Active Listing  ·  190 days on market

200 E Pheasant Dr

Austin, TX 78753
$284,500
3 Bed 2 Bath 1,077 sqft $264/sqft Built 1973 0.16 acres 1-Car Garage Pool North Creek East Sec 01

$0 Down, $0 Closing Cost Financing Options Available.

Move-in ready and beautifully updated, this 3-bedroom, 2-bath home offers comfort, convenience, and value with no HOA. Recent improvements include luxury vinyl plank flooring throughout, fresh interior paint, modern light fixtures, and major system updates including a recently replaced roof and HVAC system.

The spacious living room features a soaring cathedral ceiling that fills the home with natural light and creates an open, inviting atmosphere. The functional floor plan offers comfortable living spaces, washer and dryer connections, and flexibility for a variety of lifestyles.

Located near Brownie Park and just minutes from I-35 and Highway 183, you'll enjoy convenient access to The Domain, major tech employers, shopping, dining, and entertainment. Only 15 minutes to UT and just a few more to Downtown Austin. Whether you're a first-time buyer, investor, or simply looking for a move-in ready home in North Austin, this property is a must-see.

Schedule your private showing today.

At $264/sqft, this home is 32% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

200 E Pheasant Dr, Austin, TX 78753

Property Details

Price $284,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,077 sqft
Lot Size 0.16 acres (6,934.75 sqft)
Year Built 1973
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision North Creek East Sec 01
County Travis
Zip Code 78753
$/sqft $264/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,111.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228752906
List Date May 6, 2026
Elementary School Guerrero Thompson
Middle School Dobie (Austin ISD)
High School Navarro Early College
School District Austin ISD

Austin ISD

Guerrero Thompson · Dobie (Austin ISD) · Navarro Early College

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 →

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 · May 6, 2026 $299,500
Previous ask $285,000
Current ask $284,500
▼ Reduced $15,000 (-5.0%) 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 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
203 Cooper Dr
North Lamar Park Sec 03
$294,500 $292 3 bd / 1 ba 1,008 sqft , 2026-10-19
8915 Slayton Dr
North Lamar Park Sec 02
$260,000 $197 3 bd / 2 ba 1,319 sqft , 2026-09-05
9602 Covey Ridge Ln
Park At Quail Creek Amd
$245,900 $199 3 bd / 2 ba 1,237 sqft , 2026-08-06
1010 W Rundberg Ln #30
Summertree Condo
$239,000 $204 2 bd / 2 ba 1,170 sqft , 2026-08-31
9913 Oak Hollow Dr
Quail Creek West Ph 02 Sec 07
$335,000 $241 4 bd / 2 ba 1,392 sqft , 2026-06-17

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
$1,366/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
$56,900
20% conventional investment loan

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

Estimated Gross Rent+$1,366
Principal + Interest−$1,553
Property Tax (assumed ~2.1%)−$498
Insurance (assumed ~0.5%)−$119
Est. Monthly Cash Flow $-804

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 · 41 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. The written content was last updated on November 3, 2026.

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

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