Active Listing  ·  76 days on market

4207 Margarita St

Austin, TX 78723
$799,500
3 Bed 3 Bath 1,942 sqft $412/sqft Built 2022 0.04 acres 2-Car Garage Pool Mueller

You can grab a morning coffee by Kinney Park, walk over to the farmers market, and meet friends for dinner at L'Oca d'Oro, all blocks from your front door in the highly accessible Mueller community. This 3-bedroom, 2.5-bathroom contemporary townhome channels the active, connected lifestyle that defines this highly sought after neighborhood. The two-story layout keeps your daily life organized yet open. On the main level, the front door opens into an expansive living room that flows seamlessly into the dining area and kitchen, creating an ideal setup for keeping conversations going. This entire floor feels expansive, with tall ceilings and large windows that draw in natural light across the vinyl plank flooring. In the kitchen, a large center island serves as the layout's hub, complemented by quartz countertops, stainless steel appliances, and deep cabinet storage. Just past the kitchen, the living space opens directly to the back of the home, where a private patio and fenced backyard offer an outdoor retreat rare for townhome living. Heading upstairs, a central loft space serves as a secondary game room or casual lounge, separating the primary suite from the secondary bedrooms. The primary bedroom features its own screened in, private balcony, alongside a walk-in closet and an ensuite bathroom equipped with a dual vanity and a large walk-in shower with an integrated soaking tub. The location within Mueller places you within easy walking distance of John Gaines Park and Aldrich St. Residents enjoy quick access to community pools, playgrounds, and miles of hike and bike trails, with local staples like Colleen's Kitchen and B.D. Riley's Irish Pub right around the corner. Situated just minutes from IH 35 and 5 miles from Downtown Austin, this location effortlessly bridges quiet Mueller neighborhood living with an easy commuter route.

At $412/sqft, this home is priced 5% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4207 Margarita St, Austin, TX 78723

Property Details

Price $799,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,942 sqft
Lot Size 0.04 acres (1,742.4 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Mueller
County Travis
Zip Code 78723
$/sqft $412/sqft
Days on Market ,
HOA $352/Monthly
Annual Tax Est. $13,855.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239163013
List Date July 9, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
High School Northeast Early College
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 →

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 · July 9, 2026 $825,000
Previous ask $814,500
Current ask $799,500
Reduced $25,500 (-3.1%) 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
3921 Threadgill St
Mueller
$799,900 $450 3 bd / 3 ba 1,776 sqft , 2026-08-13
2805 McCurdy St #5
Mueller
$789,000 $360 3 bd / 4 ba 2,189 sqft , 2026-08-19
2103 Greenwood Ave #Building 1, Unit B
2103-1 Frio Eastside Living Co
$780,000 $394 3 bd / 3 ba 1,978 sqft , 2026-06-13
3008 Cedarlawn Cir
Cherrylawn Sec 02
$775,000 $418 4 bd / 3 ba 1,856 sqft , 2026-09-03
3917 Vaughan St
Mueller Sec Vii-C Sub Amd
$750,000 $382 3 bd / 3 ba 1,964 sqft , 2026-07-10

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
$3,838/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
$159,900
20% conventional investment loan

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

Estimated Gross Rent+$3,838
Principal + Interest−$4,363
Property Tax (~2.1% TX avg)−$1,399
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,257

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 →

Neighborhood Context

About Mueller

Mueller was built on the site of Austin's old Robert Mueller Municipal Airport, which closed in 1999. What replaced it is one of the most thoughtfully planned urban neighborhoods in Texas - a mix of single-family homes, townhomes, condos, and apartments built around parks, trails, and walkable retail.

The neighborhood is anchored by Mueller Lake Park, a 30-acre park and pond at its center, and the Mueller Farmers' Market (one of Austin's best) runs every Sunday. Aldrich Street - Mueller's main commercial strip - has restaurants, coffee shops, and retail that serve the neighborhood without overwhelming it.

🌿
Mueller Lake Park

30-acre park with a pond, walking trails, splash pad, and dog park at the center of the neighborhood. Feels like a central park for the community.

🛒
Sunday Farmers Market

One of Austin's most attended farmers markets runs every Sunday year-round on Aldrich Street. A true neighborhood institution.

🏗️
Built Green

Mueller has one of the highest concentrations of green-certified homes in Austin. Many homes feature solar panels, rainwater collection, and energy-efficient construction.

🚲
Trail Network

Extensive internal trail system connects the neighborhood, plus connections to the larger Austin trail network. Cycling and walking are genuinely practical here.

Full Mueller Guide →

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 September 12, 2026.

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