Active Listing  ·  107 days on market

5905 Diamondleaf Bnd

Austin, TX 78724
$345,000
4 Bed 3 Bath 2,216 sqft $156/sqft Built 2018 0.20 acres 2-Car Garage Pool Forest Bluff

Welcome to 5905 Diamondleaf Bend, a well-maintained home offering comfort, space, and an exceptional location only 10 minutes from Tesla Gigafactory Texas. Nestled on a quiet cul-de-sac, this property backs to a scenic greenbelt with tranquil pond views and no rear neighbors, providing rare privacy and a peaceful natural setting. Inside, the open-concept layout is filled with natural light and features a spacious living area and a modern kitchen with ample storage and workspace, perfect for everyday living and entertaining. The primary suite offers a relaxing retreat with a private bath and generous closet space, while additional bedrooms provide flexibility for guests, a home office, or hobbies. Step outside to a large backyard ideal for gatherings, play, or simply enjoying the serene surroundings.

Ideally located in East Austin, this home is approximately 15–20 minutes to downtown Austin, and roughly 15 minutes to Austin-Bergstrom International Airport. Everyday conveniences are close by, with grocery options like H-E-B and Walmart just a short drive away. With easy access to major highways, commuting and enjoying all that Austin has to offer is simple and convenient.

At $156/sqft, this home is 60% 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

5905 Diamondleaf Bnd, Austin, TX 78724

Property Details

Price $345,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,216 sqft
Lot Size 0.20 acres (8,759.92 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Forest Bluff
County Travis
Zip Code 78724
$/sqft $156/sqft
Days on Market ,
HOA $34/Monthly
Annual Tax Est. $6,169
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227559098
List Date April 29, 2026
Elementary School Gilbert
Middle School Dailey
High School Del Valle
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
6121 Ronee Leah Dr
Tiermo
$350,000 $132 5 bd / 3 ba 2,651 sqft , 2026-06-17
15210 Wideleaf Cv
Forest Bluff Sec 05
$336,000 $206 3 bd / 2 ba 1,630 sqft , 2026-06-05
16036 Narcissus Way
Elm Park
$354,990 $194 3 bd / 3 ba 1,826 sqft , 2026-07-09
6320 Diamondleaf Bnd
Tiermo
$330,000 $174 4 bd / 2 ba 1,900 sqft , 2026-02-18
13005 Brahmin Dr
Gilbert Lane
$365,000 $138 4 bd / 3 ba 2,651 sqft , 2026-07-16

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
$1,656/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
$69,000
20% conventional investment loan

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

Estimated Gross Rent+$1,656
Principal + Interest−$1,883
Property Tax (~2.1% TX avg)−$604
Insurance (~0.5%)−$144
Est. Monthly Cash Flow $-975

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 23, 2026.

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