Active Listing  ·  8 days on market

7302 Meadowood Dr

Austin, TX 78723
$550,000
3 Bed 2 Bath 1,613 sqft $341/sqft Built 1969 0.21 acres 2-Car Garage Pool Vintage Hills

Located in the highly sought-after Vintage Hills neighborhood in northeast Austin, this

home is both beautiful and functional, with all major systems thoughtfully replaced for

peace of mind. Updates include: *Cast-iron pipes at previous stress points, roof, HVAC, hot water heater *Double-pane windows, gutters, interior/exterior doors, new circuit breaker box, new exterior A/C box *Aluminum wiring throughout for outlets and switches *Smoke detectors and garage wiring upgraded to meet 30-amp requirement *Al new appliances Inside. This home features a modern yet warm design palette, making decorating effortless. Step into the large open living room with vaulted ceilings, luxury vinyl plank flooring, cozy fireplace and wainscoting beautifully crafted on the

walls in the living room illuminating abundant natural light. The living room flows seamlessly into the fully remodeled kitchen, breakfast nook, and dining area-perfect for entertaining. The kitchen is a true showpiece with quartz countertops, Chef's cooktop and stainless-steel appliances. The primary suite is set apart from the secondary bedrooms and offers a spacious en suite bathroom with double sinks and granite tile shower. Walk-in-closets included in each room. Beyond the home itself, you'll love the location: close to the airport, Mueller, downtown, UT, Domain, major employers, shopping, restaurants, two HEBs, and major roads. The Vintage Hills community is known for it's neighborhood potlucks, holiday parades, and friendly community.

At $341/sqft, this home is 13% 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

7302 Meadowood Dr, Austin, TX 78723

Property Details

Price $550,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,613 sqft
Lot Size 0.21 acres (9,334.91 sqft)
Year Built 1969
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills
County Travis
Zip Code 78723
$/sqft $341/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,747.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250110919
List Date October 16, 2026
Elementary School Winn
Middle School Webb
High School Lyndon B Johnson (Austin ISD)
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
3308 Rockhurst Ln
Riverbend Sec 3C At University
$550,000 $340 4 bd / 2 ba 1,616 sqft , 2026-10-23
7007 Fred Morse Dr
Vintage Hills
$549,000 $268 4 bd / 3 ba 2,048 sqft , 2026-07-28
7004 Fred Morse Dr
Vintage Hills Sec 02
$545,000 $376 3 bd / 2 ba 1,450 sqft , 2026-10-14
6904 Langston Dr
Riverbend Sec 1 At University Hills
$530,000 $289 3 bd / 3 ba 1,832 sqft , 2026-09-08
7304 Hartnell Dr
University Hills Sec 04 Ph 04
$525,000 $273 4 bd / 2 ba 1,923 sqft , 2026-08-28

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 18, 2026.

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