Active Listing  ·  18 days on market

2901 FLEET Dr

Austin, TX 78748
$525,000
3 Bed 3 Bath 2,578 sqft $204/sqft Built 2005 0.18 acres 2-Car Garage Pool Bauerle Ranch

Discover an exceptional South Austin lifestyle in this beautifully updated residence, perfectly situated within the highly desirable Bauerle Ranch community. This property offers an immediate sense of arrival with soaring ceilings, abundant natural light, and elegant tile flooring throughout, creating a warm and inviting atmosphere. The spacious family room, anchored by a cozy fireplace, seamlessly flows into the open-concept kitchen, a true culinary haven featuring stainless steel appliances, ample cabinetry, a central island, and a generous walk-in pantry. A new roof, installed in 2024, ensures peace of mind for years to come. Upstairs, all bedrooms are thoughtfully arranged around a versatile second living area, ideal for a game room, media space, home office, or fitness area. Enjoy peaceful neighborhood views from the charming front balcony, a perfect spot for relaxation. The covered back patio and private backyard, shaded by mature trees, provide an idyllic setting for outdoor dining or morning coffee. This vibrant neighborhood is surrounded by scenic greenbelt trails and offers outstanding amenities, including a community pool, basketball court, and playground. Residents enjoy easy access to popular Menchaca entertainment, local breweries, coffee shops, and restaurants. Conveniently located approximately 10 miles from Downtown Austin and about 15 miles from Austin-Bergstrom International Airport, this home provides effortless access to major employers, shopping, and dining, all while preserving the tranquility and natural beauty that defines Bauerle Ranch. This move-in-ready property masterfully combines comfort, convenience, and an outstanding lifestyle in the heart of South Austin.

At $204/sqft, this home is 48% 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

2901 FLEET Dr, Austin, TX 78748

Property Details

Price $525,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,578 sqft
Lot Size 0.18 acres (7,801.6 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bauerle Ranch
County Travis
Zip Code 78748
$/sqft $204/sqft
Days on Market ,
HOA $49.5/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242408265
List Date August 6, 2026
Elementary School Kocurek
Middle School Bailey
High School Akins
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
3011 Wadsworth Way
Tanglewood Forest Sec 04 Ph C
$519,999 $236 3 bd / 3 ba 2,201 sqft , 2026-03-26
10712 Finsbury Dr
Bauerle Ranch
$515,000 $247 3 bd / 3 ba 2,086 sqft , 2026-06-10
10504 Beard Ave
Bauerle Ranch
$550,000 $225 4 bd / 3 ba 2,443 sqft , 2026-07-08
11228 Pickard Ln
Hillcrest Sec 02
$499,990 $151 4 bd / 3 ba 3,302 sqft , 2026-04-11
2612 Lynnbrook Dr
Bauerle Ranch
$497,400 $195 3 bd / 3 ba 2,554 sqft , 2026-04-10

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 · 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 August 9, 2026.

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