Active Listing  ·  109 days on market

4202 Wayfarer Way

Austin, TX 78731
$1,150,000
3 Bed 4 Bath 2,844 sqft $404/sqft Built 2020 0.06 acres 2-Car Garage Pool The Grove

This is a rare opportunity to own a single-family home in the highly sought-after Grove community, located in central Austin. This gorgeous, 3-bedroom, 3.5-bathroom home is located just blocks from The Grove’s 16+ acre park and the Shoal Creek Greenbelt. As you approach the home, you’ll notice its Modern European facade as you’re greeted by its gated yard space and covered front porch. The main level includes a luxurious, open-concept living area adjoined by the beautifully finished kitchen and dining space. The kitchen is designed for both function and style, and boasts quartz countertops, high-end appliances and an abundance of storage space. With this combination of function and style, you’re well-equipped for any occasion. The main floor primary suite offers both privacy and elegance, and features a soaking tub, a separate walk-in shower, and a huge walk-in closet. Upstairs, a spacious living room offers the perfect place for relaxation and play. In addition, there are two bedrooms and a separate entertainment room that can double as a private office. One of the upstairs bedrooms features a full, ensuite bathroom. Both the main level and upstairs feature wood-appearing tile floors. The first-floor laundry room includes hookups for gas and electric dryers. Parking is in the back, with a 2-car garage that includes a car charger. With its central location, you’re just 10 minutes from downtown Austin or the Domain, and a few minutes away from Seton Medical. Don’t miss the opportunity to own this exceptional home in this in-demand location! Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $404/sqft, this home is priced 3% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4202 Wayfarer Way, Austin, TX 78731

Property Details

Price $1,150,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,844 sqft
Lot Size 0.06 acres (2,570.04 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Grove
County Travis
Zip Code 78731
$/sqft $404/sqft
Days on Market ,
HOA $289.25/Monthly
Annual Tax Est. $23,347.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225612925
List Date April 17, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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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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
14020 Lakeview Dr
Comanche Trail 02
$1,150,000 $397 3 bd / 3 ba 2,895 sqft , 2026-01-19
2104 E 2nd St #1
2104 EAST 2ND STREET CONDOMINIUMS
$1,150,000 $551 4 bd / 4 ba 2,089 sqft , 2025-08-04
4509 S 2nd St #1
Hartkopf
$1,150,000 $509 4 bd / 3 ba 2,260 sqft , 2026-05-24
4801 Fern Holw
Cat Mountain Villas Sec 02
$1,150,000 $453 3 bd / 4 ba 2,536 sqft , 2026-05-21
2202 Santa Rita St
Buena Vista
$1,150,000 $461 4 bd / 3 ba 2,497 sqft , 2026-06-30

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
$5,520/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
$230,000
20% conventional investment loan

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

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

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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