Active Listing  ·  105 days on market

3204 Lyons Rd #1

Austin, TX 78702
$699,000
3 Bed 3 Bath 1,476 sqft $474/sqft Built 2026 0.19 acres 1-Car Garage Pool New Construction Delzell Sec 02

A bright, design-forward new build in the heart of Govalle, where clean lines, natural light, and a functional layout come together effortlessly. This 3-bedroom, 2.5-bath home is built for everyday living, with an open main level that flows seamlessly from living to dining to kitchen. The kitchen is outfitted with a full Bosch appliance suite including refrigerator, generous counter space, built in microwave, gas range complete with pot filler, blending form and function with ease. A mudroom off the garage, moody powder bath, and one-car garage with epoxy flooring add practicality without sacrificing style. Sliding doors open to a covered patio and fenced yard, creating an easy indoor-outdoor connection. Upstairs, the primary suite offers a private balcony, walk-in closet, and a warm, well-appointed bath with dual vanities and a walk-in shower. Two additional bedrooms share a dual-vanity bath, and a centrally located laundry room with included washer & dryer adds convenience. Minutes from Downtown and the airport, with Native Grocer, Sa-Ten, OMG Squee, and Austin Bouldering Project just a short stroll away.

At $474/sqft, this home is priced 21% 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

3204 Lyons Rd #1, Austin, TX 78702

Property Details

Price $699,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,476 sqft
Lot Size 0.19 acres (8,276.4 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Delzell Sec 02
County Travis
Zip Code 78702
$/sqft $474/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,953.63
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT226112658
List Date April 21, 2026
Elementary School Govalle
Middle School Martin
High School Eastside Early College
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.

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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
1708 Canterbury St #2
Riverside
$699,000 $635 2 bd / 3 ba 1,100 sqft , 2026-06-01
6805 Tulane Dr
University Hills Sec 03 Ph 01
$699,000 $426 4 bd / 2 ba 1,639 sqft , 2026-06-17
5214 Grover Ave
Walling Place
$699,000 $457 3 bd / 3 ba 1,531 sqft , 2026-06-17
4907 W Market Dr
Highland Village Sec 02 Pt 03
$699,000 $547 3 bd / 1 ba 1,278 sqft , 2026-06-22
360 Nueces St #1809
Residential Condo Amd 360
$699,000 $562 2 bd / 2 ba 1,244 sqft , 2026-06-26

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 (20% down · 7.25% rate)

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~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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