About This Home

This home is under construction and you can still select your interior finishes! This price is all inclusive and includes an outdoor storage shed, an extended rear patio, decorative beam in the primary, and an enhanced lighting package. This is the best available lot in Drew Lane.

This isn't just a house; it’s a lock-and-leave lifestyle in Drew Lane—Ash Creek Homes' exclusive, 28-home boutique community.

At $351/sqft, this home is 10% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2420 Drew Lane None #5, Austin, TX 78748

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Property Details

Price $411,900

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,173 sqft

Lot Size 0.25 acres (10,890 sqft)

Year Built 2026

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Drew Lane

County Travis

Zip Code 78748

$/sqft $351/sqft

Days on Market ,

HOA $98/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT221650669

List Date March 6, 2026

Elementary School Kocurek

Middle School Bailey

High School Akins

School District ,

Have Questions About This Property?

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 · March 6, 2026 $425,900

Previous ask $399,500

Current ask $411,900

▼ Reduced $14,000 (-3.3%) 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

9505 Doliver Dr
Tanglewood Forest Sec 01 $415,000 $278 3 bd / 2 ba 1,494 sqft , 2026-07-22

9021 Kimono Ridge Dr
Laurelwood Estates $400,000 $260 3 bd / 3 ba 1,537 sqft , 2026-07-23

10310 Menchaca Rd
Ford Oaks Annex $399,000 $317 2 bd / 2 ba 1,258 sqft , 2026-09-18

2505 Riddle Rd
Ford Oaks Annex $425,000 $466 2 bd / 1 ba 912 sqft , 2026-07-21

9616 Holly Springs Dr
Tanglewood Forest Sec 02 Ph D $390,000 $332 3 bd / 2 ba 1,174 sqft , 2026-06-04

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

$1,977/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

$82,380

20% conventional investment loan

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

Estimated Gross Rent+$1,977

Principal + Interest−$2,248

Property Tax (~2.1% TX avg)−$721

Insurance (~0.5%)−$172

Est. Monthly Cash Flow $-1,164

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

About the Author

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 September 21, 2026.

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

2420 Drew Lane None #5