Active Listing  ·  49 days on market

5111 Meadow Creek Dr

Austin, TX 78745
$360,000
4 Bed 3 Bath 1,427 sqft $252/sqft Built 1972 0.23 acres Pool Emerald Forest Sec 04

Exceptional opportunity in the highly sought-after 78745 corridor. Situated on a generously sized lot backing directly to Williamson Creek and a scenic greenbelt, this property offers a rare combination of privacy, natural surroundings, and redevelopment potential in one of South Austin's most desirable locations. Ready for renovation and its next chapter.

The single-story floor plan features four bedrooms, two living areas, one full bathroom, and two half bathrooms, providing flexibility for a variety of future uses. The main living area flows into the kitchen, which includes a gas range and is positioned for easy entertaining. A second living space offers additional versatility and could serve as a home office, media room, playroom, or creative studio.

Sliding glass doors open to the backyard, where an in-ground pool overlooks the greenbelt setting. With direct access to the creek and surrounding natural area, the property presents a unique opportunity to create a private outdoor retreat.

Conveniently located just minutes from Ben White Boulevard and IH-35, with quick access to Downtown Austin, South Congress, South Lamar, South First, and St. Elmo District favorites. Enjoy nearby restaurants, coffee shops, entertainment venues, and local shopping while still benefiting from a peaceful, tucked-away setting.

Whether you're seeking a renovation project, investment property, or homesite with long-term upside, this property offers outstanding potential in a prime South Austin location. Property is being sold as-is.

At $252/sqft, this home is 36% 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

5111 Meadow Creek Dr, Austin, TX 78745

Property Details

Price $360,000
Status Active Listing
Beds 4
Full Baths 1
Half Baths 2
Living Area 1,427 sqft
Lot Size 0.23 acres (10,162.55 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Emerald Forest Sec 04
County Travis
Zip Code 78745
$/sqft $252/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236430224
List Date June 16, 2026
Elementary School St Elmo
Middle School Bedichek
High School Travis
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
707 Great Britain Blvd
Buckingham Estates Ph III Sec
$360,000 $309 3 bd / 2 ba 1,166 sqft , 2025-10-17
16019 Agua Vis
NA
$360,000 $348 3 bd / 2 ba 1,033 sqft , 2026-03-13
5510 Manor Rd #A
Fairey Oaks Sec 2
$360,000 $232 3 bd / 2 ba 1,555 sqft , 2026-03-13
704 Buckingham Pl
Buckingham Estates Sec 01
$360,000 $232 3 bd / 2 ba 1,552 sqft , 2026-03-31
10604 Menominee Falls Ln
PIONEER CROSSING EAST
$360,000 $189 4 bd / 2 ba 1,908 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
$1,728/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
$72,000
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,965
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,017

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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