Active Listing  ·  26 days on market

4207 Margarita St

Austin, TX 78723
$814,500
3 Bed 3 Bath 1,942 sqft $419/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 $419/sqft, this home is priced 7% 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

4207 Margarita St, Austin, TX 78723

Property Details

Price $814,500
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 $419/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
Current ask $814,500
Reduced $10,500 (-1.3%) 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
9507 Capitol View Dr
Capitol View Estates
$815,000 $375 2 bd / 5 ba 2,175 sqft , 2025-12-26
8305 Briarwood Ln
Northtowne Sec 01
$810,000 $399 4 bd / 3 ba 2,028 sqft , 2026-03-13
1301 Town Creek Dr #2
South Shore Pointe
$819,000 $324 3 bd / 4 ba 2,528 sqft , 2025-10-09
40 N Interstate 35 Hwy N #1B3
Towers Town Lake Condo Amd
$819,700 $334 4 bd / 2 ba 2,452 sqft , 2026-04-02
1028 Ellingson Ln
Mayfair Terrace
$824,900 $368 2 bd / 1 ba 2,240 sqft , 2026-07-05

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
$3,910/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
$162,900
20% conventional investment loan

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

Estimated Gross Rent+$3,910
Principal + Interest−$4,445
Property Tax (~2.1% TX avg)−$1,425
Insurance (~0.5%)−$339
Est. Monthly Cash Flow $-2,299

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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