Active Listing  ·  65 days on market

5104 Stone Gate Dr #2

Austin, TX 78721
$665,000
2 Bed 4 Bath 1,659 sqft $401/sqft Built 2026 0.22 acres Pool New Construction Stone Gate

Thoughtful design and modern luxury combine in this custom new build at 5104 Stone Gate Dr. Ideally located in Austin's rapidly growing East MLK corridor, Unit 2 is a 3-story 1659sq.ft. residence with 2 bedrooms, 3.5 baths, and an upstairs flex space/guest room.

This is not your average new build - soaring ceilings, soaring ceilings, abundant natural light, and premium finishes throughout, including wide-plank white oak flooring, quartz countertops, and carefully curated designer tile selections. The open-concept main living area flows seamlessly into the chef-inspired kitchen, creating the perfect space for entertaining or everyday living, with a convenient half bath. The second level features two bedrooms each with their own private bath. The third floor offers a large flex space with a 3rd full bath and balcony - perfect for guests, an office, or primary suite.

The striking contemporary exterior showcases bold architectural lines, modern materials, and exceptional curb appeal, while the efficient layout maximizes both functionality and style. Located just minutes from Downtown Austin, Mueller, UT, and some of East Austin's most popular restaurants, coffee shops, and entertainment destinations, this home delivers the perfect combination of luxury, location, and modern living.

At $401/sqft, this home is priced 3% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5104 Stone Gate Dr #2, Austin, TX 78721

Property Details

Price $665,000
Status Active Listing
Beds 2
Full Baths 3
Half Baths 1
Living Area 1,659 sqft
Lot Size 0.22 acres (9,557.06 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Stone Gate
County Travis
Zip Code 78721
$/sqft $401/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236958092
List Date June 19, 2026
Elementary School Norman-Sims
Middle School Kealing
High School Northeast Early College
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 →

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
5601 Jackie Robinson St #1
5601 JACKIE ROBINSON SITE STREET CONDOMINIUMS
$669,000 $322 3 bd / 3 ba 2,079 sqft , 2026-05-21
4604-2 Santa Anna St
Chernosky 07
$650,000 $439 3 bd / 3 ba 1,482 sqft , 2026-07-14
5205 Rob Scott St
Baker
$649,000 $309 3 bd / 3 ba 2,101 sqft , 2026-07-09
1201 Luna St
Chernosky 09
$685,000 $353 3 bd / 3 ba 1,940 sqft , 2026-03-26
4609 Sara Dr #B
Jc Tannehill League
$689,000 $344 3 bd / 3 ba 2,005 sqft , 2026-06-12

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
$3,192/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
$133,000
20% conventional investment loan

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

Estimated Gross Rent+$3,192
Principal + Interest−$3,629
Property Tax (~2.1% TX avg)−$1,164
Insurance (~0.5%)−$277
Est. Monthly Cash Flow $-1,878

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 7, 2026.

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