Active Listing  ·  102 days on market

7915 Mellencamp Dr

Austin, TX 78744
$315,000
2 Bed 2 Bath 1,437 sqft $219/sqft Built 2021 0.02 acres 2-Car Garage Pool Easton Park

Experience the ultimate "lock and leave" lifestyle at 7915 Mellencamp Dr, a stunning 2021-built home nestled in the heart of Austin’s vibrant Easton Park community. This modern residence features a bright, open-concept layout anchored by a chef’s kitchen with a large quartz island and stainless steel appliances. The thoughtful floor plan is perfectly suited for young professionals, offering excellent separation of space with one bedroom on the main level and a second bedroom upstairs that boasts its own private balcony—an ideal spot for morning coffee or evening relaxation. With the HOA fully maintaining the lawn and landscaping, you are free to enjoy a true "lock and leave" experience and take full advantage of world-class amenities like The Union’s resort-style pool and gym or the miles of scenic hike and bike trails nearby. Located just 15 minutes from the airport and 20 minutes from Downtown Austin, this home offers the perfect balance of contemporary design and effortless, low-maintenance living.

At $219/sqft, this home is 44% 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

7915 Mellencamp Dr, Austin, TX 78744

Property Details

Price $315,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,437 sqft
Lot Size 0.02 acres (967.03 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Easton Park
County Travis
Zip Code 78744
$/sqft $219/sqft
Days on Market ,
HOA $115/Monthly
Annual Tax Est. $7,629.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227553567
List Date April 24, 2026
Elementary School Newton Collins
Middle School Ojeda
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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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 · April 24, 2026 $325,000
Previous ask $319,000
Current ask $315,000
Reduced $10,000 (-3.1%) 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
11221 Kirkland Hill Path
Thornbury Ii Sec 4
$315,000 $235 3 bd / 2 ba 1,342 sqft , 2026-04-10
2632 Century Park Blvd #72
Century Park Condo
$315,000 $205 2 bd / 3 ba 1,540 sqft , 2026-04-11
7504 Redrick Dr
Springfield Ph B Sec 02
$315,000 $181 3 bd / 3 ba 1,736 sqft , 2026-04-16
7910 Lennon Dr
Easton Park
$315,000 $214 2 bd / 3 ba 1,471 sqft , 2026-06-11
6600 Glebe Path
Thornbury Sec 01
$315,000 $235 3 bd / 2 ba 1,342 sqft , 2026-07-03

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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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