Active Listing  ·  21 days on market

3440 Ribbon Reef Ln

Austin, TX 78728
$475,000
3 Bed 2 Bath 2,161 sqft $220/sqft Built 1999 0.22 acres 2-Car Garage Pool Jacks Pond Sec 03

Space, flexibility & a standout backyard come together in this updated single-story home on an approx. 0.224 acre lot in Austin's Jacks Pond community! Offering 3 bedrooms, 2 baths & 2,161 sq ft, the thoughtfully designed layout features open-concept living centered around a fireplace, plus a spacious kitchen with granite counters, a center island, stainless steel appliances, a gas range, abundant storage, a breakfast nook & a separate dining area. The generous primary suite includes a versatile den ideal for a home office, sitting area or private retreat, while a Murphy bed in one secondary bedroom adds flexible guest space. Recent improvements include a new walk-in shower in 2026, new flooring in all 3 bedrooms in 2025, and new windows in the primary bedroom, living room, dining area & kitchen in 2025. A new sliding glass door was added in 2022, with the roof replaced in 2021. Outside, the expansive backyard is made for entertaining with a built-in outdoor fireplace, grill area & plenty of room to customize. A separate side-yard space offers even more possibilities for a dog run, garden, gazebo, play area or above-ground pool. Additional highlights include a 2-car garage, automatic sprinkler system & high-speed internet availability. Enjoy a quiet neighborhood setting near the community park & pond, approx. 10 minutes to The Domain & 15 minutes to Apple's campus, with convenient access to major Austin employment, shopping, dining & entertainment.

At $220/sqft, this home is 44% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3440 Ribbon Reef Ln, Austin, TX 78728

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,161 sqft
Lot Size 0.22 acres (9,770.51 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Jacks Pond Sec 03
County Travis
Zip Code 78728
$/sqft $220/sqft
Days on Market ,
HOA $230/Annually
Annual Tax Est. $7,083.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245837896
List Date September 17, 2026
Elementary School Joe Lee Johnson
Middle School Deerpark
High School McNeil
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
2102 Taylor Simonetti Ave
Wells Branch Phs C Sec 1
$469,900 $261 4 bd / 2 ba 1,800 sqft , 2026-09-30
15810 Celosia St
Preston Park Sec 3
$467,000 $222 4 bd / 3 ba 2,103 sqft , 2026-07-22
3121 Lions Tail St
Preston Park Sec 1, Raceway
$483,000 $225 3 bd / 3 ba 2,143 sqft , 2026-09-25
15207 Natural Spring Way
Wells Branch Ph E Sec 03
$465,000 $220 4 bd / 3 ba 2,111 sqft , 2026-08-07
16000 Canberra Trl
Raceway Single Family Sub Sec
$485,000 $193 4 bd / 3 ba 2,507 sqft , 2026-06-09

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 September 28, 2026.

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