Active Listing  ·  36 days on market

2502 Greenlawn Pkwy

Austin, TX 78757
$2,099,990
5 Bed 4 Bath 3,033 sqft $692/sqft Built 2026 0.23 acres 2-Car Garage Pool New Construction Allandale Park Sec 01

Single-story living at its finest — welcome to 2502 Greenlawn Parkway, a striking new construction home by Rivendale Homes in the heart of one of Austin's most sought-after close-in neighborhoods.

This 3,033 sqft residence offers 5 bedrooms and 3.5 bathrooms across an open, flowing layout, anchored by dramatic vaulted 15-foot ceilings in the main living and kitchen areas. Walls of natural light and generous proportions create a home that feels expansive from the moment you enter — a rarity in single-story new construction at this scale.

The kitchen is the undeniable centerpiece, appointed with premium JennAir appliances, an oversized island, and a generous walk-in pantry. It opens seamlessly to the dining and living areas, where a statement fireplace and custom wood beams lend warmth and architectural character to the open plan — a space equally suited to quiet evenings at home and effortless entertaining.

The primary suite is spacious and private, with a bath featuring a recessed walk-in shower, soaking tub, dual vanities, and a large walk-in closet. 4 additional bedrooms are generously sized and served by well-appointed bathrooms, offering flexibility for family, guests, or a dedicated home office.

The backyard is designed as a genuine extension of the home. A covered rear porch opens to the pool, while a fully equipped outdoor kitchen makes al fresco dining and entertaining second nature during Austin's long warm seasons.

A spacious two-car garage, dedicated laundry room, and the meticulous attention to detail that has defined Rivendale Homes for more than 30 years complete the home.

Located in the heart of Allandale, you're within walking distance of Lamar Middle School and zoned to Gullett Elementary and McCallum High School. Neighborhood staples like HEB, Tacodeli, Phil's Icehouse, and Amy's Ice Cream are just minutes away — the convenience and established character that make Allandale one of Austin's most desirable places to call home.

At $692/sqft, this home is priced 77% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2502 Greenlawn Pkwy, Austin, TX 78757

Property Details

Price $2,099,990
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,033 sqft
Lot Size 0.23 acres (10,053.65 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Allandale Park Sec 01
County Travis
Zip Code 78757
$/sqft $692/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,104.13
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247953502
List Date October 7, 2026
Elementary School Gullett
Middle School Lamar (Austin ISD)
High School McCallum
School District Austin ISD

Austin ISD

Gullett · Lamar (Austin ISD) · McCallum

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
3309 Stardust Dr
Allandale Park Sec 04
$1,950,000 $695 5 bd / 4 ba 2,804 sqft , 2026-11-05
2701 Richcreek Rd
Allandale Park Sec 05
$1,949,000 $619 4 bd / 3 ba 3,149 sqft , 2026-09-22
3009 Silverleaf Dr
Allandale Park Sec 06
$2,300,000 $703 4 bd / 4 ba 3,274 sqft , 2026-09-24
7507 Hart Ln
Northwest Hills Northwest Oaks
$1,699,000 $553 5 bd / 5 ba 3,073 sqft , 2026-07-28
1804 Piedmont Ave
Crestview Add Sec 03
$1,499,000 $570 5 bd / 3 ba 2,628 sqft , 2026-08-17

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
$10,080/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
$419,998
20% conventional investment loan

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

Estimated Gross Rent+$10,080
Principal + Interest−$11,461
Property Tax (assumed ~2.1%)−$3,675
Insurance (assumed ~0.5%)−$875
Est. Monthly Cash Flow $-5,931

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 →

Neighborhood Context

About Allandale

Allandale is North Central Austin's original family neighborhood - platted in the 1950s and shaped by decades of homeowners who chose it for its tree-lined streets, strong schools, and community identity. Bounded roughly by 45th Street to the south, Koenig Lane to the north, MoPac to the west, and Burnet Road to the east, it occupies one of Austin's most convenient locations.

The housing stock is predominantly 1950s to 60s brick ranch homes - modest footprints on generous lots, many with mature live oaks that took 60 years to grow. Renovated Allandale homes command significant premiums, while original-condition homes represent some of the last attainable entry points in North Central Austin. New custom construction is an increasing presence as teardown economics make sense at these lot values.

🍽️
Burnet Road Corridor

Allandale's eastern edge is lined with some of Austin's best independent restaurants, coffee shops, and bars. Uchi, Violet Crown Cinema, Foreign & Domestic, Epoch Coffee - all within walking distance of many Allandale addresses.

🌳
Mature Tree Canopy

Sixty years of live oak growth creates a canopy that makes Allandale feel noticeably cooler and quieter than newer Austin neighborhoods. The trees are a defining asset - and an Austin Heritage Tree protection means they're here to stay.

🏫
McCallum High School

McCallum is one of Austin ISD's most respected high schools - known for its Fine Arts Academy (one of the top performing arts magnet programs in Texas) and strong academics. It's a major draw for families with high school-age children.

🚶
Walkable Errands

Allandale residents walk to coffee, restaurants, a hardware store, and neighborhood shops on a regular basis. It's not a walk-everywhere neighborhood, but the Burnet Road corridor makes daily errands genuinely walkable from the eastern half of the neighborhood.

Full Allandale Guide →

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 November 8, 2026.

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

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