About This Home

*Seller Contributing to Buyer Closing Costs!* This thoughtfully updated home provides plenty of space to grow into, just minutes from downtown! With Two Large Living Spaces, 4 Bedrooms and a Beautiful Backyard Oasis it’s hard to beat this value. Option for 5th bedroom! Located in the coveted Franklin Park neighborhood with close proximity to downtown, ABIA and South Austin’s best Restaurants, Breweries and Entertainment Districts. Recently installed Composite Trex Deck, Native Landscaping, Hardie Plank Siding, plus Recently Replaced HVAC provide a True Turn-Key Home ready for it’s next owners. Reach out to schedule your showing for this Move-In Ready home today!

At $194/sqft, this home is 51% 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

5702 Palo Blanco Ln #A, Austin, TX 78744

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Property Details

Price $339,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,744 sqft

Lot Size 0.09 acres (4,046.72 sqft)

Year Built 1976

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Peppertree Park Sec 03

County Travis

Zip Code 78744

$/sqft $194/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $3,853.24

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT239998881

List Date July 15, 2026

Elementary School Widen

Middle School Mendez

High School Akins

School District ,

Have Questions About This Property?

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 · July 15, 2026 $349,000

Previous ask $345,000

Current ask $339,000

▼ Reduced $10,000 (-2.9%) 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

5318 Hickory Dr
Fairway Ridge Amd $339,000 $206 4 bd / 2 ba 1,646 sqft , 2026-07-15

5406 S Hearsey Dr
VIEWPOINT AT WILLIAMSON CREEK PHS I THE $340,000 $157 3 bd / 3 ba 2,170 sqft , 2026-05-04

5700 Limerock Holw
Village Square $330,000 $260 3 bd / 2 ba 1,269 sqft , 2026-08-29

5108 N Hearsey Dr
Viewpoint At Williamson Creek $350,000 $202 3 bd / 3 ba 1,736 sqft , 2026-08-26

5805 Shaded Cottage Ct #97
Arbor Ridge Condo Amd $325,000 $168 4 bd / 3 ba 1,931 sqft , 2026-07-15

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

$1,627/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

$67,800

20% conventional investment loan

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

Estimated Gross Rent+$1,627

Principal + Interest−$1,850

Property Tax (~2.1% TX avg)−$593

Insurance (~0.5%)−$141

Est. Monthly Cash Flow $-957

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

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 September 9, 2026.

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

5702 Palo Blanco Ln #A