Active Listing  ·  23 days on market

3007 Locke Ln

Austin, TX 78704
$1,899,000
4 Bed 4 Bath 3,056 sqft $621/sqft Built 2026 0.19 acres 2-Car Garage Pool New Construction Garden Oaks Sec 02

Subtle curves juxtaposed against clean modern lines - designer lifestyle residence will resonate with your most discriminating buyers. There is a lot to love in this latest South Austin collab between North Arrow Studio + Pure Modern Homes. Light used as a foundational element, interior and exterior, creating subtle movement and nuance. Clustered Italian pendants that deliver a different experience and emotion from above or below in the soaring light well, or just a captivating glimmer from the street. Sophisticated lightning accents will delight and surprise, bringing to life a high volume or design element, changing the mood and experience of spaces throughout the house from day to night. Luxurious JennAir appliances, leathered countertops punctuate the specious chef's kitchen. Sheet black glass induction cooktop, custom walnut cabinetry, the texture and pop of the ET2 pendants. Thoughtful open concept layout lives much, much larger than its square footage. Wet bar features side by side Sub Zero wine bar and beverage center backset against the Vistosi Italian blown glass dining room fixture. Simple and impactful, layered elements of steel, light, wood, glass and stone. Lavish Rohl double master shower and soaking tub combo. Bold blue Concretti sinks, luxe gold Rohl faucets and on trend custom Blueprint Lighting fixtures punctuate the space. Private backyard oasis brings it all together around the posh urban poolscape. 3 waterfalls, custom Fireclay pool tile, raised pool wall morphs into stucco garden walls that continue to shape the space. 2nd story studio / flex space with a glass rail balcony overlooking the pool, generous full bath and closet for a range of possible uses. Luxury fixtures throughout - RBW, Rohl, Foscarini, VCA, ET2, Vistosi, Franke, Riobel, Graff, JennAir, Sub Zero - at a very approachable price point. Oversized 2 car garage, large private lot, tucked away in the heart of 78704 with easy access to all the best of both SoCo and SoLa

At $621/sqft, this home is priced 59% 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

3007 Locke Ln, Austin, TX 78704

Property Details

Price $1,899,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,056 sqft
Lot Size 0.19 acres (8,089.09 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Garden Oaks Sec 02
County Travis
Zip Code 78704
$/sqft $621/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $27,562.92
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239490812
List Date July 12, 2026
Elementary School Dawson
Middle School Lively
High School Travis
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.

Schedule a Call →

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
1910 Rue De St Tropez None #6
Enclave Villas Condo
$1,899,000 $602 3 bd / 3 ba 3,155 sqft , 2026-05-31
9310 Summer Sky Dr
Hill Country Ph 02-A
$1,899,000 $474 5 bd / 5 ba 4,003 sqft , 2026-06-17
1719 Spyglass Dr #1
Spyglass at Barton Creek
$1,899,999 $546 4 bd / 5 ba 3,483 sqft , 2026-02-06
44 East Ave #3707
44 East Ave Condos
$1,895,000 $951 3 bd / 3 ba 1,993 sqft , 2026-05-01
3105 Pleasant Run Pl
Woods Knoll Add
$1,895,000 $577 4 bd / 4 ba 3,282 sqft , 2026-06-20

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
$9,115/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
$379,800
20% conventional investment loan

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

Estimated Gross Rent+$9,115
Principal + Interest−$10,364
Property Tax (~2.1% TX avg)−$3,323
Insurance (~0.5%)−$791
Est. Monthly Cash Flow $-5,363

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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