Active Listing  ·  123 days on market

700 Corral Ln

Austin, TX 78745
$699,000
3 Bed 2 Bath 2,171 sqft $322/sqft Built 1954 1.01 acres Pool Circle S Ridge Sec 01

Truly a unicorn for creators and artisans boasting an almost impossible array of assets and attributes in 2026 Austin. An absolutely quintessential stacked stone mid-century home with the long sexy lines, classic stone elements penetrate the facade into the foyer and breakfast nook, the keystone arched passageways, round vents - all still in amazing original condition and configuration. But that is just the baseline. Add to that several creator spaces. A workshop, currently being used by a metal artisan but easily adapted to other like uses. Additional outdoor workspace on the massive coverage back porch, two shipping containers on the wide open, full one acre lot. There is a viable home salon room with a sink and chair as well as a full bath to serve these two work spaces. All of this in addition to a generous 3 bedroom / 2 bath home in great condition. Just over an acre of level, fully fenced land, great for dogs, kids, expansion of any kind from more work or play space to adding additional residences. It is being marketed with the acre next door as a 2 ac urban development project, but it would be truly tragic if this home wasnt saved, not just because of the architectural significance of the home itself but to preserve one of the increasingly rare opportunities for this type of central Austin creator space + land. Its the old school version of an Austin ‘lifestyle home’. Call LA for more info or for showing instructions.

At $322/sqft, this home is 18% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

700 Corral Ln, Austin, TX 78745

Property Details

Price $699,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,171 sqft
Lot Size 1.01 acres (43,999.96 sqft)
Year Built 1954
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Circle S Ridge Sec 01
County Travis
Zip Code 78745
$/sqft $322/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,890.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223826079
List Date April 3, 2026
Elementary School Pleasant Hill
Middle School Bedichek
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 →

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
8200 Southwest Pkwy #321
Escondera Condominium
$699,000 $294 3 bd / 2 ba 2,376 sqft , 2026-04-03
8115 Rockwood Ln #B
Northtowne West Sec 01
$699,000 $342 3 bd / 3 ba 2,045 sqft , 2026-03-19
6129 Sendero Hills Pkwy
Meadows At Trinity Crossing Ph
$699,000 $241 4 bd / 3 ba 2,902 sqft , 2025-11-22
3204 Lyons Rd #1
Delzell Sec 02
$699,000 $474 3 bd / 3 ba 1,476 sqft , 2026-04-21
10004 Scull Creek Dr
River Place Sec 07B
$699,000 $260 4 bd / 3 ba 2,687 sqft , 2026-06-09

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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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