Active Listing  ·  21 days on market

329 Mendocino Ln

Austin, TX 78737
$750,000
3 Bed 3 Bath 2,195 sqft $342/sqft Built 2017 0.17 acres 2-Car Garage Pool Belterra Sec 15

*The sellers have an assumable VA loan.* An extended covered patio with a gas-fueled outdoor fireplace capable of burning real hardwoods, a built-in outdoor kitchen, and a custom electric sun screen turn this Belterra home into a true indoor-outdoor retreat, tucked inside The Cove, the only gated section of Belterra. Set on a private greenbelt lot with no rear neighbors, this single-story home delivers quiet privacy. The property includes a protected, stacked, and seasoned wood pile. Inside, the open floor plan connects a spacious living room with wood-wrapped ceiling beams to a gourmet kitchen featuring double ovens, upgraded stainless appliances, soft-close drawers, a reverse-osmosis water system, and a full-home water softener. The primary suite features a spa-style, walk-in shower with tiled bench and a $30k California Closets system. Two additional bedrooms, one being used as a home office, provide flexible space. Engineered wood floors flow throughout, while a stone fireplace anchors the living room. For light control, the large living room picture windows feature three battery-powered, remote-controlled, and synchronized sun screens, with a single manually-operated sun screen in the dining area. Outdoors, the extended covered patio and built-in outdoor kitchen make year-round entertaining effortless, framed by wrought iron fencing and mature plantings. HOA-included lawn care for front and back yards—including mowing, mulching, and weed prevention—keeps upkeep simple. Life in The Cove means access to Belterra's resort-style community pool, pickleball, tennis, fitness center, and 17 miles of trails, all zoned to Dripping Springs ISD. Just 43 homes make up this gated enclave. This address puts shopping, dining, Austin, and Dripping Springs within easy reach. With a functional layout, high-end finishes, and true low-maintenance living, this Belterra home in 78737 delivers exactly what today's buyers are searching for.

At $342/sqft, this home is 13% 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

329 Mendocino Ln, Austin, TX 78737

Property Details

Price $750,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,195 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Belterra Sec 15
County Hays
Zip Code 78737
$/sqft $342/sqft
Days on Market ,
HOA $266/Monthly
Annual Tax Est. $8,894
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235691380
List Date July 14, 2026
Elementary School Rooster Springs
Middle School Sycamore Springs
High School Dripping Springs
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.

Schedule a Call →

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
5305 Ledesma Rd #1
0
$750,000 $313 4 bd / 4 ba 2,400 sqft , 2026-04-29
818 Stark St #A
Stark Add
$750,000 $271 3 bd / 3 ba 2,764 sqft , 2026-05-28
2905 E 5th St #A
2905 East 5th Condos
$750,000 $451 3 bd / 3 ba 1,664 sqft , 2026-06-19
3602 Serena Woods Ct
Serena Woods
$750,000 $413 4 bd / 2 ba 1,816 sqft , 2026-07-03
3917 Vaughan St
Mueller Sec Vii-C Sub Amd
$750,000 $382 3 bd / 3 ba 1,964 sqft , 2026-07-10

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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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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