Active Listing  ·  30 days on market

2950 LANTANA RIDGE Dr

Austin, TX 78732
$675,000
4 Bed 3 Bath 2,857 sqft $236/sqft Built 2000 0.20 acres 2.5-Car Garage Pool Steiner Ranch Ph 01 Sec 05B

This updated two-story Newmark home in Majestic Oaks is within walking distance of the elementary and middle schools, and the updating is already done.

Daily life centers on the main level. The primary suite is here, apart from the upstairs bedrooms, along with a private office for anyone working from home. The kitchen sits in the middle of it all, overlooking the family and dining areas, so whoever is cooking stays part of the conversation. The rooms take in plenty of natural light.

Upstairs gives everyone else room to spread out. There are three bedrooms, a loft-style game room that works as a second living space, and an upgraded bath with a walk-in shower.

The arbor-shaded deck is the place for a slow morning or an evening with friends. Past it, the backyard is oversized, with real room for a pool, a play area, or whatever you have in mind.

New paint, new flooring, granite counters, and updated lighting, hardware, and landscaping mean nothing is waiting on a project list. The KitchenAid appliances stay, including the refrigerator, washer, and dryer. An oversized 2.5-car garage and the attic handle storage. High end HVAC system with super efficient 18 SEERS2 rating was installed in September 2026. New Class III roof in November 2026

Beyond the front door is Steiner Ranch, 4,600 acres between Lake Travis and Lake Austin. The private Lake Club has a boat ramp and day dock, and miles of hike and bike trails connect seven parks. Two community centers, several pools, and tennis and pickleball courts are close by. The University of Texas Golf Club and Steiner Ranch Steakhouse are both inside the neighborhood, downtown Austin is about 30 minutes away, and homes are zoned to Leander ISD.

At $236/sqft, this home is 39% 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

2950 LANTANA RIDGE Dr, Austin, TX 78732

Property Details

Price $675,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,857 sqft
Lot Size 0.20 acres (8,755.56 sqft)
Year Built 2000
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 05B
County Travis
Zip Code 78732
$/sqft $236/sqft
Days on Market ,
HOA $604/Semi-Annually
Annual Tax Est. $11,445.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249720499
List Date October 13, 2026
Elementary School Laura Welch Bush
Middle School Canyon Ridge
High School Vandegrift
School District Leander ISD

Leander ISD

Laura Welch Bush · Canyon Ridge · Vandegrift

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
12909 Medina River Way
Steiner Ranch Ph 01 Sec 02-A
$675,000 $256 3 bd / 3 ba 2,633 sqft , 2026-10-01
3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$684,999 $263 4 bd / 3 ba 2,601 sqft , 2026-06-06
4104 Seldalia Trl
Steiner Ranch Ph 02 Sec 04D
$659,000 $228 4 bd / 3 ba 2,892 sqft , 2025-09-18
12816 Majestic Oaks Dr
Steiner Ranch Ph 01 Sec 05C
$699,000 $268 5 bd / 3 ba 2,612 sqft , 2026-07-06
3008 Burks Ln
Steiner Ranch
$699,000 $273 3 bd / 2 ba 2,563 sqft , 2026-10-08

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (assumed ~2.1%)−$1,181
Insurance (assumed ~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 · 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 10, 2026.

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

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