Active Listing  ·  20 days on market

5007 Lott Ave #1

Austin, TX 78721
$727,000
4 Bed 4 Bath 2,276 sqft $319/sqft Built 2022 0.13 acres 1-Car Garage Pool 5007 Lott Ave Condos

East Austin Vibes! |4BD | 3.5 BA | 2,276 Sq Ft | Detached Home | Private Yard

East Austin's creative energy, neighborhood parks, and a location that makes sense for homeowners and investors alike! Located in East MLK area, this modern detached home puts you close to the local spots that give East Austin its personality. Grab coffee, meet friends, or explore the restaurants, shops, and creative studios at nearby Springdale General. Springdale Neighborhood Park and Givens District Park offer green space, playgrounds, sports courts, and outdoor recreation, while Mueller, East 6th Street, and Downtown Austin expand your options for dining, entertainment, shopping, and everyday convenience. Built in 2022, this three-level home offers 2,276 square feet of modern design with plenty of personality. Polished concrete floors anchor the bright, open main level, connecting the kitchen, dining, and living areas. The kitchen features quartz countertops, a generous center island, SS appliances, and gas cooking, while a striking dark wood-slat accent wall adds an unexpected architectural touch to the dining space. A guest half bath completes the main level. The spacious primary suite features a large walk-in closet and private bath, while three additional bedrooms and two full bathrooms provide flexibility for guests, a home office, or different living arrangements. Outside, a covered deck overlooks a private backyard with turf and bamboo privacy screening, creating an inviting outdoor space with minimal upkeep. Beyond its appeal as a primary residence, this property's four-bedroom layout, contemporary finishes, and proximity to East Austin's popular destinations make it an attractive option for investment-minded buyers exploring rental opportunities. Whether you're drawn to the neighborhood's local character, the convenience of its central location, or the property's income-producing potential, this is an opportunity to make the most of East Austin living.

At $319/sqft, this home is 18% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5007 Lott Ave #1, Austin, TX 78721

Property Details

Price $727,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,276 sqft
Lot Size 0.13 acres (5,688.94 sqft)
Year Built 2022
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 5007 Lott Ave Condos
County Travis
Zip Code 78721
$/sqft $319/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,800.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250715749
List Date October 23, 2026
Elementary School Sims
Middle School Kealing
High School Northeast Early College
School District Austin ISD

Austin ISD

Sims · Kealing · Northeast Early College

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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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 · October 23, 2026 $737,000
Current ask $727,000
▼ Reduced $10,000 (-1.4%) 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
1719 Bunche Rd
Truman Heights
$749,900 $292 3 bd / 3 ba 2,567 sqft , 2026-09-01
5607 Tura Ln #2
Hobbs Add
$699,000 $390 3 bd / 4 ba 1,791 sqft , 2026-10-22
5305 Ledesma Rd #1
5305 Ledesma Condominiums
$698,500 $291 4 bd / 4 ba 2,401 sqft , 2026-10-23
1410 Perez St #2
Chernosky 09
$679,000 $439 3 bd / 3 ba 1,548 sqft , 2026-09-29
1410 Perez St #1
Chernosky 09
$779,000 $416 3 bd / 3 ba 1,874 sqft , 2026-09-29

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
$3,490/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
$145,400
20% conventional investment loan

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

Estimated Gross Rent+$3,490
Principal + Interest−$3,968
Property Tax (assumed ~2.1%)−$1,272
Insurance (assumed ~0.5%)−$303
Est. Monthly Cash Flow $-2,053

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 · 41 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. The written content was last updated on November 4, 2026.

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

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