Active Listing  ·  291 days on market

5307 Ledesma Rd

Austin, TX 78721
$440,000
4 Bed 2 Bath 1,721 sqft $256/sqft Built 1976 0.23 acres 2-Car Garage Pool Casa Avila

Excellent opportunity to own an updated home in East Austin with a large ~0.25-acre corner lot. A single level, open floor plan, this is a great layout for small families or multi-generational living. The kichen overlooks the dining and living rooms, and extends to the flex room which can be used as a 5th bedroom, office, game room, or 2nd living. Updates include a durable metal roof to protect from hail, wood-look tiles and stained concrete throughout for beautiful durability, quartz counters in the kitchen, stainless steel appliances, Big Ass Fans in every room, a large wooden deck, and completely fenced rear, side, and front yards. Fully xeriscaped with native rocks and drought-resistant plants and trees, this is ideal for those who prefer low maintenance. Unlike other East Austin homes, this comes with a true to size 2-car garage. Use to protect your vehicles, or easily convert it for more living space, a rare commodity downtown. Lastly, the large corner lot allows for adding extra rooms or bathrooms, making this a home you can truly grow old with.

At $256/sqft, this home is 35% 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

5307 Ledesma Rd, Austin, TX 78721

Property Details

Price $440,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,721 sqft
Lot Size 0.23 acres (10,018.8 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Casa Avila
County Travis
Zip Code 78721
$/sqft $256/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,212.62
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT209480663
List Date October 17, 2025
Elementary School Ortega
Middle School Kealing
High School Liberal Arts and Science Academy (LASA)
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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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 17, 2025 $545,000
Previous ask $445,000
Current ask $440,000
Reduced $105,000 (-19.3%) 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
107 Cartwheel Bnd #49
Rough Hollow
$440,000 $237 3 bd / 3 ba 1,858 sqft , 2026-03-03
2513 Winchell Ln
Knollwood On The Colorado River Sec 01
$440,000 $347 3 bd / 2 ba 1,267 sqft , 2026-05-01
12020 Battle Bridge Dr
Southland Oaks Sec 04 Ph B
$440,000 $290 4 bd / 2 ba 1,517 sqft , 2026-05-08
805 Angleton Cv
Texas Oaks 05
$440,000 $278 3 bd / 2 ba 1,580 sqft , 2026-05-27
14305 Eucalyptus Bnd
Parmer Xing Condos
$440,000 $223 3 bd / 3 ba 1,977 sqft , 2026-06-11

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
$2,112/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
$88,000
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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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