Active Listing  ·  12 days on market

5408 Jason Dr

Austin, TX 78723
$535,000
4 Bed 3 Bath 2,099 sqft $255/sqft Built 2022 0.12 acres 2-Car Garage Pool Park/Fifty One East Condos

Offering 2,099 square feet of thoughtfully designed living space, 5408 Jason Drive features four bedrooms, two and a half bathrooms, and a versatile two-story layout in the heart of 78723. Well maintained and in excellent condition, the home offers generous living spaces with plenty of room to gather, entertain, and enjoy everyday life. Four well-proportioned bedrooms provide flexibility for guests, a home office, or additional living space, while the primary suite serves as a private retreat. The upgraded backyard is designed for effortless outdoor living, featuring artificial turf, pavers surrounding a fire pit, string lights, a built-in bench, and a Trex deck. A covered patio provides additional space for dining and entertaining. The property also includes a two-car garage for convenient parking and storage. Ideally located near Mueller, the home is just minutes from neighborhood parks and trails, the Mueller Farmers’ Market, H-E-B, restaurants, coffee shops, and entertainment, with convenient access to downtown Austin, the University of Texas, Dell Children’s Medical Center, and the best of East Austin. With its spacious floor plan, upgraded outdoor space, and central location, 5408 Jason Drive offers an exceptional opportunity to enjoy the convenience and energy of 78723.

At $255/sqft, this home is 35% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5408 Jason Dr, Austin, TX 78723

Property Details

Price $535,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,099 sqft
Lot Size 0.12 acres (5,209.78 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Park/Fifty One East Condos
County Travis
Zip Code 78723
$/sqft $255/sqft
Days on Market ,
HOA $117/Monthly
Annual Tax Est. $10,542.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245234965
List Date September 10, 2026
Elementary School Pecan Springs
Middle School Martin
High School McCallum
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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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
5304 Basswood Ln
Windsor Park Hills Sec 07
$529,000 $361 3 bd / 2 ba 1,464 sqft , 2026-07-24
5116 Heflin Ln #2
Lincoln Gardens
$525,000 $328 4 bd / 3 ba 1,599 sqft , 2026-07-13
5308 Downs Dr #2
Truman Heights
$545,000 $345 3 bd / 3 ba 1,580 sqft , 2026-08-27
5001 Pecan Springs Rd #31
St Stephens Square-Ph 3
$569,900 $342 3 bd / 3 ba 1,664 sqft , 2026-08-21
5503 Manor Rd
Manor Hill Sec 02
$500,000 $242 3 bd / 2 ba 2,063 sqft , 2026-04-10

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
$2,568/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
$107,000
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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 22, 2026.

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