Active Listing  ·  11 days on market

5421 Blue Bird Ln #2

Austin, TX 78745
$389,000
2 Bed 3 Bath 1,056 sqft $368/sqft Built 2020 0.06 acres Pool BLUE BIRD CONDOMINIUMS

Welcome to The Blue Bird Residence, a newer-built home tucked away on a quiet street in South Austin. Beautiful engineered wood flooring runs throughout both levels, while the thoughtfully designed layout offers comfortable living and entertaining spaces.

The main level is the heart of the home, featuring an open-concept living and kitchen area. The kitchen offers stainless steel appliances, a spacious 10-foot peninsula island with comfortable seating for up to four barstools, and an ample pantry. A convenient half bath completes the first floor.

Upstairs, you'll find two spacious bedrooms, each with its own ensuite bathroom, along with a dedicated laundry closet equipped with a washer and dryer hook-ups.

Outside, the gated backyard and patio provide a private space for relaxing or entertaining, with plenty of room for a cowboy pool, cornhole, or outdoor seating. The front of the property includes a one-car carport plus additional parking for two vehicles.

The Blue Bird Residence is ideally located just around the corner from South Austin favorites including St. Elmo Brewing Company, Still Austin Whiskey Co., Sagebrush, and Padel39. Enjoy easy access to South First Street and the South Congress District, with popular restaurants and shops including Elizabeth Street Café, Aba, and Perla's. Downtown Austin and Austin-Bergstrom International Airport are both less than 15 minutes away.

At $368/sqft, this home is 6% 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

5421 Blue Bird Ln #2, Austin, TX 78745

Property Details

Price $389,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,056 sqft
Lot Size 0.06 acres (2,517.77 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision BLUE BIRD CONDOMINIUMS
County Travis
Zip Code 78745
$/sqft $368/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,650.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248222514
List Date September 28, 2026
Elementary School Pleasant Hill
Middle School Bedichek
High School Crockett
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
902 Austin Highlands Blvd
Austin Highlands Sec 01
$384,888 $362 3 bd / 2 ba 1,064 sqft , 2026-07-10
407 Tamworth Ave
Greenwood Hills Sec 04
$379,900 $397 3 bd / 2 ba 956 sqft , 2026-09-28
5413 Blue Bird Ln #2
Blue Bird Condominiums
$379,000 $367 2 bd / 3 ba 1,032 sqft , 2026-09-08
4510 Terry-O Ln #302
S Austin Industrial Park
$399,000 $356 2 bd / 2 ba 1,122 sqft , 2025-12-24
402 Philco Dr
Alamo Heights Sec 02
$399,000 $329 3 bd / 1 ba 1,212 sqft , 2026-08-05

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
$1,867/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
$77,800
20% conventional investment loan

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

Estimated Gross Rent+$1,867
Principal + Interest−$2,123
Property Tax (~2.1% TX avg)−$681
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,099

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 4, 2026.

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