Active Listing  ·  22 days on market

4221 Johns Light Dr

Austin, TX 78727
$389,000
3 Bed 2 Bath 1,703 sqft $228/sqft Built 2004 0.17 acres 2-Car Garage Pool Ashton Woods Condo

Lock-and-leave living in a prime North Austin location! This beautifully refreshed one-story condo offers a spacious 3 bedroom, 2 bath floorplan combined with low-maintenance living and easy access to shopping, dining, and entertainment. Located in the gated community of Ashton Woods, where the HOA maintains the exterior and landscaping, this move-in-ready home makes it easy to spend more time enjoying life—and less time maintaining your home.

Inside, you'll appreciate the clean inviting feel of the modern, open kitchen with island, new quartz countertops, new stainless steel appliances, and a freshly painted neutral color palette. The main living areas boast new luxury vinyl plank flooring throughout and new carpeting in all bedrooms. Added amenities include Plantation shutters, a charming rear patio, a fenced backyard and a 2-car garage with electric car charging port.

Location is a standout! Howard Station is just 0.9 mile away, providing convenient access to CapMetro's Red Line to downtown Austin, or use the nearby Park & Ride. The Domain, Q2 Stadium, shopping, restaurants, and entertainment are only 4.3 miles away. Whether you're looking for a primary residence, a low-maintenance home base, or a place you can confidently lock up and leave, this one checks the boxes.

At $228/sqft, this home is 42% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4221 Johns Light Dr, Austin, TX 78727

Property Details

Price $389,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,703 sqft
Lot Size 0.17 acres (7,448.76 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Ashton Woods Condo
County Travis
Zip Code 78727
$/sqft $228/sqft
Days on Market ,
HOA $475/Monthly
Annual Tax Est. $5,390.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246240701
List Date September 16, 2026
Elementary School Wells Branch
Middle School Deerpark
High School McNeil
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
13933 Ashton Woods Cir #71
Ashton Woods Condominiums
$399,900 $180 3 bd / 3 ba 2,222 sqft , 2026-05-19
4205 Dot Dr
Ashton Woods Condo
$415,000 $254 3 bd / 2 ba 1,632 sqft , 2026-06-18
4213 Wild Iris Ln
Ashton Woods Condo
$345,000 $259 3 bd / 2 ba 1,334 sqft , 2026-09-07
2413 Lou John St N
Woods Century Park Sec 02
$434,900 $198 3 bd / 2 ba 2,195 sqft , 2026-06-10
4601 Tamarack Trl
Northwood 04
$444,000 $285 3 bd / 2 ba 1,556 sqft , 2026-06-02

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
$1,867/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
$77,800
20% conventional investment loan

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

Estimated Gross Rent+$1,867
Principal + Interest−$2,123
Property Tax (~2.1% TX avg)−$681
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,099

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 September 21, 2026.

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