About This Home

4 bedroom, 2 bath home on a corner lot. Freddie Mac's First Look Period expires 3-19-26.

At $98/sqft, this home is 60% below the Martindale active market average of $245/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

548 Spring River Dr, Martindale, TX 78655

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Property Details

Price $174,900

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,788 sqft

Lot Size 0.54 acres (23,696.64 sqft)

Year Built 1986

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Spring River Estates

County Caldwell

Zip Code 78655

$/sqft $98/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $4,683.16

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT220071566

List Date February 20, 2026

Elementary School Bowie

Middle School Goodnight

High School San Marcos

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Martindale 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 · February 20, 2026 $244,900

Previous ask $179,900

Current ask $174,900

▼ Reduced $70,000 (-28.6%) 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 Martindale

Comparable Listings Right Now

Homes currently for sale in Martindale 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

325 Trinity River Holw
River Bridge Ranch $172,999 $144 3 bd / 2 ba 1,200 sqft , 2026-07-03

328 Navidad River Dr
River Bridge Ranch $181,999 $132 3 bd / 2 ba 1,380 sqft , 2026-06-16

340 Navidad River Dr
River Bridge Ranch $181,999 $132 3 bd / 2 ba 1,380 sqft , 2026-06-24

225 Trinity River Holw
River Bridge Ranch $182,999 $122 4 bd / 2 ba 1,500 sqft , 2026-04-17

213 Trinity River Holw
River Bridge Ranch $182,999 $122 4 bd / 2 ba 1,500 sqft , 2026-05-07

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

$840/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

$34,980

20% conventional investment loan

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

Estimated Gross Rent+$840

Principal + Interest−$955

Property Tax (~2.1% TX avg)−$306

Insurance (~0.5%)−$73

Est. Monthly Cash Flow $-494

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 Martindale, TX

Martindale 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

About the Author

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 August 12, 2026.

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

548 Spring River Dr