Active Listing  ·  8 days on market

5306 Wellington Dr

Austin, TX 78723
$365,000
3 Bed 1 Bath 945 sqft $386/sqft Built 1960 0.28 acres Pool Windsor Park

What if this home cost about $400 less per month than another home at the exact same price?! With an acceptable offer, the seller is offering a 2-1 interest rate buydown that could reduce a buyer's monthly payment by approximately $400 in the first year.

If you know Windsor Park, you know how special this little pocket of East Austin is. Wide streets, towering pecan and oak trees, mid-century homes, expansive yards, and a neighborhood feel that's getting harder to find this close to the center of the city.

5306 Wellington Dr is filled with natural light and has an easy, welcoming feel throughout. The updated kitchen with quartz countertops brings a fresh touch to the heart of the home.

Out back, the expansive private yard backs to greenspace, creating a peaceful setting for morning coffee, gardening, gatherings, or simply having a little more breathing room.

You're just minutes from Mueller's parks, trails, restaurants, shops, H-E-B, and the Texas Farmers' Market, with local favorites like Cartel Coffee and Mum Foods nearby. UT and downtown Austin are also within easy reach.

A charming home, a great backyard, a seller funded opportunity to lower the initial monthly payment, and one of those established Austin neighborhoods locals love for a reason.

At $386/sqft, this home is 2% 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

5306 Wellington Dr, Austin, TX 78723

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 945 sqft
Lot Size 0.28 acres (12,405.89 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor Park
County Travis
Zip Code 78723
$/sqft $386/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,266.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247928277
List Date September 30, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
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.

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
4913 Single Shot #A Cir
Fort View Hills Sec 01
$369,900 $306 3 bd / 2 ba 1,209 sqft , 2025-06-05
6004 Dunbury Dr
Gaston Park
$360,000 $323 3 bd / 2 ba 1,116 sqft , 2026-08-28
2604 Wheless Ln #1
2604 Wheless Ln Condo
$349,900 $333 2 bd / 3 ba 1,051 sqft , 2026-07-08
4913 Single Shot #B Cir
Fort View Hills Sec 01
$389,900 $321 2 bd / 3 ba 1,215 sqft , 2026-01-14
5220 Hutchinson Dr
Senate Hills Sec. 1
$320,000 $312 3 bd / 2 ba 1,025 sqft , 2026-09-10

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 October 7, 2026.

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