Active Listing  ·  116 days on market

5001 Pryor Ln

Austin, TX 78734
$499,900
3 Bed 2 Bath 1,750 sqft $286/sqft Built 1996 0.33 acres Pool Travis Landing 02 Ph 05

Finding a home that offers both flexibility and freedom can be surprisingly difficult, but 5001 Pryor Lane delivers both. Situated on a spacious lot in the Lake Travis area, this thoughtfully updated split-level home combines modern finishes, versatile living spaces, and the relaxed lifestyle that draws so many buyers to this part of Austin. One of its most unique features is a lower-level bedroom with French doors opening to a private patio and separate exterior access, creating an ideal setup for a home office, salon studio, client-facing workspace, guest retreat, or additional living area.

Step inside and you'll enter at the heart of the home, with the primary suite privately positioned on the upper level and two secondary bedrooms below. With its own entrance, the lower-level bedroom creates an ideal work-from-home setup while maintaining privacy for both homeowners and visitors, offering possibilities rarely found in homes at this price point.

The home was extensively updated in recent years and features LVP flooring throughout with no carpet. Natural light fills the living spaces, while the functional floor plan offers comfortable everyday living and adaptability for changing needs.

Outside, the generous lot provides room to spread out, entertain, garden, or simply enjoy the peaceful setting. A covered carport adds convenience, while the location offers easy access to Lake Travis, nearby marinas, dining, shopping, and highly regarded Lake Travis ISD schools.

Per seller, the property is not subject to an HOA, offering homeowners added flexibility for personal use, investment potential, and work-from-home lifestyles.

Square footage is owner estimated at approximately 1,750 square feet. Buyer to independently verify.

At $286/sqft, this home is 27% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5001 Pryor Ln, Austin, TX 78734

Property Details

Price $499,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,750 sqft
Lot Size 0.33 acres (14,400.94 sqft)
Year Built 1996
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Landing 02 Ph 05
County Travis
Zip Code 78734
$/sqft $286/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,414.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231635748
List Date May 29, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
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 · May 29, 2026 $525,000
Previous ask $510,000
Current ask $499,900
Reduced $25,100 (-4.8%) 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
4000 Ranch Road 620 None #16
Enclave At Commanders Point Am
$495,000 $263 3 bd / 3 ba 1,881 sqft , 2026-06-17
15602 Cedar Ledge St
Travis Landing
$479,000 $328 3 bd / 2 ba 1,462 sqft , 2026-07-31
15711 La Hacienda Dr
La Hacienda Estates Sec 02
$524,400 $334 4 bd / 3 ba 1,568 sqft , 2026-05-18
4300 MANSFIELD DAM Rd #621
Lakeside Villas Condos
$450,000 $267 3 bd / 2 ba 1,687 sqft , 2026-09-20
15504 Enid Dr
Travis Landing 02 Ph 05
$435,000 $196 3 bd / 2 ba 2,220 sqft , 2026-08-06

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 8, 2026.

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