Active Listing  ·  67 days on market

3508 Lyons Rd

Austin, TX 78702
$1,149,000
4 Bed 4 Bath 2,330 sqft $493/sqft Built 2021 0.08 acres 1-Car Garage Pool Siegmund Add Sec 03

Thoughtfully designed with modern style and timeless finishes, this stunning 4-bedroom, 4-bath residence offers the perfect blend of luxury, functionality, and indoor-outdoor living. Situated on a desirable corner lot, the home showcases a bright, open-concept floor plan with wide-plank hardwood floors, soaring ceilings, designer lighting, and abundant natural light throughout.

The heart of the home is a chef-inspired kitchen featuring sleek custom cabinetry, quartz countertops, stainless steel appliances, a waterfall island with bar seating, and contemporary finishes that seamlessly flow into the spacious living and dining areas—creating an ideal setting for both everyday living and effortless entertaining. Expansive windows and glass doors bring the outdoors in while overlooking the private backyard.

Retreat to the luxurious primary suite, where a private balcony offers the perfect place to enjoy your morning coffee or unwind in the evening. The spa-inspired ensuite bath and generous walk-in closet complete this tranquil escape. Upstairs, a sprawling loft provides exceptional flexibility as a second living area, media room, home office, or play space. Three additional bedrooms and well-appointed bathrooms offer plenty of room for family and guests.

Step outside to your own backyard oasis featuring a spacious yard and a refreshing cowboy pool—perfect for cooling off on warm Texas days or entertaining friends year-round. With its corner-lot setting and beautifully landscaped outdoor space, this home offers the ideal balance of privacy and functionality.

Located in one of East Austin's most vibrant and rapidly growing neighborhoods, 3508 Lyons Rd places you just minutes from Downtown Austin, Mueller, the East MLK corridor, Springdale Green, Govalle Park, Lady Bird Lake, and countless local restaurants, breweries, coffee shops, and entertainment destinations.

At $493/sqft, this home is priced 26% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3508 Lyons Rd, Austin, TX 78702

Property Details

Price $1,149,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,330 sqft
Lot Size 0.08 acres (3,545.78 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Siegmund Add Sec 03
County Travis
Zip Code 78702
$/sqft $493/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,958
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240204212
List Date July 17, 2026
Elementary School Govalle
Middle School Kealing
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 17, 2026 $1,299,000
Previous ask $1,250,000
Current ask $1,149,000
Reduced $150,000 (-11.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2816 Garwood St #1
Chernosky Sub #11
$1,145,000 $495 4 bd / 4 ba 2,313 sqft , 2026-08-21
2004 Pennsylvania Ave #A
2004 Pennsylvania Site Condos
$1,140,000 $464 5 bd / 3 ba 2,458 sqft , 2026-09-01
2501 E 9th St
Grandview Place
$1,100,000 $428 4 bd / 3 ba 2,572 sqft , 2026-09-09
3101.5 Neal St
OLT 38&43 DIV A BURATTI & CHERICO
$1,100,000 $433 4 bd / 4 ba 2,538 sqft , 2026-09-09
752 Pedernales St
Lincoln Place
$1,099,000 $538 3 bd / 3 ba 2,041 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
$5,515/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
$229,800
20% conventional investment loan

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

Estimated Gross Rent+$5,515
Principal + Interest−$6,271
Property Tax (~2.1% TX avg)−$2,011
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,246

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 September 19, 2026.

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