Active Listing  ·  132 days on market

3607 Latimer Dr

Austin, TX 78732
$500,000
4 Bed 2 Bath 1,680 sqft $298/sqft Built 1988 0.21 acres 2-Car Garage Pool Steiner Ranch Ph 01 Sec 01

Located in the highly sought-after Steiner Ranch community, this thoughtfully designed home blends comfort and functionality with a desirable mother-in-law style floor plan. Offering 3 dedicated bedrooms plus a versatile 4th flex space that can easily serve as a home office or additional bedroom, the layout provides flexible living options to suit a wide range of lifestyles.

The home has been beautifully refreshed with intentional upgrades throughout. In 2020, the kitchen was opened up to create a more seamless flow into the main living areas, enhancing both everyday living and entertaining. The remodeled kitchen features real walnut countertops and a custom coffee area that add warmth and character, complemented by updated appliances and new flooring installed throughout the home the same year. What was once a formal living area has also been enclosed to create a more functional flex room. Additional recent updates continue throughout the home, including floating shelves, fresh exterior paint, newly painted primary bathroom and trim throughout.

Natural light fills the inviting living spaces, while the backyard offers usability and privacy. The fully fenced yard backs to a wooded area with no neighbors directly behind. It’s an ideal setting for relaxing, entertaining, or simply enjoying the peaceful Hill Country surroundings.

Conveniently located near Lake Austin, scenic trails, parks, golf courses, shopping, and dining, and zoned to acclaimed Leander ISD, this is a unique opportunity in the heart of Steiner Ranch!

All information deemed reliable but not guaranteed; buyer and buyer's agent to verify all pertinent information, including but not limited to square footage, permits, schools, and property zoning.

At $298/sqft, this home is 24% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3607 Latimer Dr, Austin, TX 78732

Property Details

Price $500,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,680 sqft
Lot Size 0.21 acres (9,082.26 sqft)
Year Built 1988
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 01
County Travis
Zip Code 78732
$/sqft $298/sqft
Days on Market ,
HOA $490/Semi-Annually
Annual Tax Est. $9,157.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230085282
List Date May 14, 2026
Elementary School Steiner Ranch
Middle School Canyon Ridge
High School Vandegrift
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 →

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 · May 14, 2026 $535,000
Previous ask $505,000
Current ask $500,000
Reduced $35,000 (-6.5%) 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
3803 Caney Creek Rd
Steiner Ranch Ph 01 Sec 01
$522,500 $265 3 bd / 3 ba 1,972 sqft , 2026-09-01
2805 Centennial Olympic Park
Steiner Ranch Parkside
$525,000 $278 3 bd / 2 ba 1,890 sqft , 2026-08-22
3609 Latimer Dr
Steiner Ranch Ph 01 Sec 01
$549,900 $260 3 bd / 3 ba 2,115 sqft , 2026-07-30
2904 Centennial Olympic Park
Steiner Ranch Parkside
$550,000 $248 3 bd / 2 ba 2,216 sqft , 2026-07-23

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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 August 15, 2026.

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