About This Home

The Eisenhower plan offers exceptional value in Austin and is perfectly suited for a growing family. This spacious two-story home features 5 bedrooms, 3 bathrooms, and just over 2,700 square feet of thoughtfully designed living space. With room to spread out, it provides both comfort and versatility in a highly desirable location. Situated on a uniquely spacious lot and just three blocks from the community pool and amenities, this home offers both convenience and a prime position within the neighborhood. Don’t miss your opportunity—homes like this don’t stay on the market long, especially at such an attractive price!

At $154/sqft, this home is 61% 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

4608 Lava Island Dr, Austin, TX 78747

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $419,990

Status Active Listing

Beds 5

Full Baths 3

Half Baths ,

Living Area 2,728 sqft

Lot Size 0.14 acres (5,967.72 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cascades at Onion Creek

County Travis

Zip Code 78747

$/sqft $154/sqft

Days on Market ,

HOA $65/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT235542337

List Date June 9, 2026

Elementary School Blazier

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

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 · June 9, 2026 $444,990

Previous ask $439,990

Current ask $419,990

▼ Reduced $25,000 (-5.6%) 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

12016 Russo Dr
Cloverleaf $419,990 $172 5 bd / 3 ba 2,439 sqft , 2026-08-04

12000 Russo Dr
Cloverleaf $422,990 $173 5 bd / 3 ba 2,439 sqft , 2026-06-01

11728 Domenico Cv
Cloverleaf $416,510 $215 4 bd / 2 ba 1,937 sqft , 2026-04-24

5212 Lomasso Dr
Cloverleaf $423,550 $207 4 bd / 3 ba 2,051 sqft , 2026-07-16

5413 Murano Cv
Cloverleaf $411,970 $213 4 bd / 2 ba 1,937 sqft , 2026-05-21

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

$2,016/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

$83,998

20% conventional investment loan

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

Estimated Gross Rent+$2,016

Principal + Interest−$2,292

Property Tax (~2.1% TX avg)−$735

Insurance (~0.5%)−$175

Est. Monthly Cash Flow $-1,186

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

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 17, 2026.

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

4608 Lava Island Dr