About This Home

Great house in a small hidden away section of Steiner Ranch. Million dollar houses all around. Huge Primary bedroom, Giant 3 car garage, lots of fresh updates, Including Kitchen, Bathrooms, New Carpet (2026), Wood Floors, Granite, Stainless, 8 Person Spa, Windows. Roof, Water Heater, Both A/C units were replaced about 8 years ago. Over Sized Pool was built pre-covid (2017). It's just a great house! AGENT/OWNER

At $278/sqft, this home is 29% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3224 Summer Canyon Dr, Austin, TX 78732

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Property Details

Price $975,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 3,512 sqft

Lot Size 0.24 acres (10,484.89 sqft)

Year Built 2002

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Steiner Ranch Ph 02 Sec 05

County Travis

Zip Code 78732

$/sqft $278/sqft

Days on Market ,

HOA $603.48/Semi-Annually

Annual Tax Est. $14,291.76

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240397067

List Date July 18, 2026

Elementary School Steiner Ranch

Middle School Canyon Ridge

High School Vandegrift

School District ,

Have Questions About This Property?

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

905 CRESTONE STREAM Dr
Serene Hills Sub Ph 2E; LAKEWAY $975,000 $271 4 bd / 5 ba 3,603 sqft , 2026-03-01

3012 S 4th St #B
GROVE CONDO AMD $975,000 $359 4 bd / 3 ba 2,713 sqft , 2026-05-07

13000 Titus Ct
Steiner Ranch $975,000 $270 5 bd / 4 ba 3,612 sqft , 2026-05-20

8703 Bluegrass Dr
Great Hills 14-A $975,000 $302 4 bd / 4 ba 3,225 sqft , 2026-07-02

6405 Nusser Ln
Hielscher Sec 04 $975,000 $371 4 bd / 3 ba 2,631 sqft , 2026-07-24

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

$4,680/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

$195,000

20% conventional investment loan

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

Estimated Gross Rent+$4,680

Principal + Interest−$5,321

Property Tax (~2.1% TX avg)−$1,706

Insurance (~0.5%)−$406

Est. Monthly Cash Flow $-2,753

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

3224 Summer Canyon Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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