Active Listing  ·  52 days on market

2002 Meadowbrook Dr

Austin, TX 78703
$1,875,000
3 Bed 2 Bath 1,954 sqft $960/sqft Built 1948 0.19 acres Pool Tarry Town 03

This 1948 single-story mid-century modern home sits on one of Tarrytown's most desirable streets, lined with gorgeous mature trees and set on a wide, quiet road. The home has been fully updated without losing its character. Vaulted ceilings carry across the main living space, wood and tile floors run underfoot, and a fireplace anchors the living room for the months Austin actually gets cold. The kitchen is the kind that gets used: green cabinetry, a center island, a six-burner Thermador range, and a Sub-Zero refrigerator, suited to someone who actually cooks rather than just photographs it. Three bedrooms sit on the main level, including a primary suite and a third bedroom built around a raised sleeping loft, the detail every buyer remembers after walking through. The current owners have put real work into this home. They updated and upgraded the kitchen, added solid hardwood floors throughout, replaced the windows, and invested in landscaping improvements including irrigation for the backyard. A separate attached space off the main house opens up options: a gym, an art studio, a yoga room, a podcast room, a playroom, or an extra TV room, whatever the next owner actually needs. A screened porch and a private deck step down into a level, fenced back yard on nearly a fifth of an acre, big enough for a garden bed, a dog, or a table that seats ten on a Saturday night. The systems are already handled: central heat and air, gas utilities, and a membrane roof, so the next owner inherits none of the usual to-do list. The location is what makes Tarrytown Tarrytown. Lake Austin and the Muny golf course are minutes away, along with Mozart's for coffee on Lake Austin water and WAYA for children's sports and activities. HEB Lake Austin and Randalls cover the everyday errands without ever leaving the neighborhood. Zoned to Austin ISD's Casis Elementary, O. Henry Middle, and Austin High, this is a fully updated Tarrytown home ready to move into now.

At $960/sqft, this home is priced 145% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2002 Meadowbrook Dr, Austin, TX 78703

Property Details

Price $1,875,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,954 sqft
Lot Size 0.19 acres (8,428.86 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Tarry Town 03
County Travis
Zip Code 78703
$/sqft $960/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,696.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241857961
List Date August 1, 2026
Elementary School Casis
Middle School O Henry
High School Austin
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
3514 Bridle Path
Walsh Place
$2,000,000 $762 3 bd / 2 ba 2,624 sqft , 2026-03-04
2206 Parkway None
Enfield D
$1,749,950 $861 3 bd / 2 ba 2,032 sqft , 2026-09-10
2800 Cherry Ln
Tarry Town 03
$1,625,000 $617 4 bd / 3 ba 2,633 sqft , 2026-08-18
2005 Bowman Ave
Tarry Town 06
$1,585,000 $785 3 bd / 2 ba 2,019 sqft , 2026-05-19
1407 Hartford Rd
Enfield E
$1,575,000 $698 4 bd / 2 ba 2,256 sqft , 2026-09-15

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
$9,000/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
$375,000
20% conventional investment loan

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

Estimated Gross Rent+$9,000
Principal + Interest−$10,233
Property Tax (~2.1% TX avg)−$3,281
Insurance (~0.5%)−$781
Est. Monthly Cash Flow $-5,295

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 →