About This Home

This 4 bedroom, 3 bathroom, 2 car garage is located on an interior lot in Steiner Ranch with mature shade trees and is within a few miles to all amenities! It features 3 living room areas, 2 dining rooms, kitchen is open to a dining and living room with a wood burning fireplace overlooking the backyard with an inground pool and spa. The hall bathroom upstairs has double vanities and the primary bedroom features a walk in closet, double vanities, separate tub and shower. Schedule a showing today!

At $237/sqft, this home is 40% 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

2845 Lantana Ridge Dr, Austin, TX 78732

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Property Details

Price $664,900

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 2,802 sqft

Lot Size 0.18 acres (7,871.29 sqft)

Year Built 1999

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Steiner Ranch Ph 01 Sec 05A

County Travis

Zip Code 78732

$/sqft $237/sqft

Days on Market ,

HOA $444/Semi-Annually

Annual Tax Est. $12,029.11

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT241802451

List Date August 1, 2026

Elementary School Laura Welch Bush

Middle School Canyon Ridge

High School Vandegrift

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 · August 1, 2026 $636,900

Previous ask $674,900

Current ask $664,900

▲ Increased $28,000 (+4.4%) 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

2409 Golden Gate Park
Steiner Ranch Parkside $665,000 $253 3 bd / 3 ba 2,627 sqft , 2026-04-24

4104 Seldalia Trl
Steiner Ranch Ph 02 Sec 04D $659,000 $228 4 bd / 3 ba 2,892 sqft , 2025-09-18

3411 Latimer Dr
Steiner Ranch Ph 01 Sec 01 $650,000 $257 3 bd / 3 ba 2,529 sqft , 2026-09-11

12935 Brigham Dr
Steiner Ranch Ph 01 Sec 04E $649,500 $222 4 bd / 3 ba 2,920 sqft , 2026-06-02

3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B $694,999 $267 4 bd / 3 ba 2,601 sqft , 2026-06-06

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

$3,192/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

$132,980

20% conventional investment loan

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

Estimated Gross Rent+$3,192

Principal + Interest−$3,629

Property Tax (~2.1% TX avg)−$1,164

Insurance (~0.5%)−$277

Est. Monthly Cash Flow $-1,878

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 17, 2026.

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

2845 Lantana Ridge Dr