Active Listing  ·  14 days on market

3700 Tower View Ct

Austin, TX 78723
$1,075,000
4 Bed 4 Bath 2,352 sqft $457/sqft Built 2018 0.20 acres Pool Manor Hill

Discover a one-of-a-kind property featuring two custom-built homes on a tree-shaded 1/5-acre lot in a quiet Central East Austin neighborhood near Mueller. This versatile property offers exceptional flexibility for homeowners and investors alike.

The 1,764 SF main home features an open floor plan, soaring ceilings, a custom floor-to-ceiling library with rolling ladder, and a kitchen with quartz countertops, tons of storage and natural light. The spacious primary suite boasts an oversized walk-in closet with built-in wardrobe storage. Upstairs are two additional bedrooms, including one with raised ceilings. An attached carport with EV fast charging, that could easily be converted to a garage. The separate 588 SF guest house features impressive high ceilings, a fully equipped kitchen, and a furnished interior. Operating successfully as a short-term rental since 2020, it offers established income potential, guest accommodations, or a private workspace. Enjoy a shaded backyard beneath mature trees, garden beds, with easy access to parks, trails, pools, and the neighborhood pubs and restaurants along Manor Road. Approximately 7 minutes to UT, 10 minutes to downtown, and 16 minutes to Austin-Bergstrom International Airport.

At $457/sqft, this home is priced 17% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3700 Tower View Ct, Austin, TX 78723

Property Details

Price $1,075,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,352 sqft
Lot Size 0.20 acres (8,703.29 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Manor Hill
County Travis
Zip Code 78723
$/sqft $457/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,604
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251222191
List Date October 29, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

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
2603 E 14th St
Glenwood Add
$1,050,000 $556 3 bd / 4 ba 1,888 sqft , 2026-10-23
1801 Perez St
Chernosky
$1,100,000 $418 5 bd / 4 ba 2,634 sqft , 2026-11-02
1902 Greenwood Ave #2
Manor Road Add
$1,100,000 $443 4 bd / 4 ba 2,481 sqft , 2026-11-05
1606 Cedar Ave #A
Glenwood Add
$1,149,000 $589 4 bd / 4 ba 1,950 sqft , 2026-08-14
1908 Maple Ave
Washington
$1,150,000 $498 4 bd / 3 ba 2,310 sqft , 2026-07-21

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
$5,160/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
$215,000
20% conventional investment loan

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

Estimated Gross Rent+$5,160
Principal + Interest−$5,867
Property Tax (assumed ~2.1%)−$1,881
Insurance (assumed ~0.5%)−$448
Est. Monthly Cash Flow $-3,036

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 8, 2026.

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

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