Active Listing  ·  21 days on market

5107 Lemon Tree Path #127

Austin, TX 78723
$479,900
4 Bed 3 Bath 2,081 sqft $231/sqft Built 2020 0.12 acres 2-Car Garage Pool 51 East

Don’t miss this rare opportunity in 51 East! This immaculate 4-bedroom, 2.5-bath home sits on an oversized greenbelt lot and offers an impressive combination of modern upgrades, thoughtful design, and indoor-outdoor living. Fresh interior paint and brand-new backyard turf give the home an updated feel and make it move-in ready!

The bright, open-concept main level is perfect for entertaining, with beautiful views of the private, lush backyard. The kitchen delivers on both style and function with abundant cabinetry, quartz countertops, and an oversized eat-in bar. Upstairs, modern horizontal iron balusters add a sleek touch to the staircase, leading to a versatile loft that’s ideal for a home office, reading nook, or flex space.

The spacious primary suite is filled with natural light and features an ensuite bath with a large walk-in shower and generous walk-in closet. Three additional bedrooms, a secondary bath with dual undermount sinks, and a conveniently located upstairs laundry room with a window complete the second floor. An electric vehicle charger in the garage adds another modern convenience.

Enjoy being just a short walk from the community clubhouse and pool, scenic walking trails, and open green spaces. Tucked away from the hustle and bustle yet conveniently located just two miles from Mueller and the heart of downtown Austin, 51 East offers the best of both worlds: a peaceful neighborhood setting with easy access to Austin’s vibrant dining, live music, shopping, and culture. This one is a must-see!

At $231/sqft, this home is 41% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5107 Lemon Tree Path #127, Austin, TX 78723

Property Details

Price $479,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,081 sqft
Lot Size 0.12 acres (5,392.73 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision 51 East
County Travis
Zip Code 78723
$/sqft $231/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. $10,401.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250622933
List Date October 22, 2026
Elementary School Pecan Springs
Middle School Martin
High School Northeast Early College
School District Austin ISD

Austin ISD

Pecan Springs · Martin · Northeast Early College

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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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
5215 Overbrook Dr
Manor Hills
$475,000 $321 4 bd / 2 ba 1,480 sqft , 2026-02-01
5505 Manor Rd #A
Manor Hill Sec 02
$475,000 $289 3 bd / 3 ba 1,645 sqft , 2026-11-05
1904 Bunche Rd #A
WOODBRIDGE
$485,000 $341 3 bd / 3 ba 1,421 sqft , 2026-09-25
4709 York Hill Dr
Springdale Hills Sec 02
$489,000 $285 3 bd / 2 ba 1,718 sqft , 2026-07-06
4711 Little Hill Cir
Craigwood Sec 02
$489,900 $272 3 bd / 2 ba 1,800 sqft , 2026-05-19

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
$2,304/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
$95,980
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,619
Property Tax (assumed ~2.1%)−$840
Insurance (assumed ~0.5%)−$200
Est. Monthly Cash Flow $-1,355

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 · 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 October 23, 2026.

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

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