Active Listing  ·  120 days on market

4010 Louise Lee Dr

Austin, TX 78725
$265,000
3 Bed 2 Bath 1,929 sqft $137/sqft Built 2003 0.12 acres 2-Car Garage Pool Austins Colony Ph 03

Amazing one-story value in Austin’s Colony with a floor plan that lives larger than expected. Just off the entry, a bonus dining room offers the flexibility for a home office, playroom, or flex space. The spacious galley kitchen features stainless steel appliances, including a new gas range, ample counter space, and a pantry, flowing into the open living and dining area with backyard and patio views—ideal for everyday living and entertaining.

Recent updates and upgrades include a new HVAC system as of May 2026, freshly repainted interior throughout, new carpet in the bedrooms, and durable LVP and tile flooring in the main living areas. Enjoy smart-home convenience with an Ecobee thermostat, a whole-home water softener, and water filter in the kitchen. The washer, dryer, and refrigerator convey for an easy move-in.

The private primary suite is a true retreat with a bonus sitting room, large walk-in closet, and full ensuite bath. Conveniently located near neighborhood parks and hiking areas, with quick access to Austin-Bergstrom International Airport and Tesla.

At $137/sqft, this home is 65% 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

4010 Louise Lee Dr, Austin, TX 78725

Property Details

Price $265,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,929 sqft
Lot Size 0.12 acres (5,314.32 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Austins Colony Ph 03
County Travis
Zip Code 78725
$/sqft $137/sqft
Days on Market ,
HOA $66/Quarterly
Annual Tax Est. $5,051.49
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226100061
List Date April 16, 2026
Elementary School Hornsby-Dunlap
Middle School Dailey
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.

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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 · April 16, 2026 $279,000
Current ask $265,000
Reduced $14,000 (-5.0%) 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
3902 Louise Lee Dr
Austin's Colony
$265,000 $154 3 bd / 2 ba 1,722 sqft , 2026-02-04
4516 Kind Way #253
Chaparral Crossing Condo Amd
$265,000 $185 3 bd / 3 ba 1,432 sqft , 2026-05-25
15111 Parrish Ln
Austin's Colony
$265,000 $204 3 bd / 2 ba 1,300 sqft , 2026-07-13
4504 Inicio Ln
Chaparral Crossing Condo Amd
$265,000 $202 3 bd / 3 ba 1,310 sqft , 2026-07-26
508 Red Tails Dr
Austins Colony Sec 7A
$265,000 $152 3 bd / 2 ba 1,740 sqft , 2026-07-26

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
$1,272/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
$53,000
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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 August 11, 2026.

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