Active Listing  ·  65 days on market

5701 Glen Meadow Dr

Austin, TX 78745
$235,000
2 Bed 2 Bath 962 sqft $244/sqft Built 1974 0.16 acres Pool Flournoys Sweetbriar Sec 10

**Investor Special in South Austin – Prime Corner Lot Opportunity!**

Unlock the potential at **5701 Glen Meadow Dr.** This **3-bedroom, 2-bath** home sits on a desirable **corner lot** in South Austin and is ready for a complete transformation. The interior has been **fully gutted to the studs**, providing a blank canvas for investors, flippers, or buyers looking to customize every detail from the ground up.

The home features **concrete floors**, **fully functional plumbing and electrical systems**, an **approximately 1-year-old HVAC system**, and a **roof that's approximately 10 years old**, helping reduce some major renovation costs.

Outside, you'll find a **spacious backyard with mature trees**, offering plenty of room for entertaining, landscaping, or future improvements. A **1-car attached carport** and an extended driveway provide additional off-street parking.

Whether you're looking for your next renovation project or an investment with strong upside potential, this property offers an excellent opportunity in an established South Austin neighborhood with convenient access to shopping, dining, major highways, and downtown Austin.

**Bring your vision and make this property shine! Sold as-is.**

At $244/sqft, this home is 38% 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

5701 Glen Meadow Dr, Austin, TX 78745

Property Details

Price $235,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 962 sqft
Lot Size 0.16 acres (6,812.78 sqft)
Year Built 1974
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Flournoys Sweetbriar Sec 10
County Travis
Zip Code 78745
$/sqft $244/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,916.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240585992
List Date July 20, 2026
Elementary School Pleasant Hill
Middle School Bailey
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.

Schedule a Call →

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 · July 20, 2026 $275,000
Previous ask $249,900
Current ask $235,000
Reduced $40,000 (-14.5%) 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
402 Bramble Dr
Flournoys Sweetbriar Sec 05
$239,500 $277 3 bd / 1 ba 864 sqft , 2026-09-14
512 Eberhart Ln #1003
Sweetbriar Garden Homes Condominium
$229,919 $228 2 bd / 2 ba 1,010 sqft , 2026-05-14
512 Eberhart Ln #204
Sweetbriar Garden Homes Condom
$225,000 $223 2 bd / 2 ba 1,010 sqft , 2026-04-10
4361 S Congress Ave #527
Public Condos Bldg 2
$225,000 $300 1 bd / 1 ba 749 sqft , 2026-06-03
604 N Bluff Dr #136
Skybridge Lofts Amd
$220,000 $234 1 bd / 2 ba 941 sqft , 2026-06-18

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
$1,128/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
$47,000
20% conventional investment loan

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

Estimated Gross Rent+$1,128
Principal + Interest−$1,282
Property Tax (~2.1% TX avg)−$411
Insurance (~0.5%)−$98
Est. Monthly Cash Flow $-663

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 2, 2026.

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