern features, and prime location. Don’t miss your opportunity to own this exceptional Home. Schedule your showing today!

At $200/sqft, this home is 3% below the Manor active market average of $207/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

16712 Rakesh Way, Manor, TX 78653

Property Details

Price $499,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,504 sqft
Lot Size 0.19 acres (8,380.94 sqft)
Year Built 2020
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision ShadowGlen
County Travis
Zip Code 78653
$/sqft $200/sqft
Days on Market ,
HOA $689/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223656627
List Date March 26, 2026
Elementary School ShadowGlen
Middle School Manor (Manor ISD)
High School Manor
School District ,

Luke Allen (TREC #788149) has deep knowledge of Manor 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 Manor

Comparable Listings Right Now

Homes currently for sale in Manor 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
17817 Clairess Ln
Shadowglen Ph 2 Sec 23A
$499,900 $225 4 bd / 3 ba 2,224 sqft , 2026-07-23
14404 Kira Ln
SHADOWGLEN
$499,990 $184 4 bd / 3 ba 2,722 sqft , 2026-05-23
18012 Clairess Ln
ShadowGlen
$505,000 $190 4 bd / 3 ba 2,651 sqft , 2026-05-22
14421 Kira Ln
SHADOWGLEN PHS 2
$475,000 $189 4 bd / 3 ba 2,513 sqft , 2026-01-16
11228 Terrace Meadow Way
Shadowglen Ph 01 Sec 01 B
$525,000 $158 4 bd / 3 ba 3,313 sqft , 2026-08-06

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 Manor, TX

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

Tesla Gigafactory 15 min W
Samsung Austin Semiconductor 20 min NW
Austin-Bergstrom Airport 20 min SW

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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 April 25, 2026.

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