About This Home

You enter the home and are immediately welcomed into the open family room, kitchen, and dining area—designed for comfortable, connected living. Just off the family room, you'll find access to the two-car garage, a laundry room, and two secondary bedrooms that share a full bath. From the dining area, a covered patio offers space to relax outdoors. Also off the dining space is the primary bedroom, complete with a walk-in closet and a private primary bath.

At $229/sqft, this home is 41% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5305 Calluna Dr, Austin, TX 78725

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $323,615

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,412 sqft

Lot Size 0.10 acres (4,356 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Elm Park

County Travis

Zip Code 78725

$/sqft $229/sqft

Days on Market ,

HOA $36/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT242935925

List Date August 10, 2026

Elementary School Hornsby-Dunlap

Middle School Dailey

High School Del Valle

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.

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

4507 E Esper Ln #300
Chaparral Crossing Condo Amd $325,999 $242 3 bd / 2 ba 1,346 sqft , 2026-06-17

5313 Calluna Dr
Elm Park $334,240 $223 3 bd / 2 ba 1,499 sqft , 2026-07-27

15210 Wideleaf Cv
Forest Bluff Sec 05 $336,000 $206 3 bd / 2 ba 1,630 sqft , 2026-06-05

16036 Narcissus Way
Elm Park $354,990 $194 3 bd / 3 ba 1,826 sqft , 2026-07-09

4520 Graceful Ln #489
Chaparral Crossing Condo Amd $290,000 $222 3 bd / 3 ba 1,308 sqft , 2026-05-25

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

$1,553/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

$64,723

20% conventional investment loan

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

Estimated Gross Rent+$1,553

Principal + Interest−$1,766

Property Tax (~2.1% TX avg)−$566

Insurance (~0.5%)−$135

Est. Monthly Cash Flow $-914

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 August 11, 2026.

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

5305 Calluna Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate