Active Listing  ·  144 days on market

2921 Lyons Rd #1

Austin, TX 78702
$940,000
3 Bed 3 Bath 1,871 sqft $502/sqft Built 2022 0.08 acres 1-Car Garage Pool Chernosky 14

This thoughtfully designed modern home was built by Eastside Construction Company in 2022. Technically a condo but lives like single family with no shared walls, private fenced yard, carport & garage! Once inside, you step into the large living space with open floor plan and high ceilings. The gorgeous kitchen is a chef's dream with abundant cabinets and counter space. The designated dining space is right off the kitchen and offers perfect entertaining opportunity. The large primary bedroom has a spacious vaulted ceiling & private terrace. All bedrooms are upstairs with ceiling fans, recessed lighting & walk-in closets. The home has two covered tandem parking spaces, one in the garage and the second in the attached carport.

At $502/sqft, this home is priced 28% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2921 Lyons Rd #1, Austin, TX 78702

Property Details

Price $940,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,871 sqft
Lot Size 0.08 acres (3,375.9 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 14
County Travis
Zip Code 78702
$/sqft $502/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,361.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221962881
List Date March 13, 2026
Elementary School Govalle
Middle School Martin
High School Eastside Early College
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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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 13, 2026 $1,025,000
Previous ask $995,000
Current ask $940,000
Reduced $85,000 (-8.3%) 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
2404 Comburg Castle Way
Castlewood Forest Sec 07
$939,000 $523 3 bd / 2 ba 1,794 sqft , 2026-07-31
9608 Streamside Dr
Hill Country Ph 02-A
$935,000 $416 4 bd / 3 ba 2,246 sqft , 2026-06-23
10603 Valley Vista Rd
Cedar Valley
$950,000 $414 3 bd / 3 ba 2,295 sqft , 2026-04-10
708 W Elizabeth St
South Heights
$950,000 $568 3 bd / 2 ba 1,674 sqft , 2026-04-29
9803 Ribelin Ranch Ct #19
VUE at 2222
$950,000 $399 4 bd / 4 ba 2,378 sqft , 2026-06-12

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
$4,512/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
$188,000
20% conventional investment loan

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

Estimated Gross Rent+$4,512
Principal + Interest−$5,130
Property Tax (~2.1% TX avg)−$1,645
Insurance (~0.5%)−$392
Est. Monthly Cash Flow $-2,655

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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