Active Listing  ·  153 days on market

23 Stone Terrace Dr

Austin, TX 78734
$472,500
3 Bed 3 Bath 2,332 sqft $203/sqft Built 2010 0.28 acres 2-Car Garage Pool Terrace At The Preserve Condom

Welcome to 23 Stone Terrace! This spacious 3-bedroom, 2.5-bath home offers 2,332 square feet resting on over a quarter acre. With highly sought-after Lake Travis schools, it combines comfort, style, and convenience.

The charming front porch is the perfect place to sip iced tea or relax with a good book. The HOA-maintained front yard makes everyday living easy. While the private back patio is the perfect place for a relaxing weekend breakfast.

Inside, soft natural light fills the open floor-plan. High ceilings, beautiful archways, and architectural ceiling details give the home character and charm. New flooring installed in 2025 brings a fresh, updated feel throughout.

The kitchen is truly the heart of the home. It features stone countertops, stainless steel appliances, a center island, a breakfast nook and access to the back patio. It opens easily to the living spaces, making it perfect for everything from quiet evenings at home to gathering with family and friends. A formal dining room, two living rooms, and a cozy fireplace create even more space to spread out and enjoy this home.

The spacious primary suite is a peaceful retreat at the end of the day. In addition to a large walk-in closet, it includes a separate nook that is perfect for a home office, reading corner, nursery, or yoga and exercise space.

At $203/sqft, this home is 48% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

23 Stone Terrace Dr, Austin, TX 78734

Property Details

Price $472,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,332 sqft
Lot Size 0.28 acres (12,305.7 sqft)
Year Built 2010
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Terrace At The Preserve Condom
County Travis
Zip Code 78734
$/sqft $203/sqft
Days on Market ,
HOA $150/Monthly
Annual Tax Est. $10,411.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227161680
List Date April 22, 2026
Elementary School Lakeway
Middle School Hudson Bend
High School Lake 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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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 · April 22, 2026 $519,000
Previous ask $475,000
Current ask $472,500
Reduced $46,500 (-9.0%) 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
15109 S Flamingo Dr S
Cardinal Hills Unit 03
$475,000 $207 3 bd / 3 ba 2,292 sqft , 2026-04-16
34 Cypress Knee Ln
Courtyard At Preserve Condo T
$475,000 $223 4 bd / 3 ba 2,133 sqft , 2026-06-15
15315 Origins Ln
Vistas At Lakeway Condo
$450,000 $210 3 bd / 3 ba 2,146 sqft , 2026-04-25
15204 Falcon Dr
Cardinal Hills Unit 01
$509,000 $272 4 bd / 2 ba 1,873 sqft , 2026-08-27
214 Darwins Way
Vistas at Lakeway
$549,000 $230 3 bd / 3 ba 2,388 sqft , 2026-09-07

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
$2,268/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
$94,500
20% conventional investment loan

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

Estimated Gross Rent+$2,268
Principal + Interest−$2,579
Property Tax (~2.1% TX avg)−$827
Insurance (~0.5%)−$197
Est. Monthly Cash Flow $-1,335

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 25, 2026.

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