Active Listing  ·  41 days on market

5201 E E. MLK Jr Blvd #6106

Austin, TX 78721
$599,990
3 Bed 3 Bath 1,590 sqft $377/sqft Built 2026 0.03 acres Pool New Construction Stone Gate

Welcome to Overlook, a private gated townhome community tucked alongside Blair Woods Nature Preserve in East Austin. This 3-bedroom, 2.5-bath townhome offers a thoughtfully designed layout with a roof top terrace and third floor flex space ideal for a home office, gym, or media room. The main living level features an open-concept kitchen, dining, and living area with quartz countertops, a waterfall-edge island, stainless steel appliances including Kitchen Aid electric range, and wide-plank wood-look luxury vinyl flooring throughout. Upstairs, the primary suite includes a private bath and walk-in closet, alongside two additional bedrooms, a shared full bath, and a conveniently located laundry closet. Enjoy a private fenced backyard backing to green space, plus a covered carport with two parking spaces, a storage closet, and a 220 EV charger outlet. The HOA covers landscaping, exterior maintenance, and common areas for an easy, lock-and-leave lifestyle. Residents enjoy immediate access to walking trails and green space, with quick connections to Mueller, downtown Austin, the University of Texas, and Austin-Bergstrom International Airport. A rare opportunity to own in this quiet, nature-connected pocket of East Austin. New construction, AVAILABLE NOW!

At $377/sqft, this home is 4% 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

5201 E E. MLK Jr Blvd #6106, Austin, TX 78721

Property Details

Price $599,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,590 sqft
Lot Size 0.03 acres (1,398.28 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Stone Gate
County Travis
Zip Code 78721
$/sqft $377/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241912712
List Date August 13, 2026
Elementary School Sims
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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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
1704 Webberville Rd
Flournoys Eastern Hills Sec 01
$579,000 $347 3 bd / 2 ba 1,670 sqft , 2026-09-12
4805 Louis Ave
Eastfield
$575,000 $349 4 bd / 2 ba 1,648 sqft , 2026-03-20
5001 Bundyhill Dr
Crest Hills Sec 02
$575,000 $366 3 bd / 2 ba 1,571 sqft , 2026-08-19
1160 Lott Ave #A
Masonfield
$575,000 $338 3 bd / 3 ba 1,701 sqft , 2026-09-10
1800 WEBBERVILLE Rd #B
Flournoys Eastern Hills
$574,990 $341 3 bd / 3 ba 1,685 sqft , 2026-05-14

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
$2,880/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
$119,998
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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 September 20, 2026.

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