About This Home

The main house is 1050 sqft with 3 bedrooms and 2 full baths. The garage its a mother-in-law suit with it own kitchen

and bathroom, its 391sqft. Both units are currently rented Schedule appointment with realtor 24 hours prior showing it.

At $305/sqft, this home is 22% 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

5236 Meadow Creek Dr, Austin, TX 78745

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Property Details

Price $439,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,441 sqft

Lot Size 0.18 acres (7,697.05 sqft)

Year Built 1972

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Emerald Forest Sec 05

County Travis

Zip Code 78745

$/sqft $305/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,666.69

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT210051482

List Date October 23, 2025

Elementary School Odom

Middle School Bedichek

High School Crockett

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 · October 23, 2025 $545,900

Previous ask $449,000

Current ask $439,000

▼ Reduced $106,900 (-19.6%) 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

307 Thistlewood Dr
Community Fairview Sec 04 $440,000 $364 3 bd / 2 ba 1,210 sqft , 2026-09-16

1101 Kenyon Dr
Southwest Park $440,000 $382 3 bd / 3 ba 1,152 sqft , 2026-09-24

6300 Capriola Dr
Cooper Oaks Sec 01 $435,000 $294 3 bd / 2 ba 1,478 sqft , 2026-06-29

806 Philco Dr #2
Greenwood Forest Sec 01 $449,900 $392 3 bd / 3 ba 1,149 sqft , 2026-06-06

1402 Camelot Cir
Greenwood Forest Sec 02 $427,500 $444 3 bd / 1 ba 962 sqft , 2026-05-01

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

$2,107/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

$87,800

20% conventional investment loan

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

Estimated Gross Rent+$2,107

Principal + Interest−$2,396

Property Tax (~2.1% TX avg)−$768

Insurance (~0.5%)−$183

Est. Monthly Cash Flow $-1,240

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 29, 2026.

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

5236 Meadow Creek Dr