Active Listing  ·  144 days on market

4702 Lasso Path

Austin, TX 78745
$599,000
3 Bed 2 Bath 2,061 sqft $291/sqft Built 1957 0.25 acres Pool Western Trails Sec 01

On a gorgeous corner lot in Western Trails, this beautifully refreshed mid-century home offers over 2,000 square feet of graceful single-story living—a rare amount of space this close to the heart of South Austin at this price. Original hardwood floors have been professionally refinished and paired with fresh interior paint, modern double-pane windows, and charming custom tile details in the original bathrooms and kitchen. Floor plan in photos!

Natural light is one of the home's defining features. Oversized windows bring soft morning sun into the front living room, while the second living area captures the evening light, creating a warm and inviting feel throughout the day.

The flexible floorplan includes two living areas, a dedicated office overlooking the garden, and a spacious kitchen that connects naturally to both dining and living spaces. The kitchen embraces the home's original character and is ready to enjoy today while still offering potential for future updates.

A lockable interior door creates a discreet connection between the main living area and the primary suite, providing an alternative way to move through the home and added privacy when guests are staying in the secondary bedrooms.

The screened porch extends the living space outdoors and creates the perfect spot for morning coffee, relaxed evenings, or larger gatherings. Outside, the unique L-shaped yard wraps around the home, with gates connecting the front and back outdoor spaces and virtually no wasted side yard.

Located in one of South Austin's most beloved mid-century neighborhoods, you're within walking distance of Central Market, Wheatsville Food Co-op, local coffee shops, parks, and the restaurants and entertainment of South Lamar, South Congress, and Menchaca Road.

Offering space, character, natural light, and an exceptional location, 4702 Lasso Path presents a compelling alternative to smaller homes closer to 78704.

At $291/sqft, this home is 26% 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

4702 Lasso Path, Austin, TX 78745

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,061 sqft
Lot Size 0.25 acres (10,820.3 sqft)
Year Built 1957
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Western Trails Sec 01
County Travis
Zip Code 78745
$/sqft $291/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,468.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224661785
List Date April 2, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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 · April 2, 2026 $649,000
Previous ask $629,000
Current ask $599,000
Reduced $50,000 (-7.7%) 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
5400 Salem Hill Dr
Salem Walk Sec 02
$599,000 $319 4 bd / 3 ba 1,880 sqft , 2026-06-11
4200 Valley View Rd #B
Valley View Condos
$599,000 $364 3 bd / 3 ba 1,644 sqft , 2026-07-09
3700 Clawson Rd #301
Clawson Ridge
$595,000 $354 2 bd / 3 ba 1,680 sqft , 2026-08-14
4709 Mount Vernon Dr
Greenwood Forest Sec 02
$594,992 $361 3 bd / 2 ba 1,649 sqft , 2026-01-12
4400 Mount Vernon Dr #B
Hilltop Add
$590,000 $375 3 bd / 3 ba 1,574 sqft , 2026-08-19

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 August 23, 2026.

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