Active Listing  ·  88 days on market

2851 Reunion Blvd

Austin, TX 78737
$799,999
3 Bed 3 Bath 3,087 sqft $259/sqft Built 2019 0.24 acres 2-Car Garage Pool Reunion Ranch Ph Three Sec Two

Located in the desirable Reunion Ranch community, this thoughtfully upgraded 3-bedroom + dedicated office, 3-bath home offers the rare combination of an Austin address with highly acclaimed Dripping Springs ISD schools — with a flex space that easily adapts as a fourth bedroom, guest room, or private work-from-home retreat. Set on a peaceful greenbelt lot, the home blends modern design with comfortable Hill Country living. Inside, soaring 14-foot ceilings and abundant natural light create an airy, open feel throughout the main living spaces. A dramatic Western aluminum sliding patio door opens to greenbelt views and seamlessly connects the living area to the extended patio and breakfast/sunroom, making it ideal for entertaining or quiet mornings at home. The living room also features a custom California Closets built-in media center, in-ceiling Sonos speakers, and updated modern light fixtures in both the foyer and living room. The kitchen flows effortlessly into the main living and dining areas. All bedrooms include window treatments for added comfort and privacy, and custom closet systems provide exceptional storage and organization throughout the home. Additional upgrades include an epoxy garage floor, EV-ready plug in the garage, and a whole-house surge protector for added convenience and peace of mind. Enjoy the tranquility of Reunion Ranch with easy access to Southwest Austin dining, shopping, and outdoor recreation, all while benefiting from the sought-after Dripping Springs school district.

At $259/sqft, this home is 34% 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

2851 Reunion Blvd, Austin, TX 78737

Property Details

Price $799,999
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 3,087 sqft
Lot Size 0.24 acres (10,497.96 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Reunion Ranch Ph Three Sec Two
County Hays
Zip Code 78737
$/sqft $259/sqft
Days on Market ,
HOA $241/Quarterly
Annual Tax Est. $19,053.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227988384
List Date May 8, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
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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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
17324 Cain Clearing Pass
Sweetwater Ranch Sec 2 Vlgs C
$799,999 $330 4 bd / 4 ba 2,423 sqft , 2026-03-18
321 Calistoga Ct
River Dance Ph 03
$799,999 $260 4 bd / 4 ba 3,075 sqft , 2026-07-05
15613 Echo Hills Dr
Avery Brookside Ph 02
$800,000 $241 4 bd / 4 ba 3,318 sqft , 2026-04-03
802 El Viejo Camino None
Lake Ridge Estates Sec 01
$800,000 $376 3 bd / 2 ba 2,128 sqft , 2026-06-25
10421 Hansa Dr
Hielscher Sec 07
$800,000 $294 4 bd / 3 ba 2,721 sqft , 2026-06-26

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
$3,840/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
$160,000
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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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