Active Listing  ·  20 days on market

5009 Mandevilla Dr

Austin, TX 78739
$819,900
4 Bed 4 Bath 2,909 sqft $282/sqft Built 2016 0.16 acres 2-Car Garage Pool Greyrock Ridge Ph 3

Beautiful home in the highly desirable Gray Rock neighborhood of Circle C! This spacious and thoughtfully designed home features a highly sought-after floor plan with the primary suite and dedicated home office on the main level, offering comfort and convenience for today's lifestyle. The gourmet kitchen is the heart of the home, showcasing a large center island, stainless steel appliances, abundant cabinetry, and an open layout that's perfect for entertaining.

Fresh interior paint and brand-new carpet make this home truly move-in ready. Upstairs, you'll find three additional bedrooms, including one with an attached private bathroom, plus a spacious game room that provides the perfect space for family fun, a media room, or a second living area.

Ideally located in the prestigious Circle C community, this home offers quick access to major highways and is just 10 minutes from downtown Austin. Enjoy nearby shopping, dining, parks, and miles of scenic hiking and biking trails, including those around Lady Bird Lake. Families will appreciate the highly acclaimed Circle C public schools.

Combining an exceptional location, stylish updates, and a spacious layout, this beautiful home offers everything you've been looking for. Don't miss this rare opportunity to own a move-in-ready home in one of Southwest Austin's most sought-after neighborhoods!

At $282/sqft, this home is 28% 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

5009 Mandevilla Dr, Austin, TX 78739

Property Details

Price $819,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,909 sqft
Lot Size 0.16 acres (6,886.84 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Greyrock Ridge Ph 3
County Travis
Zip Code 78739
$/sqft $282/sqft
Days on Market ,
HOA $585/Annually
Annual Tax Est. $16,411.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239649126
List Date July 15, 2026
Elementary School Bear Creek
Middle School Gorzycki
High School Bowie
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 · July 15, 2026 $845,000
Current ask $819,900
Reduced $25,100 (-3.0%) 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
40 N Interstate 35 Hwy N #1B3
Towers Town Lake Condo Amd
$819,700 $334 4 bd / 2 ba 2,452 sqft , 2026-04-02
1301 Town Creek Dr #2
South Shore Pointe
$819,000 $324 3 bd / 4 ba 2,528 sqft , 2025-10-09
393 Stone River Dr
Highpointe Ph V Sec Three
$815,000 $246 4 bd / 4 ba 3,311 sqft , 2026-07-01
9208 Dingo Dr
Easton Park
$824,900 $276 4 bd / 4 ba 2,993 sqft , 2026-05-22
15040 Broken Bow Trl
Apache Shores 01 Instl
$824,990 $329 4 bd / 3 ba 2,507 sqft , 2026-07-11

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
$3,936/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
$163,980
20% conventional investment loan

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

Estimated Gross Rent+$3,936
Principal + Interest−$4,475
Property Tax (~2.1% TX avg)−$1,435
Insurance (~0.5%)−$342
Est. Monthly Cash Flow $-2,316

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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