Active Listing  ·  180 days on market

2214 Gardenia Dr

Austin, TX 78727
$750,000
4 Bed 2 Bath 1,152 sqft $651/sqft Built 1977 0.65 acres Pool Kings Village Sec 02 Pt 01

Unique owner-occupant or investment opportunity! This 4-bedroom, 2-bath residence sits on a 0.65-acre lot with CS – Commercial Services (General Commercial) zoning, offering rare flexibility for residential, office, or live/work use (buyer to verify). This single-story building was renovated in 2019 and is well maintained.

Enjoy superior access to I-35, Mopac, and TX-45, a large laydown yard with room to expand, storage shed, and ample parking with approximately 40 spaces. With low FAR and exceptional accessibility, this property is ideal for an owner-user or investor seeking a versatile, multi-use asset. Do not miss this opportunity!

At $651/sqft, this home is priced 66% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2214 Gardenia Dr, Austin, TX 78727

Property Details

Price $750,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,152 sqft
Lot Size 0.65 acres (28,314 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Kings Village Sec 02 Pt 01
County Travis
Zip Code 78727
$/sqft $651/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,320
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218518136
List Date February 5, 2026
Elementary School Wells Branch
Middle School Deerpark
High School McNeil
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
2605 S 2nd St #2
2605 South 2nd Street Condominiums
$749,000 $580 3 bd / 4 ba 1,292 sqft , 2026-06-25
1701 Simond Ave #327
Parkside/Mueller Condos
$749,000 $554 3 bd / 2 ba 1,352 sqft , 2026-06-29
15608 CHECOTAH Dr
Travis Landing 02 Ph 05
$759,000 $511 3 bd / 2 ba 1,484 sqft , 2025-02-04
4413 Banister Ln #BLDG 1 - UNIT 101
Banister Acres
$725,000 $502 3 bd / 4 ba 1,443 sqft , 2025-10-29
3604 Wilson St
Cherry Hills
$725,000 $539 3 bd / 2 ba 1,344 sqft , 2026-05-31

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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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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