Active Listing  ·  27 days on market

3506 Colmenero Cir

Austin, TX 78741
$450,000
3 Bed 2 Bath 1,171 sqft $384/sqft Built 1968 0.21 acres 2-Car Garage Pool Santa Monica Park Sec 03

Charming, fully renovated single-story home nestled on a quiet cul-de-sac in an established Austin neighborhood, backing to a peaceful greenbelt. This beautifully updated home combines a functional layout with modern finishes and timeless appeal. Enjoy a brand-new kitchen and bathrooms, real hardwood floors, custom cabinetry, quartz countertops, and all-new windows, doors, and lighting throughout. Additional upgrades include fresh interior and exterior paint, a new wood deck, new garage doors, a new fence, and new exterior siding. Situated on a spacious lot, this move-in-ready home offers the perfect blend of comfort, style, and privacy.

At $384/sqft, this home is 2% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3506 Colmenero Cir, Austin, TX 78741

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,171 sqft
Lot Size 0.21 acres (9,195.52 sqft)
Year Built 1968
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Monica Park Sec 03
County Travis
Zip Code 78741
$/sqft $384/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,870.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250121047
List Date October 16, 2026
Elementary School Linder
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Linder · Lively · Travis

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
2507 Glen Springs Way
Greenbriar Sec 01
$469,900 $332 3 bd / 2 ba 1,416 sqft , 2026-08-05
3103 Matador Dr
Santa Monica Park Sec 02
$419,900 $282 4 bd / 2 ba 1,490 sqft , 2026-06-05
2703 Princeton Dr
Burleson Road Heights
$499,000 $399 3 bd / 2 ba 1,250 sqft , 2026-09-17
2017 Geniveive Ln
Edgewick Condo
$375,000 $258 3 bd / 3 ba 1,456 sqft , 2026-09-18
2004 Tripshaw Ln #73C
Edgewick Condo
$350,000 $249 2 bd / 3 ba 1,408 sqft , 2026-09-16

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (assumed ~2.1%)−$788
Insurance (assumed ~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 · 41 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. The written content was last updated on November 10, 2026.

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

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