Active Listing  ·  3 days on market

5706 Tura Ln

Austin, TX 78721
$500,000
3 Bed 2 Bath 1,152 sqft $434/sqft Built 1982 0.28 acres Pool Hobbs Add

Land-value opportunity in East Austin. This 1982 single-story home sits at the end of a quiet cul-de-sac on a 0.28-acre (approx. 12,200 sq ft) triangular lot that backs to greenbelt, with a circular drive and a gated side parking pad. Under the City of Austin's HOME code, SF-3 lots may allow up to three units, making this a strong candidate for a builder or investor. Buyer to verify zoning, recorded plat covenants, easements, tree protections and all development potential with the City of Austin. The house is dated and is being sold as-is: buyers should expect to replace the roof and budget for bathroom, ceiling and flooring work. Current layout has 3 bedrooms, 2 full baths, a galley kitchen with gas range, French doors to a large fenced backyard, and a metal storage shed. Survey available. Minutes to downtown, the airport and East Side dining.

At $434/sqft, this home is priced 11% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5706 Tura Ln, Austin, TX 78721

Property Details

Price $500,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,152 sqft
Lot Size 0.28 acres (12,196.8 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hobbs Add
County Travis
Zip Code 78721
$/sqft $434/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,350
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT121833789
List Date October 5, 2026
Elementary School Ortega
Middle School Martin
High School Eastside Early College
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
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25
4600 Alf Ave
Springdale Add
$499,000 $500 2 bd / 1 ba 998 sqft , 2026-09-11
911 Calle Limon None #2
Von Rosenberg Gardens
$495,000 $379 2 bd / 3 ba 1,307 sqft , 2026-07-30
909 Calle Limon None #3
Von Rosenberg Gardens
$495,000 $381 2 bd / 3 ba 1,299 sqft , 2026-08-24
1120 Spur St
Pecan Valley
$492,500 $395 3 bd / 2 ba 1,248 sqft , 2026-04-17

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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 6, 2026.

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