About This Home

The Sherman - This new two-story home features a luxurious owner’s suite on the first level, offering a tranquil retreat with a full bathroom and walk-in closet. A nearby open-concept layout encourages seamless transitions and multitasking between the kitchen, living and dining areas. On the second floor, a versatile game room provides a convenient shared living area near three additional bedrooms. Photos are for illustrative purposes only. Estimated Completion September 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $112/sqft, this home is 36% below the Maxwell active market average of $174/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

402 Dubai Ave, Maxwell, TX 78656

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Property Details

Price $242,999

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 2,162 sqft

Lot Size 0.11 acres (4,878.72 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cotton Gateway

County Caldwell

Zip Code 78656

$/sqft $112/sqft

Days on Market ,

HOA $45/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238047175

List Date June 29, 2026

Elementary School Bluebonnet (Lockhart ISD)

Middle School Lockhart

High School Lockhart

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Maxwell 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 · June 29, 2026 $260,990

Previous ask $262,999

Current ask $242,999

▼ Reduced $17,991 (-6.9%) 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 Maxwell

Comparable Listings Right Now

Homes currently for sale in Maxwell 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

312 Paris St
Cotton Gateway $243,999 $152 4 bd / 2 ba 1,600 sqft , 2026-06-10

464 Dubai Ave
Cotton Gateway $243,999 $152 4 bd / 2 ba 1,600 sqft , 2026-08-04

407 Dubai Ave
Cotton Gateway $243,999 $146 4 bd / 2 ba 1,667 sqft , 2026-08-11

411 Dubai Ave
Cotton Gateway $240,999 $111 4 bd / 2 ba 2,162 sqft , 2026-08-11

305 Mica Trl
Sunset Oaks Sec 4 Ph 1A $240,000 $153 3 bd / 2 ba 1,568 sqft , 2026-04-24

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

$1,166/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.45%

NOI after 40% vacancy + expenses

Down Payment

$48,600

20% conventional investment loan

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

Estimated Gross Rent+$1,166

Principal + Interest−$1,326

Property Tax (~2.1% TX avg)−$425

Insurance (~0.5%)−$101

Est. Monthly Cash Flow $-686

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 Maxwell, TX

Maxwell 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

About the Author

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 13, 2026.

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

402 Dubai Ave