Active Listing  ·  53 days on market

3705 Manorwood Rd

Austin, TX 78723
$398,000
2 Bed 1 Bath 829 sqft $480/sqft Built 1952 0.16 acres 1-Car Garage Pool Manor Hill

New Central A/C system installed July 2026. Nestled next door to Austin's vibrant Mueller community, this charming 2-bedroom, 1-bathroom property offers a perfect blend of comfort, character, and convenience. Just steps from Oddwood Brewing, Batch Kolaches, and Mueller master development. This home features custom kitchen cabinetry, wood flooring, NEW (As of July 2026) central HVAC, a 1 car garage, designer finishes including lighting, hardware and bathroom. Step into a welcoming atmosphere with cozy interiors that exude warmth and charm. The gigantic backyard is a blank canvas waiting for your creative touch or additional dwelling as there's room to build. The yard is also perfect for gardening, entertaining, or simply enjoying the Texas sunshine. Easy access to major highways, making your daily commute a breeze.

At $480/sqft, this home is priced 23% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3705 Manorwood Rd, Austin, TX 78723

Property Details

Price $398,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 829 sqft
Lot Size 0.16 acres (6,838.92 sqft)
Year Built 1952
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Manor Hill
County Travis
Zip Code 78723
$/sqft $480/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235935357
List Date June 12, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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 · June 12, 2026 $420,000
Previous ask $406,000
Current ask $398,000
Reduced $22,000 (-5.2%) 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
5710 Boulder Crk
Las Cimas Sec 02
$397,500 $357 3 bd / 2 ba 1,112 sqft , 2026-07-22
3110 Red River St #C-402
Sterling Crest Condo Am
$399,000 $421 2 bd / 2 ba 947 sqft , 2026-05-05
1701 Simond Ave #612
Parkside/Mueller Condos
$399,000 $459 1 bd / 1 ba 870 sqft , 2026-05-12
4704 Sunset Trl #1201
Grange Condominiums
$399,000 $372 2 bd / 2 ba 1,073 sqft , 2026-05-22
1900 Barton Springs Rd #5009
Zilkr on the Park Condos
$399,000 $450 1 bd / 1 ba 887 sqft , 2026-05-29

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
$1,910/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
$79,600
20% conventional investment loan

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

Estimated Gross Rent+$1,910
Principal + Interest−$2,172
Property Tax (~2.1% TX avg)−$697
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,125

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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