Active Listing  ·  149 days on market

5704 Levenwood Ln

Austin, TX 78724
$270,000
3 Bed 2 Bath 1,207 sqft $224/sqft Built 2015 0.12 acres 2-Car Garage Pool Woodlands Sec 06

Beautiful Home in Prime Location! Discover this charming 3-bedroom, 2-bath home with a 2-car garage, perfectly priced and ideally located! Step inside to a bright, open floor plan featuring a spacious living area and a modern kitchen with a center island, breakfast nook, and brand-new stove! Fresh paint, NEW tile flooring & luxury vinyl plank throughout, give this home a fresh, updated feel. NO CARPET! Enjoy the convenience of a dedicated mudroom/laundry room with plenty of extra storage space. Residents of Woodland Hills appreciate the scenic walking and biking trails, community pool, park, fishing pond, and picnic areas, all just steps away. Whether you're looking for your first home or a smart investment, this property offers exceptional value and comfort in a welcoming neighborhood.

At $224/sqft, this home is 43% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5704 Levenwood Ln, Austin, TX 78724

Property Details

Price $270,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,207 sqft
Lot Size 0.12 acres (5,183.64 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Woodlands Sec 06
County Travis
Zip Code 78724
$/sqft $224/sqft
Days on Market ,
HOA $100/Quarterly
Annual Tax Est. $6,503.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222935249
List Date March 18, 2026
Elementary School Oak Meadows
Middle School Decker
High School Manor
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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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 · March 18, 2026 $298,000
Previous ask $275,000
Current ask $270,000
Reduced $28,000 (-9.4%) 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
12500 Lamppost Ln #17
CAPITAL A CONDOMINIUMS AT LAMPPOST
$270,000 $181 3 bd / 2 ba 1,488 sqft , 2025-10-14
6900 E Riverside Dr #31
Arbors At Riverside Condo The
$270,000 $206 2 bd / 3 ba 1,312 sqft , 2026-06-23
8921 Stambourne St
Sheldon 230 Sec 02 Ph 05
$270,000 $243 3 bd / 2 ba 1,111 sqft , 2026-06-25
11203 Ranch Road 2222 None #2203
Alicante Condo Twnhms Amd
$270,000 $214 2 bd / 3 ba 1,259 sqft , 2026-07-04
1000 Verbena Dr #1357R
Villas Anderson Mill Condos Unit 1054A Bl
$270,000 $199 3 bd / 2 ba 1,356 sqft , 2026-07-09

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
$1,296/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
$54,000
20% conventional investment loan

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

Estimated Gross Rent+$1,296
Principal + Interest−$1,474
Property Tax (~2.1% TX avg)−$473
Insurance (~0.5%)−$113
Est. Monthly Cash Flow $-764

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 July 30, 2026.

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