Active Listing  ·  68 days on market

7400 Peggie Nell Dr

Austin, TX 78724
$399,000
4 Bed 2 Bath 1,854 sqft $215/sqft Built 2021 0.18 acres 2-Car Garage Pool Parker Station

Move-in ready and freshly painted, this stylish 4-bedroom, 2-bath home offers modern living with an unbeatable Austin location. The open-concept floor plan is designed for both everyday comfort and entertaining, featuring a spacious kitchen with beautiful quartz countertops, gas cooking, upgraded BOSCH dishwasher, abundant prep space, and an oversized continuous island that comfortably seats four bar stools.

The private primary suite is a standout feature, offering two walk-in closets, and a full linen closet for exceptional storage and organization. Three additional bedrooms provide flexibility for guests, a home office, or growing households.

Step outside to the covered patio and enjoy expansive views while sipping your morning coffee or relaxing at the end of the day. The outdoor living space is the perfect place to take in Austin's beautiful weather year-round. The 2 Car garage shines with beautiful epoxy flooring!

Located in Parker Station, residents enjoy access to a beautiful community swimming pool, splash pad, playscape, and common grilling areas providing fun and recreation just steps from home. Strolling through the community enjoy views of downtown Austin! Conveniently located with easy access to major employers including Tesla, Samsung, Dell, and Applied Materials, this home also places you just minutes from Downtown Austin, The Domain, Q2 Stadium and The Austin Rodeo! Enjoy a quick commute, easy access to shopping, dining, entertainment, and everything that makes Austin one of the country's most desirable cities.

Combining modern design, functional living spaces, scenic views, community amenities, and a prime location, 7400 Peggie Nell is ready for you to call it home!

At $215/sqft, this home is 45% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7400 Peggie Nell Dr, Austin, TX 78724

Property Details

Price $399,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,854 sqft
Lot Size 0.18 acres (7,836.44 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parker Station
County Travis
Zip Code 78724
$/sqft $215/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $5,977
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236308044
List Date June 16, 2026
Elementary School Decker
Middle School Decker
High School Manor
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 16, 2026 $425,000
Current ask $399,000
Reduced $26,000 (-6.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
7713 Saddle Up Dr
PARKER STATION
$398,000 $222 3 bd / 3 ba 1,795 sqft , 2026-06-11
7809 Jackson Graham Dr
PARKER STATION
$390,000 $217 3 bd / 3 ba 1,795 sqft , 2026-06-18
6001 Perlita None
Meadows at Trinity Crossing
$389,000 $248 3 bd / 3 ba 1,569 sqft , 2026-07-21
7812 City Top Blvd
Parker Station
$380,000 $207 4 bd / 2 ba 1,837 sqft , 2026-07-09
7709 City Top Blvd
Parker Station
$425,000 $231 4 bd / 2 ba 1,837 sqft , 2026-07-22

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 August 20, 2026.

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