Active Listing  ·  356 days on market

3709 Tower View Ct

Austin, TX 78723
$299,990
2 Bed 1 Bath 888 sqft $338/sqft Built 1953 0.15 acres Pool Manor Hill

SF-3 NP zoning. Discover an exceptional investment opportunity in one of Austin’s most desirable and rapidly appreciating neighborhoods. Situated just 10 minutes from Downtown Austin and minutes from the vibrant Mueller District, this rare tear-down property offers endless potential for developers, builders, or buyers looking to create their dream home in the heart of the city. SF-3 zoning means incredible development opportunities!

Located on a quiet, tree-lined street, this level lot boasts ample frontage and mature trees, providing the perfect canvas for a modern custom build or high-end speculative project.

What truly sets this opportunity apart is the unbeatable proximity to everything Austin. You’re walking distance to Mueller’s thriving community, including H-E-B, Alamo Drafthouse, Mueller Lake Park, the Thinkery, weekly farmers markets, and a diverse mix of cafes, breweries, and retail. Plus, easy access to I-35, Airport Blvd, and major transit routes ensures a seamless commute to the airport, UT campus, and tech corridors.

This is a chance to start fresh in a neighborhood where renovated and newly built homes are commanding top dollar. Surrounding homes reflect the area’s evolution, with contemporary architecture and thoughtfully designed residences setting the tone for what’s possible here.

Whether you're an investor eyeing your next big project or a homeowner envisioning a future build in one of Austin’s most exciting urban hubs, this property is your blank slate.

Don’t miss your chance to own a piece of East Austin with unmatched location, strong resale potential, and endless possibilities.

Sold as-is. Value is in the land. Buyer to verify all development potential, zoning, and restrictions.

At $338/sqft, this home is 14% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3709 Tower View Ct, Austin, TX 78723

Property Details

Price $299,990
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 888 sqft
Lot Size 0.15 acres (6,486.08 sqft)
Year Built 1953
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Manor Hill
County Travis
Zip Code 78723
$/sqft $338/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,862.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT204547980
List Date August 13, 2025
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 →

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
8211 Springsteen Dr
Ep Residential Condos
$299,990 $271 2 bd / 3 ba 1,108 sqft , 2026-03-09
201 W 31st St #A
Fruth Add
$299,990 $356 3 bd / 1 ba 842 sqft , 2026-06-30
3401 Thomas Kincheon St
Oak Plantations
$299,990 $335 3 bd / 1 ba 896 sqft , 2026-07-31
1202 Newning Ave #311
Madrid
$299,999 $271 2 bd / 1 ba 1,107 sqft , 2025-05-29
6211 Manor Rd #107
Manor Twnhms
$299,999 $253 2 bd / 2 ba 1,188 sqft , 2026-07-09

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
$1,440/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
$59,998
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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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