About This Home

Entry welcomes with 12-foot ceiling. Home office with French doors off extended entry. Open kitchen offers corner walk-in pantry, a 5-burner gas cooktop, and inviting island with built-in seating space. Dining area flows into open family room with wall of windows. Secluded primary suite includes primary bath with dual vanities, a freestanding tub, separate glass-enclosed shower and two large walk-in closets. Abundant closet space throughout. Covered backyard patio. Mud room off three-car garage.

At $155/sqft, this home is 55% below the Lockhart active market average of $344/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

311 Melody Rd, Lockhart, TX 78644

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Property Details

Price $349,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,251 sqft

Lot Size 0.16 acres (6,791 sqft)

Year Built 2026

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Juniper Springs

County Caldwell

Zip Code 78644

$/sqft $155/sqft

Days on Market ,

HOA $800/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT227457757

List Date April 23, 2026

Elementary School Borchert Loop

Middle School Lockhart

High School Lockhart

School District Lockhart ISD

School District

Lockhart ISD

Borchert Loop · Lockhart · Lockhart

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Luke Allen (TREC #788149) has deep knowledge of Lockhart 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 · April 23, 2026 $459,900

Previous ask $355,900

Current ask $349,900

▼ Reduced $110,000 (-23.9%) 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 Lockhart

Comparable Listings Right Now

Homes currently for sale in Lockhart 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

3921 Wishing Well Dr
Juniper Springs $349,900 $145 4 bd / 3 ba 2,410 sqft , 2026-09-19

450 KOLBO CROSSING Cv
HARTLAND RANCH $336,800 $180 4 bd / 2 ba 1,870 sqft , 2026-06-23

306 Foxfire Cv
Juniper Springs $369,900 $169 4 bd / 2 ba 2,187 sqft , 2026-04-29

333 Melody Rd
Juniper Springs $324,900 $149 4 bd / 3 ba 2,180 sqft , 2026-09-19

314 Foxfire Cv
Juniper Springs $374,900 $148 4 bd / 3 ba 2,529 sqft , 2026-04-30

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

$1,680/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

$69,980

20% conventional investment loan

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

Estimated Gross Rent+$1,680

Principal + Interest−$1,910

Property Tax (assumed ~2.1%)−$612

Insurance (assumed ~0.5%)−$146

Est. Monthly Cash Flow $-988

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 Lockhart, TX

Lockhart 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

About the Author

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 9, 2026.

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

311 Melody Rd

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Lockhart, TX

More Luxury Homes in Lockhart

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