Active Listing  ·  29 days on market

2307 Blue Meadow Dr

Austin, TX 78744
$247,990
3 Bed 2 Bath 1,064 sqft $233/sqft Built 1996 0.13 acres Pool South Creek South Sec 02 Amd

Welcome to this beautifully updated 3-bedroom, 2-bath home in South Austin! Recent improvements include new kitchen cabinets, new appliances, fresh interior paint, updated bathroom vanities, and a brand-new HVAC system. The home features a bright kitchen with plenty of natural light, spacious bedrooms, and a beautifully updated bathrooms with a walk-in showers.

Enjoy the large, fully fenced backyard that backs up to a neighborhood park, offering a great space for relaxing, entertaining, or outdoor activities. Conveniently located just minutes from Downtown Austin, Austin-Bergstrom International Airport, shopping, dining, and major highways. A great opportunity to own a move-in-ready home in a great Austin location!

At $233/sqft, this home is 40% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2307 Blue Meadow Dr, Austin, TX 78744

Property Details

Price $247,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,064 sqft
Lot Size 0.13 acres (5,867.53 sqft)
Year Built 1996
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision South Creek South Sec 02 Amd
County Travis
Zip Code 78744
$/sqft $233/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,392.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249430893
List Date October 14, 2026
Elementary School Langford
Middle School Mendez
High School Akins
School District Austin ISD

Austin ISD

Langford · Mendez · Akins

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
4407 Dovewood Dr
Dove Spgs Sec 02 Ph 02
$252,000 $259 3 bd / 2 ba 974 sqft , 2026-05-08
4902 Avalon Ave
Nuckles Crossing Sec 01
$230,000 $258 3 bd / 2 ba 890 sqft , 2026-09-25
4815 Quicksilver Blvd
Silverstone Phs 1 Sec 2
$280,000 $260 3 bd / 2 ba 1,078 sqft , 2026-07-07
4913 Misty Slope Ln
Greenslopes Ph 01
$214,000 $158 3 bd / 2 ba 1,352 sqft , 2026-08-19
7051 Meadow Lake Blvd #10103
Persimmon Point
$206,000 $169 3 bd / 3 ba 1,221 sqft , 2026-02-06

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
$1,190/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$49,598
20% conventional investment loan

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

Estimated Gross Rent+$1,190
Principal + Interest−$1,353
Property Tax (assumed ~2.1%)−$434
Insurance (assumed ~0.5%)−$103
Est. Monthly Cash Flow $-700

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 · 41 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. The written content was last updated on October 16, 2026.

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

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