Active Listing  ·  148 days on market

5036 Lexington Meadow Ln

Del Valle, TX 78617
$278,000
3 Bed 2 Bath 1,878 sqft $148/sqft Built 2008 0.13 acres 2-Car Garage Pool Lexington Parke Sec 01

Welcome to this beautifully maintained Del Valle home featuring flexible living areas, no carpet, and a thoughtful layout in a fast-growing area just minutes from Austin. A gorgeous covered front porch sets the tone from the moment you arrive, creating the perfect spot to sip your morning coffee and enjoy a quiet start to the day.

Inside, the entry opens to a spacious second living area that can easily function as a home office, playroom, sitting room, or flex space to fit your lifestyle. The home features LVP flooring throughout with no carpet, creating a clean, cohesive, and easy-to-maintain feel. The open-concept living and dining areas flow seamlessly together, making the layout ideal for everyday living and entertaining. The kitchen offers stainless steel appliances, an island for additional prep and gathering space, and easy connection to the main living areas.

The large primary suite provides a comfortable retreat with two generous walk-in closets and an en suite bathroom featuring dual vanities and a shower/tub combo. Two additional bedrooms each include walk-in closets, offering excellent storage throughout the home. A standout bonus is the garage, which has its own central AC unit, adding extra functional space for a home gym, hobbies, projects, storage, or a comfortable workspace.

Out back, the covered patio is one of the sellers’ favorite features, overlooking a flower garden and creating a peaceful place to relax, entertain, or enjoy coffee outdoors. The neighborhood also offers access to nearby trails leading to Barkley Meadows Park, adding to the overall sense of convenience and community.

Conveniently located near Downtown Austin, Tesla Gigafactory, ABIA, Circuit of the Americas, major highways, shopping, and schools, this home offers comfort, functionality, and accessibility in a growing Del Valle community.

At $148/sqft, this home is 36% below the Del Valle active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5036 Lexington Meadow Ln, Del Valle, TX 78617

Property Details

Price $278,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,878 sqft
Lot Size 0.13 acres (5,684.58 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lexington Parke Sec 01
County Travis
Zip Code 78617
$/sqft $148/sqft
Days on Market ,
HOA $37/Monthly
Annual Tax Est. $5,421.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236540303
List Date June 17, 2026
Elementary School Del Valle
Middle School Del Valle
High School Del Valle
School District Del Valle ISD

Del Valle ISD

Del Valle · Del Valle · Del Valle

Luke Allen (TREC #788149) has deep knowledge of Del Valle 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 · June 17, 2026 $299,900
Previous ask $289,900
Current ask $278,000
▼ Reduced $21,900 (-7.3%) 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 Del Valle

Comparable Listings Right Now

Homes currently for sale in Del Valle 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
5512 War Admiral Dr
Berdoll Farms Ph 02 Sec 02
$280,000 $157 3 bd / 3 ba 1,788 sqft , 2026-10-26
12704 Saint Thomas Dr
Lexington Parke Sec 01
$272,990 $160 3 bd / 3 ba 1,709 sqft , 2026-08-13
13217 Thome Valley Dr
Berdoll Farms Ph 02 Sec 02
$285,000 $159 3 bd / 3 ba 1,788 sqft , 2026-11-09
5008 Irvine Ln
Lexington Parke Sec 01
$269,000 $154 3 bd / 3 ba 1,742 sqft , 2026-07-13
5820 Taunte Dr
Longview
$299,500 $205 3 bd / 2 ba 1,463 sqft , 2026-09-22

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
$1,334/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
$55,600
20% conventional investment loan

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

Estimated Gross Rent+$1,334
Principal + Interest−$1,517
Property Tax (assumed ~2.1%)−$487
Insurance (assumed ~0.5%)−$116
Est. Monthly Cash Flow $-786

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 Del Valle, TX

Del Valle 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 September 4, 2026.

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

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