About This Home

Well-maintained single story home in sought after GreyRock Ridge. Open floorpan with 3 bedrooms/2 bathrooms, cathedral ceiling, no carpet with tile throughout. Large primary with walk-in closet and bay windows. Master bathroom with dual vanity, separate soaking tub and walk-in shower. Secondary bedrooms at front of home giving great separation of space/bedrooms. Extended covered back patio with private fenced yard, fan and TV.

GreyRock Ridge is part of the Circle C community and HOA boasting 4 pools, parks, playgrounds, hike/bike trails. Quick access to Mopac puts you downtown in 15 minutes. Restaurants and shops within 5 minutes.

Buyer to verify all school information.

At $345/sqft, this home is 12% 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

5105 Cornflower Dr, Austin, TX 78739

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Property Details

Price $599,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,737 sqft

Lot Size 0.15 acres (6,751.8 sqft)

Year Built 2015

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Greyrock Ridge Ph 2

County Travis

Zip Code 78739

$/sqft $345/sqft

Days on Market ,

HOA $526/Semi-Annually

Annual Tax Est. $11,796.61

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT234101900

List Date June 6, 2026

Elementary School Bear Creek

Middle School Gorzycki

High School Bowie

School District ,

Have Questions About This Property?

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 · June 6, 2026 $624,900

Current ask $599,900

▼ Reduced $25,000 (-4.0%) 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

2002 Glen Allen St #104
Glen Allen Condos $599,900 $323 2 bd / 3 ba 1,858 sqft , 2026-01-02

3305 Santa Monica Dr
Santa Monica Park $599,900 $267 3 bd / 3 ba 2,243 sqft , 2026-03-12

11203 Andenwood Dr
Canyon Creek Sec 01 $599,900 $259 4 bd / 3 ba 2,318 sqft , 2026-02-09

3907 Skipton Dr
Milwood Sec 04 $599,900 $369 4 bd / 2 ba 1,627 sqft , 2026-05-07

5002 E Pecan Springs Rd #7
Lofts at St Stephens Condos $599,900 $274 4 bd / 4 ba 2,191 sqft , 2026-05-08

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

$2,880/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

$119,980

20% conventional investment loan

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

Estimated Gross Rent+$2,880

Principal + Interest−$3,274

Property Tax (~2.1% TX avg)−$1,050

Insurance (~0.5%)−$250

Est. Monthly Cash Flow $-1,694

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

5105 Cornflower Dr