Active Listing  ·  203 days on market

365 Pear Tree Ln

Austin, TX 78737
$875,000
5 Bed 5 Bath 3,649 sqft $240/sqft Built 2023 0.26 acres 3-Car Garage Pool Parten

MOTIVATED SELLER! Buyer's incentive package offered. This home offers more than $100,000 in thoughtfully selected, high-end finishes and custom upgrades already in place. Your buyers can enjoy the quality, style and move-in-ready convenience they want—without the added expense, construction delays or decisions that come with building new.

Discover the perfect blend of luxury and convenience in this "better than new" residence in the sought-after Parten community. At 3,649 sq. ft., this gorgeous home features a spacious, open floorplan with soaring ceilings and abundant natural light.

There are 5 bedrooms total, including 2 bedroom suites on the main floor. The primary retreat has a spa-like bathroom with soaking tub and custom closet. The focal point of the living room is the fireplace, which was designed by a local craftsman and is truly one of kind with it's herringbone design from mantel to ceiling. The kitchen features a large central island, walk-in pantry, built-in speakers, and a pass through to the dining room. The dedicated home office has thoughtfully designed bookshelves and desk with drawers and cabinets. The laundry room is also located on the main floor with ample storage and counter space.

Smart Home improvements include motorized UV-blocking window shades in common areas and black-out shades in bedrooms, Lutron light switches and dimmers, hard-wired Ring camera, Schlage Wi-Fi front door lock, and thermostat. Additional improvements include custom ceiling fans, light fixtures, matte black fixtures and faucets, and epoxy-coated garage floor. Wall covering in media room can be removed prior to closing. Touch up paint included!

Situated on a corner lot, the property offers a fully fenced, landscaped backyard that backs to greenbelt. Parten residents also have access to the community swimming pool, playground, clubhouse, and miles of hike and bike trails. Close to schools and easy access to Downtown Austin!

At $240/sqft, this home is 38% 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

365 Pear Tree Ln, Austin, TX 78737

Property Details

Price $875,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,649 sqft
Lot Size 0.26 acres (11,499.84 sqft)
Year Built 2023
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten
County Hays
Zip Code 78737
$/sqft $240/sqft
Days on Market ,
HOA $225/Quarterly
Annual Tax Est. $20,228.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227470408
List Date April 23, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress Springs · Sycamore Springs · Dripping Springs

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 · April 23, 2026 $975,000
Previous ask $899,900
Current ask $875,000
▼ Reduced $100,000 (-10.3%) 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
229 Fireside Rd
Parten Ranch Ph 5
$879,000 $292 4 bd / 4 ba 3,008 sqft , 2026-10-25
649 Leaning Rock Rdg
Parten
$899,900 $312 4 bd / 4 ba 2,885 sqft , 2026-08-11
651 Bird Holw
Parten Ranch
$899,900 $289 4 bd / 4 ba 3,112 sqft , 2026-08-11
461 Leaning Rock Rdg
Parten
$909,000 $295 4 bd / 5 ba 3,080 sqft , 2026-09-30
586 Two Creeks Ln
Parten Ranch Ph 2B
$839,900 $279 4 bd / 4 ba 3,008 sqft , 2026-09-03

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (assumed ~2.1%)−$1,531
Insurance (assumed ~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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 6, 2026.

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

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