Active Listing  ·  35 days on market

3008 Burks Ln

Austin, TX 78732
$699,000
3 Bed 2 Bath 2,563 sqft $273/sqft Built 1997 0.21 acres 2-Car Garage Pool Steiner Ranch

Don’t miss this beautifully updated, large single-story home with a fabulous outdoor retreat in highly coveted Steiner Ranch! Tucked away on a tranquil cul-de-sac lot adorned with mature trees and backing to a picturesque greenbelt, this gorgeous home offers the perfect combination of peace and privacy. Step outside to a private, xeriscaped backyard oasis, complete with a covered patio, privacy fence, pergola, multiple seating areas, and sparkling pool. Inside, the open and airy floor plan boasts casual elegance, with an abundance of natural light flooding through large windows, complemented by high ceilings and fresh paint throughout. The chef’s kitchen offers ample storage space, built-in gas appliances, a farmhouse sink, a pantry, quartz countertops, and a custom backsplash, all while overlooking the family room and spectacular outdoor scenery. The spacious primary suite is a perfect retreat, featuring a spa-like bath with double vanities, an oversized walk-in glass shower with a built-in seat, and two large walk-in closets. This home also includes a formal dining room, a formal living room, and a separate study that can serve as a fourth bedroom. Paid-off solar panels offer added energy savings! As a resident of Steiner Ranch, you will have full access to a range of community amenities, including three community centers with pools, multiple parks, a dog park, playgrounds, tennis courts, 20 miles of hiking trails, and a waterfront Lake Club on pristine Lake Austin. Enjoy the serene Hill Country lifestyle while still being conveniently located near shops, restaurants, entertainment, and top-rated schools within the acclaimed Leander ISD. With quality craftsmanship at every turn, this beautiful home is vacant and move-in ready. Don’t miss this great opportunity—schedule a showing today!

At $273/sqft, this home is 30% 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

3008 Burks Ln, Austin, TX 78732

Property Details

Price $699,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,563 sqft
Lot Size 0.21 acres (9,056.12 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch
County Travis
Zip Code 78732
$/sqft $273/sqft
Days on Market ,
HOA $490/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249048159
List Date October 8, 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
3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$684,999 $263 4 bd / 3 ba 2,601 sqft , 2026-06-06
1308 Sawdust Ct
Steiner Ranch Ph 01 Sec 09
$679,000 $247 4 bd / 3 ba 2,750 sqft , 2026-08-24
12909 Medina River Way
Steiner Ranch Ph 01 Sec 02-A
$675,000 $256 3 bd / 3 ba 2,633 sqft , 2026-10-01
2950 LANTANA RIDGE Dr
Steiner Ranch Ph 01 Sec 05B
$675,000 $236 4 bd / 3 ba 2,857 sqft , 2026-10-13
4104 Seldalia Trl
Steiner Ranch Ph 02 Sec 04D
$659,000 $228 4 bd / 3 ba 2,892 sqft , 2025-09-18

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (assumed ~2.1%)−$1,223
Insurance (assumed ~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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 October 25, 2026.

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

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