Active Listing  ·  77 days on market

5263 MEADOW CREEK Dr

Austin, TX 78745
$395,800
3 Bed 2 Bath 1,413 sqft $280/sqft Built 1972 Pool EMERALD FOREST SEC 5

Great News- This home qualifies for $7,500.00 Closing Cost Assistance, Plus a $10,000.00 Down Payment Assistance Grant. A First Time Home Buyer qualifies for Both Grants. If not a First Time Homebuyer, they only qualify for the $10,000.00 Down Payment Grant. Income limits up to $200,700.

Welcome to 5263 Meadow Creek Dr, a well-kept home in a quiet, established Austin neighborhood—offering solid bones, a functional layout, and the perfect opportunity to add your personal touch.

This home has been well-maintained over the years and is in good overall condition, with classic finishes that are ready for easy cosmetic updates. Whether you’re a first-time buyer looking for value, an investor seeking a reliable property, or someone who loves customizing a space, this home delivers flexibility and potential.

Inside, you’ll find bright living areas, a comfortable kitchen, and spacious bedrooms that offer a great foundation for modern upgrades. The backyard provides plenty of room for gardening, pets, or outdoor entertaining—an inviting space to make your own.

With its convenient Austin location, close to shopping, dining, parks, and major commuter routes, this home combines practicality with long-term upside. Move in now, update as you go, and enjoy the benefits of a property with strong fundamentals in a desirable area.

A solid home with room to grow—ready for its next chapter.

Beautiful home, prime location, and priced to move quickly! Anticipate heavy interest and potential multiple offers. Serious buyers should contact their Realtor immediately to tour and submit their strongest offer.

At $280/sqft, this home is 28% 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

5263 MEADOW CREEK Dr, Austin, TX 78745

Property Details

Price $395,800
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,413 sqft
Lot Size ,
Year Built 1972
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision EMERALD FOREST SEC 5
County Travis
Zip Code 78745
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,469
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229492442
List Date May 19, 2026
Elementary School St Elmo
Middle School Bedichek
High School Travis
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.

Schedule a Call →

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
2320 Gracy Farms Ln #1414
Stoneleigh Condo Amd
$395,911 $332 3 bd / 2 ba 1,192 sqft , 2026-02-02
10841 Tallsalt Dr
Evelyn
$395,990 $250 4 bd / 2 ba 1,587 sqft , 2026-06-15
8820 Marmoset Way
Prospect Park Ph 1
$395,990 $244 3 bd / 3 ba 1,622 sqft , 2026-07-09
2502 Leon St #505
Texan Shoal Creek
$396,000 $376 3 bd / 2 ba 1,054 sqft , 2025-06-09
1101 Huntridge Dr
Gracywoods Sec 02
$395,000 $250 3 bd / 2 ba 1,580 sqft , 2026-03-14

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
$1,900/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
$79,160
20% conventional investment loan

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

Estimated Gross Rent+$1,900
Principal + Interest−$2,160
Property Tax (~2.1% TX avg)−$693
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,118

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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