Active Listing  ·  31 days on market

5120 Bluestar Dr

Austin, TX 78739
$740,000
3 Bed 3 Bath 2,523 sqft $293/sqft Built 2001 0.13 acres 2-Car Garage Pool Circle C Ranch Phs C Sec 8-b

Located in highly sought after Circle C Wildflower Park and just steps from neighborhood green space and a play area, this beautifully maintained home features a spa-like remodeled primary bathroom, a huge deck shaded by a 100-year-old oak tree, hand scraped acacia wood floors, fresh interior paint, updated windows and carpet, and a 2021 roof. Circle C Wildflower Park is known for its tree lined streets, top rated schools including Kiker, Gorzycki, and Bowie, and easy access to everything that makes Circle C special. Located off LaCrosse near Mopac, this home offers one of the easiest commutes to downtown from Circle C while still enjoying a quiet neighborhood feel. Inside, natural light fills the spacious living room with fireplace. The kitchen features granite countertops, a center island, generous cabinet space, and a large window overlooking the backyard. Multiple dining and living areas provide flexibility for gatherings, working from home, or additional living space. Upstairs, the second living area functions as a game room, media room, or flex space. The remodeled primary bathroom offers a spa-like retreat with a large walk in shower and dual sink vanity. Secondary bedrooms are well sized. Outside, the huge deck shaded by a magnificent 100-year-old oak tree creates an incredible space to entertain, dine outdoors, or relax in the shade. The large backyard offers additional room to play and garden! Wildflower Park is just around the corner with open green space and a play area. Residents enjoy Circle C’s many pools, parks, shopping, dining, and Alamo Drafthouse. Nature enthusiasts will love having some of South Austin’s best outdoor amenities right outside their door. Bluestar is in the same neighborhood as the Lady Bird Johnson Wildflower Center and the Veloway, with connections to the Violet Crown Trail and miles of greenbelt trails. Walk, bike, explore, or simply enjoy having it all just steps from home.

At $293/sqft, this home is 25% 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

5120 Bluestar Dr, Austin, TX 78739

Property Details

Price $740,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,523 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Circle C Ranch Phs C Sec 8-b
County Travis
Zip Code 78739
$/sqft $293/sqft
Days on Market ,
HOA $1,058/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245816632
List Date September 8, 2026
Elementary School Kiker
Middle School Gorzycki
High School Bowie
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 · September 8, 2026 $750,000
Current ask $740,000
▼ Reduced $10,000 (-1.3%) 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
3915 Idalia Dr
Oak Creek Parke Sec 04
$750,000 $243 4 bd / 3 ba 3,081 sqft , 2026-09-11
8610 Axis Dr
Deer Park At Maple Run Sec 10
$689,000 $253 4 bd / 3 ba 2,718 sqft , 2026-04-30
5704 Trelawney Ln
Circle C Ranch Ph B Sec 18
$799,500 $274 4 bd / 3 ba 2,913 sqft , 2026-07-10
3709 Leadville Dr
Oak Creek Parke Sec 02
$645,000 $232 4 bd / 3 ba 2,780 sqft , 2026-09-04
5721 Trelawney Ln
Circle C Ranch Ph B Sec 18
$645,000 $298 4 bd / 2 ba 2,163 sqft , 2026-09-09

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
$3,552/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
$148,000
20% conventional investment loan

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

Estimated Gross Rent+$3,552
Principal + Interest−$4,038
Property Tax (~2.1% TX avg)−$1,295
Insurance (~0.5%)−$308
Est. Monthly Cash Flow $-2,089

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 October 8, 2026.

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