About This Home

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Located in the established Emerald Forest neighborhood of South Austin, 5141 Meadow Creek Drive offers an excellent opportunity in one of the city's most convenient locations. Just minutes from South Congress, St. Elmo, downtown, shopping, dining, and major employers, this property combines a desirable location with outstanding potential.

3 bedroom 2 bathroom, 2 car garage along Williamson Creek. Whether you're looking for a place to make your own or investing in a sought-after South Austin neighborhood, this property presents exceptional value.

At $361/sqft, this home is 8% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5141 Meadow Creek Dr, Austin, TX 78745

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Property Details

Price $365,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,012 sqft

Lot Size 0.39 acres (16,988.4 sqft)

Year Built 1972

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Emerald Forest Sec 4

County Travis

Zip Code 78745

$/sqft $361/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,666.52

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240402673

List Date August 3, 2026

Elementary School St Elmo

Middle School Bedichek

High School Travis

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 · August 3, 2026 $365,000

Previous ask $399,000

Current ask $365,000

▲ Increased , (+0.0%) 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

302 Shadow Bend Cv
Sweetbriar Village $355,000 $308 3 bd / 2 ba 1,152 sqft , 2026-06-27

4801 S Congress Ave #N2
Bel Air Condo Amd $350,000 $292 2 bd / 2 ba 1,200 sqft , 2026-07-17

404 Normandy St
Placidena $349,900 $335 2 bd / 1 ba 1,046 sqft , 2026-08-20

902 Austin Highlands Blvd
Austin Highlands Sec 01 $384,888 $362 3 bd / 2 ba 1,064 sqft , 2026-07-10

408 Blueberry Hl
Flournoys Sweetbriar Sec 11 $385,000 $390 3 bd / 2 ba 988 sqft , 2026-06-05

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

$1,752/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

$73,000

20% conventional investment loan

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

Estimated Gross Rent+$1,752

Principal + Interest−$1,992

Property Tax (~2.1% TX avg)−$639

Insurance (~0.5%)−$152

Est. Monthly Cash Flow $-1,031

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

About the Author

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 September 22, 2026.

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

5141 Meadow Creek Dr