Active Listing  ·  9 days on market

3007 Locke Ln

Austin, TX 78704
$1,799,000
4 Bed 4 Bath 3,056 sqft $589/sqft Built 2026 0.19 acres 2-Car Garage Pool New Construction Garden Oaks Sec 02

A rare expression of modern luxury in the heart of 78704, this exceptional South Austin residence pairs sculptural architecture with an exquisitely curated material palette. A collaboration between North Arrow Studio and Pure Modern Homes, the design is defined by subtle curves, crisp lines, dramatic volumes, and light as a central architectural element.

Soaring spaces are illuminated by Italian pendants and sophisticated architectural lighting, creating an atmosphere that transforms effortlessly from day to night. The open-concept interior lives far beyond its footprint, layering steel, walnut, glass, stone, and bespoke lighting throughout.

The chef’s kitchen is impeccably appointed with custom walnut cabinetry, leathered countertops, black-glass induction, and premium JennAir appliances. A refined wet bar features side-by-side Sub-Zero wine and beverage centers, complemented by a striking Vistosi Italian blown-glass fixture.

The primary suite evokes a private boutique hotel, with a sumptuous Rohl double shower and soaking tub, Concretti sinks, luxe gold fixtures, and custom Blueprint Lighting.

Outside, a private resort-style poolscape anchors the secluded grounds, with three waterfalls, custom Fireclay tile, and sculptural stucco garden walls. Upstairs, a versatile studio/flex space offers a glass-railed pool-view balcony, full bath, and generous closet.

An oversized two-car garage and private lot complete the offering. Quietly positioned in 78704, with effortless access to SoCo and SoLa, this is sophisticated urban living distinguished by architecture, craftsmanship, and uncompromising design.

At $589/sqft, this home is priced 50% above the Austin active market average of $392/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 $1,799,000
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 $589/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $29,165.05
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243097996
List Date August 15, 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
3813 Wilson St
Williamson Add Sec 2 & Resubs
$1,795,000 $576 4 bd / 3 ba 3,114 sqft , 2026-07-09
3112 Clawson Rd
THEODORE HEIGHTS
$1,775,000 $809 3 bd / 3 ba 2,194 sqft , 2026-05-28
3209 Clawson Rd
South Lamar
$1,750,000 $455 5 bd / 4 ba 3,844 sqft , 2026-02-18
2308 Forest Ave
La Prelle Place Resub
$1,750,000 $472 4 bd / 4 ba 3,706 sqft , 2026-04-09
1710 S 5th None #1
Bouldin Add North Ext
$1,750,000 $641 4 bd / 5 ba 2,732 sqft , 2026-08-10

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
$8,635/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
$359,800
20% conventional investment loan

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

Estimated Gross Rent+$8,635
Principal + Interest−$9,818
Property Tax (~2.1% TX avg)−$3,148
Insurance (~0.5%)−$750
Est. Monthly Cash Flow $-5,081

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 23, 2026.

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