Active Listing  ·  8 days on market

3204 Lyons Rd #1

Austin, TX 78702
$650,000
3 Bed 3 Bath 1,476 sqft $440/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 stainless steel 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 $440/sqft, this home is priced 13% 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 $650,000
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 $440/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,953.63
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243599608
List Date August 15, 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
1002 Walter St
Rosewood Village Sec 8
$650,000 $558 3 bd / 2 ba 1,164 sqft , 2025-08-18
4604-2 Santa Anna St
Chernosky 07
$650,000 $439 3 bd / 3 ba 1,482 sqft , 2026-07-14
3116 Prado St #2 None
Govalle
$650,000 $677 2 bd / 2 ba 960 sqft , 2026-08-22
3103 Garwood St #2
Brass G M
$649,000 $480 3 bd / 3 ba 1,352 sqft , 2026-06-04
2710 E 3rd St
Anthony W B
$639,957 $476 3 bd / 3 ba 1,344 sqft , 2026-03-26

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 18, 2026.

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