Active Listing  ·  49 days on market

5308 Meadow Crst

Austin, TX 78744
$285,000
3 Bed 2 Bath 1,486 sqft $192/sqft Built 1986 0.13 acres 2-Car Garage Pool Williamson Creek Sec 02

Honey, stop the car ! This inviting 3-bedroom, 2-bath home offers an open and versatile layout with plenty of space to live, work, and entertain. A bedroom and full bath are conveniently located downstairs, while the remaining bedrooms are upstairs—perfect for guests, a home office, or added privacy. The kitchen opens seamlessly to the living and dining areas, creating a welcoming gathering space complemented by high ceilings and an open floor plan.

Step outside to enjoy the covered patio and spacious backyard, offering plenty of room to relax, entertain, garden, or play. A 2-car garage adds everyday convenience and storage.

And the location? Hard to beat! Just minutes from Downtown Austin and Austin-Bergstrom International Airport, with easy access to Circuit of The Americas, The University of Texas, Jimmy Clay Golf Course, Dove Springs, and McKinney Falls State Park. Close to shopping, dining, and everyday conveniences, and located within Austin ISD. Whether you're heading downtown, catching a flight, enjoying the outdoors, or exploring everything Austin has to offer, this home puts you close to it all!

At $192/sqft, this home is 51% 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

5308 Meadow Crst, Austin, TX 78744

Property Details

Price $285,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,486 sqft
Lot Size 0.13 acres (5,841.4 sqft)
Year Built 1986
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Williamson Creek Sec 02
County Travis
Zip Code 78744
$/sqft $192/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,935.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242166461
List Date August 4, 2026
Elementary School Widen
Middle School Mendez
High School Akins
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 · August 4, 2026 $325,000
Previous ask $299,000
Current ask $285,000
Reduced $40,000 (-12.3%) 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
5436 Juniper Junction Ln #83
Arbor Ridge Condo Amd
$289,500 $196 3 bd / 3 ba 1,479 sqft , 2026-09-03
4808 Brook Crest Rd
Williamson Creek Sec 01-A
$280,000 $277 3 bd / 2 ba 1,012 sqft , 2026-09-01
4805 Crest Oak Rd
Williamson Creek Sec 01-A
$279,000 $239 3 bd / 2 ba 1,169 sqft , 2026-08-08
4600 Cedargrove Dr
Franklin Park Amd
$275,000 $217 3 bd / 2 ba 1,265 sqft , 2026-06-04
5917 Red Bud Ridge Ln #20
Arbor Ridge Condo Amd
$299,999 $203 3 bd / 3 ba 1,479 sqft , 2026-07-26

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 September 8, 2026.

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