Active Listing  ·  167 days on market

3923 E 16th St #A

Austin, TX 78721
$650,000
3 Bed 3 Bath 1,639 sqft $397/sqft Built 2019 0.08 acres Pool Flournoy Hts Sec 3

Set on a quiet East Austin street, this detached 2019 Modern Farmhouse offers standalone privacy with no shared walls and no HOA dues, minutes from Mueller and downtown. Owned solar with no lease powers the home with clean, renewable energy and keeps electric bills consistently low. A highly hail-resistant metal roof, spray foam insulation, and a tankless water heater keep upkeep minimal and energy use efficient.

A gated entry opens to custom landscaping, clean edging, a steel flower bed, and a wide front deck. Inside, high ceilings and natural light warm the engineered hardwood floors, and solid core doors add a quiet, substantial feel. The kitchen centers on a very large island with quartz counters, a gas cooktop, and stainless appliances, plus a walk-in pantry with the laundry room beside it. A flex room with large, greenery-framed windows works as an office, dining room, or lounge for slow weekend mornings.

The main-level primary bedroom has a walk-in closet plus a second closet with under-stair storage. Upstairs, one bedroom opens to a private balcony. The other is a tree house in disguise, its large window filled with leafy treetops. Out back, the patio has room for a fire pit, a grill, and long evenings with friends.

Enjoy East Austin's coffee shops, restaurants, and the renovated Givens Park pool, then come home to a place that's entirely your own.

At $397/sqft, this home is priced 2% 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

3923 E 16th St #A, Austin, TX 78721

Property Details

Price $650,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,639 sqft
Lot Size 0.08 acres (3,271.36 sqft)
Year Built 2019
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision Flournoy Hts Sec 3
County Travis
Zip Code 78721
$/sqft $397/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,200.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231728997
List Date May 29, 2026
Elementary School Sims
Middle School Garcia
High School Northeast Early College
School District Austin ISD

Austin ISD

Sims · Garcia · Northeast Early College

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 · May 29, 2026 $745,000
Previous ask $670,000
Current ask $650,000
▼ Reduced $95,000 (-12.8%) 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
4609 Sara Dr #B
Jc Tannehill League
$650,000 $324 3 bd / 3 ba 2,005 sqft , 2026-06-12
5201 E Martin Luther King Jr Blvd #7103
Overlook
$649,990 $326 3 bd / 3 ba 1,996 sqft , 2026-08-13
3201 Kay St
Spillar & Greenwood Add
$649,900 $324 4 bd / 2 ba 2,006 sqft , 2026-08-07
3820 Hermalinda St
Mueller Sec 05
$649,900 $519 3 bd / 2 ba 1,252 sqft , 2026-09-12
4008 Briones St
Mueller
$659,900 $430 3 bd / 3 ba 1,534 sqft , 2026-10-07

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (assumed ~2.1%)−$1,138
Insurance (assumed ~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 5, 2026.

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

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