Active Listing  ·  58 days on market

5105 Lemon Tree Path

Austin, TX 78723
$499,000
4 Bed 3 Bath 2,160 sqft $231/sqft Built 2020 2-Car Garage Pool 51 East

Welcome to 5105 Lemon Tree Path, a beautifully maintained modern home in a desirable lock-and-leave community just minutes from some of Austin's most popular destinations. Built in 2020, this move-in-ready residence offers the perfect combination of contemporary design, low-maintenance living, and an unbeatable central location.

The open-concept floor plan creates a seamless flow between the kitchen, dining, and living areas, making it ideal for entertaining and everyday living. The stylish kitchen features a large center island, abundant cabinetry, and direct sightlines to the main living space, allowing everyone to stay connected. High ceilings and generous natural light create a bright and welcoming atmosphere throughout the home. High end finishes and thoughtful updates like the built in EV charger make this home ready to go on day one.

Unlike many homes in the area, this property backs to a green space rather than another home, providing a more open feel and pleasant views from the rear of the property.

Residents enjoy access to community amenities, including a private neighborhood pool reserved exclusively for homeowners and their guests, offering a convenient place to relax and cool off without leaving the community. A fully fenced dog park on the property adds another layer of community and convenience.

Located just minutes from Mueller's vibrant shopping, dining, entertainment, parks, and farmers market, you'll enjoy quick access to everything that makes Austin special. Downtown Austin, The University of Texas, Dell Medical School, and major employers are all just a short drive away, making this home an exceptional opportunity for those seeking convenience, connectivity, and modern living in the heart of the city.

At $231/sqft, this home is 41% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5105 Lemon Tree Path, Austin, TX 78723

Property Details

Price $499,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,160 sqft
Lot Size ,
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 51 East
County Travis
Zip Code 78723
$/sqft $231/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237631797
List Date June 25, 2026
Elementary School Pecan Springs
Middle School Garcia
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.

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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 25, 2026 $525,000
Previous ask $515,000
Current ask $499,000
Reduced $26,000 (-5.0%) 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
5503 Manor Rd
Manor Hill Sec 02
$500,000 $242 3 bd / 2 ba 2,063 sqft , 2026-04-10
5216 Golden Canary Ln
51 East
$495,000 $255 3 bd / 3 ba 1,938 sqft , 2026-01-09
3108 E 51st St #1104
Grove Condominiums
$495,000 $271 3 bd / 4 ba 1,827 sqft , 2026-07-01
4711 Little Hill Cir
Craigwood Sec 02
$489,900 $272 3 bd / 2 ba 1,800 sqft , 2026-05-19
5215 Overbrook Dr
Manor Hills
$475,000 $321 4 bd / 2 ba 1,480 sqft , 2026-02-01

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 15, 2026.

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