Active Listing  ·  39 days on market

5208 Lomasso Dr

Austin, TX 78747
$483,280
4 Bed 3 Bath 3,007 sqft $161/sqft Built 2026 0.18 acres 2-Car Garage Pool New Construction Cloverleaf

Welcome home to 5208 Lomasso Drive located in the beautiful Cloverleaf community. The open-concept first floor is roomy and bathed in natural light, enjoy high ceilings and modern finishes throughout the home such as wood-look vinyl flooring in the main living spaces and 5 panel interior doors. Enter the kitchen where you’ll be greeted with a center island, Blanco Atlantico Granite countertops, bright white cabinets, a corner pantry, and stainless steel appliances with a gas range. A spacious flex room on the main level offers room to work, play, or relax, while the second-level game room adds another adaptable space that can change as life does. Enjoy a utility room near the front of the home and storage closets below the staircase and on the second floor. Retire to the primary suite where you’ll find a walk-in closet, dual vanity, walk-in shower, and a semi-private water closet. Other amazing highlights include extra added storage under the staircase, and Silestone bathroom vanities.

Enjoy the Cloverleaf community in Austin, just minutes away from downtown and IH-35. The premium community is ideal for an active lifestyle, with nearby experiences such as hiking trails, golf, swimming in Barton Springs, shopping on South Congress, or indulging in the local cuisine.

At $161/sqft, this home is 59% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5208 Lomasso Dr, Austin, TX 78747

Property Details

Price $483,280
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,007 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cloverleaf
County Travis
Zip Code 78747
$/sqft $161/sqft
Days on Market ,
HOA $100/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT240119161
List Date July 16, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
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
11029 Ballybunion Pl
Onion Creek Add
$485,000 $184 3 bd / 3 ba 2,642 sqft , 2026-02-06
5428 San Pietro Dr
Cloverleaf
$480,990 $239 4 bd / 3 ba 2,013 sqft , 2026-05-29
5217 Lomasso Dr
Cloverleaf
$478,520 $159 4 bd / 3 ba 3,007 sqft , 2026-05-21
5420 San Pietro Dr
Cloverleaf
$489,990 $184 5 bd / 4 ba 2,656 sqft , 2026-06-01
11125 Pinehurst Dr #C
One Onion Creek Condo Amd
$475,000 $206 3 bd / 3 ba 2,307 sqft , 2026-07-10

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
$2,320/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
$96,656
20% conventional investment loan

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

Estimated Gross Rent+$2,320
Principal + Interest−$2,637
Property Tax (~2.1% TX avg)−$846
Insurance (~0.5%)−$201
Est. Monthly Cash Flow $-1,364

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 July 17, 2026.

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