Active Listing  ·  28 days on market

7204 Lombard Ln

Austin, TX 78744
$499,000
3 Bed 3 Bath 2,364 sqft $211/sqft Built 2018 0.19 acres 2-Car Garage Pool Easton Park Sec 1C

Welcome to this gorgeous 3-bedroom, 3-bathroom home in the heart of Easton Park! Thoughtfully designed to live like a single-story, all three bedrooms are conveniently located on the main level, while upstairs offers a versatile bonus space and full bathroom. Currently designed as guest quarters with a Murphy bed and dual-purpose game room, this flexible space offers endless opportunities to make it your own!

The backyard is truly something special, featuring newly installed turf and two spacious side yards, including one with its very own putting green! Whether entertaining, relaxing, or enjoying time outdoors, there's plenty of room to do it all.

Beyond the home, Easton Park offers an incredible lifestyle with a strong sense of community, miles of scenic trails, beautiful parks, resort-style amenities, and endless opportunities to connect with neighbors. This is more than just a home—it's a lifestyle!

At $211/sqft, this home is 46% 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

7204 Lombard Ln, Austin, TX 78744

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,364 sqft
Lot Size 0.19 acres (8,267.69 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Easton Park Sec 1C
County Travis
Zip Code 78744
$/sqft $211/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. $11,316.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249860566
List Date October 15, 2026
Elementary School Newton Collins
Middle School Ojeda
High School Del Valle
School District Del Valle ISD

Del Valle ISD

Newton Collins · Ojeda · Del Valle

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
7200 Stitzel Weller Dr
Skyline 2D Ph 2
$479,990 $228 4 bd / 4 ba 2,105 sqft , 2026-09-08
8211 Knoxville Trl
McKinney Crossing
$521,690 $189 4 bd / 3 ba 2,755 sqft , 2026-09-12
7901 Gilwice Ln
Easton Park
$475,000 $207 4 bd / 3 ba 2,290 sqft , 2026-07-03
7202 Eagle Rose Rd
Easton Park
$524,900 $295 3 bd / 3 ba 1,778 sqft , 2026-10-10
8113 Elijah Craig Way
Easton Park
$524,900 $222 3 bd / 3 ba 2,362 sqft , 2026-10-15

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (assumed ~2.1%)−$873
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 · 41 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. The written content was last updated on November 9, 2026.

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

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