Active Listing  ·  161 days on market

3706 Canaan Matthew Dr

Austin, TX 78725
$273,990
3 Bed 2 Bath 1,514 sqft $181/sqft Built 2020 0.12 acres 2-Car Garage Pool Austin Colony

This single-story home, built in 2020, is truly move-in ready and offers comfortable, efficient living in one of East Austin's fastest-growing corridors.

Offering 3 bedrooms, 2 bathrooms, and approximately 1,514 square feet, the home features an open-concept layout designed for both everyday living and easy entertaining. Durable wood-look flooring runs throughout the main areas, seamlessly connecting the kitchen, dining, and living spaces.

The spacious primary suite is privately positioned for comfort, while the secondary bedrooms provide flexibility for guests, a home office, or future needs. A dedicated laundry room and two-car garage add to the home’s functionality.

Step outside to a fully fenced backyard with plenty of space for pets, gatherings, or future customization.

Conveniently located just minutes from Tesla, Austin-Bergstrom International Airport, Downtown Austin, and major highways, this home offers exceptional accessibility while maintaining the feel of a quiet neighborhood.

Whether you’re searching for a primary residence or a long-term investment in a high-growth area, this is a strong opportunity in today’s market.

At $181/sqft, this home is 54% 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

3706 Canaan Matthew Dr, Austin, TX 78725

Property Details

Price $273,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,514 sqft
Lot Size 0.12 acres (5,174.93 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Colony
County Travis
Zip Code 78725
$/sqft $181/sqft
Days on Market ,
HOA $25/Monthly
Annual Tax Est. $5,500.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221545133
List Date March 6, 2026
Elementary School Gilbert
Middle School Del Valle
High School Del Valle
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 →

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
15001 Arizona Oak Ln
Forest Bluff Sec 02
$274,900 $220 4 bd / 2 ba 1,250 sqft , 2026-06-26
14307 Kincheloe St
Austins Colony
$275,000 $173 4 bd / 2 ba 1,587 sqft , 2026-08-11
5810 Vasey Blvd
FOREST BLUFF SEC 4
$282,000 $144 4 bd / 3 ba 1,952 sqft , 2026-07-10
5901 Berriweather Dr
Tiermo
$285,000 $154 4 bd / 3 ba 1,846 sqft , 2026-07-03
5712 Xene Dr
Gilbert Lane
$285,000 $195 3 bd / 2 ba 1,464 sqft , 2026-07-31

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
$1,315/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
$54,798
20% conventional investment loan

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

Estimated Gross Rent+$1,315
Principal + Interest−$1,495
Property Tax (~2.1% TX avg)−$479
Insurance (~0.5%)−$114
Est. Monthly Cash Flow $-773

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 July 25, 2026.

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