Active Listing  ·  120 days on market

2005 Elysian Fields None

Austin, TX 78727
$398,900
3 Bed 2 Bath 1,809 sqft $221/sqft Built 1982 0.16 acres Pool Lamplight Village Sec 06

AMAZING BUYER INCENTIVE: Seller offering a $10K closing cost credit! Keep your cash savings to customize this rock-solid home sold as-is. Features premium interior craftsmanship: solid wood doors, crown molding, and smooth ceilings. Kitchen boasts granite tops (under 10 yrs) solid red oak cabinets. Major exterior updates under 1-5 yrs old: new roof, high-efficiency windows, gutters, and exterior paint! Guest bath with walk-in shower. Other additions: primary en-suite has an upgraded metal tub with low-maintenance faux-marble. Outside, mature trees, enjoy a covered hip-roof deck primed for a future indoor/outdoor room expansion, a separate workspace with a new tin roof, and a large storage room perfect for a future home office or gym. The garage is currently a flexible studio room that can easily be restored to a standard garage. Primarily owner-occupied family neighborhood. No HOA. Location: IH35/Mopac minutes away, within 2 miles of The Domain, in Pflugerville ISD, close to Austin's tech employers and top amenities.

At $221/sqft, this home is 43% 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

2005 Elysian Fields None, Austin, TX 78727

Property Details

Price $398,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,809 sqft
Lot Size 0.16 acres (7,004.45 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Lamplight Village Sec 06
County Travis
Zip Code 78727
$/sqft $221/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,095.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225243684
List Date April 6, 2026
Elementary School Parmer Lane
Middle School Westview
High School John B Connally
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.

Schedule a Call →

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
9714 Copper Creek Dr
Anderson Mill Village South
$399,000 $185 3 bd / 3 ba 2,155 sqft , 2026-02-02
604 N Bluff Dr #146
Skybridge Lofts
$399,000 $215 3 bd / 3 ba 1,856 sqft , 2025-07-23
204 Chippendale Ave
Greenwood Hills Sec 02
$399,000 $334 3 bd / 1 ba 1,196 sqft , 2026-03-29
2612 San Pedro St #112
Treehouse Condominiums
$399,000 $321 3 bd / 2 ba 1,244 sqft , 2026-02-19
9511 Meadowheath Dr
Forest North Estates Ph 2
$399,000 $265 4 bd / 2 ba 1,504 sqft , 2026-01-31

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
$1,915/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
$79,780
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,177
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,126

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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