Active Listing  ·  9 days on market

2207 Palmera Cv

Austin, TX 78744
$319,000
3 Bed 1 Bath 1,176 sqft $271/sqft Built 1971 0.17 acres 1-Car Garage Pool Peppertree Park Sec 01

Well-positioned in southeast Austin and located in a cul-de-sac for added desirability, this 3-bedroom home offers a convenient location with easy access to Austin-Bergstrom International Airport, McKinney Falls State Park, major roadways, and everyday amenities. Inside, vinyl flooring extends throughout the home, complemented by an updated kitchen with granite countertops, ample storage and reverse osmosis system at the kitchen sink. The one-car garage adds additional value and convenience and is complete with storage closet. A huge backyard complete with spacious deck and perimeter fencing for privacy offers endless opportunities for landscaping and is the perfect space to play, relax and entertain family and friends. With its desirable location and low-maintenance finishes combined with a practical, functional layout. this home offers an inviting opportunity for comfortable Austin living.

At $271/sqft, this home is 31% 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

2207 Palmera Cv, Austin, TX 78744

Property Details

Price $319,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,176 sqft
Lot Size 0.17 acres (7,309.37 sqft)
Year Built 1971
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Peppertree Park Sec 01
County Travis
Zip Code 78744
$/sqft $271/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,307.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246417764
List Date October 15, 2026
Elementary School Houston
Middle School Mendez
High School Travis
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
5700 Limerock Holw
Village Square
$330,000 $260 3 bd / 2 ba 1,269 sqft , 2026-08-29
5307 Village Trl
Village South Ph 01
$339,000 $232 4 bd / 2 ba 1,460 sqft , 2026-09-18
5007 Fort Clark Dr
Park At Battle Bend Amd
$290,000 $235 3 bd / 2 ba 1,235 sqft , 2026-05-26
5436 Juniper Junction Ln #83
Arbor Ridge Condo Amd
$289,500 $196 3 bd / 3 ba 1,479 sqft , 2026-09-03
407 Tamworth Ave
Greenwood Hills Sec 04
$349,999 $366 3 bd / 2 ba 956 sqft , 2026-09-28

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
$1,531/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
$63,800
20% conventional investment loan

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

Estimated Gross Rent+$1,531
Principal + Interest−$1,741
Property Tax (~2.1% TX avg)−$558
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-901

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 October 20, 2026.

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