Active Listing  ·  145 days on market

4617 Lava Island Dr

Austin, TX 78747
$339,990
3 Bed 2 Bath 1,640 sqft $207/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Cascades at Onion Creek

The Abilene plan is a fantastic one story home located in Austin city limits within the neighborhood of Cascades at Onion Creek. It features 3 bedrooms, 2 bathrooms, and and just over 1600 square feet. This home has everything from tall ceilings, Madison Baguette cabinets, RevWood flooring, an upgraded back splash, and quartz counter tops. The primary bathroom also features a beautiful soaking tub as well as a stand up shower! This home is also just a couple of blocks away from the community pool and amenities making it a prime location in the heart of the community. Come see us today or schedule an appointment to come check out this home as it wont be on the market long with this amazing low price!

At $207/sqft, this home is 47% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4617 Lava Island Dr, Austin, TX 78747

Property Details

Price $339,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,640 sqft
Lot Size 0.14 acres (6,146.32 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cascades at Onion Creek
County Travis
Zip Code 78747
$/sqft $207/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT222322576
List Date March 12, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
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 →

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
11909 Murano Dr
Cloverleaf
$339,990 $245 3 bd / 2 ba 1,388 sqft , 2026-06-01
11408 Milano Dr
BELLA FORTUNA
$339,990 $234 3 bd / 2 ba 1,450 sqft , 2026-07-25
5624 Colinton Ave
Edinburgh Gardens
$339,999 $163 4 bd / 3 ba 2,088 sqft , 2026-02-05
8004 Linda Michelle Ln
Parker Station
$339,999 $251 3 bd / 2 ba 1,356 sqft , 2026-07-13
6302 Thurgood Ave
Johnston Terrace Sec 02
$340,000 $269 3 bd / 1 ba 1,262 sqft , 2026-02-03

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
$1,632/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
$67,998
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-960

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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