Active Listing  ·  3 days on market

2002 Meadowbrook Dr

Austin, TX 78703
$1,875,000
3 Bed 2 Bath 1,954 sqft $960/sqft Built 1948 0.19 acres Pool Tarry Town 03

This 1948 single-story mid-century modern home sits on one of Tarrytown's most desirable streets, lined with gorgeous mature trees and set on a wide, quiet road. The home has been fully updated without losing its character. Vaulted ceilings carry across the main living space, wood and tile floors run underfoot, and a fireplace anchors the living room for the months Austin actually gets cold. The kitchen is the kind that gets used: green cabinetry, a center island, a six-burner Thermador range, and a Sub-Zero refrigerator, suited to someone who actually cooks rather than just photographs it. Three bedrooms sit on the main level, including a primary suite and a third bedroom built around a raised sleeping loft, the detail every buyer remembers after walking through. The current owners have put real work into this home. They updated and upgraded the kitchen, added solid hardwood floors throughout, replaced the windows, and invested in landscaping improvements including irrigation for the backyard. A separate attached space off the main house opens up options: a gym, an art studio, a yoga room, a podcast room, a playroom, or an extra TV room, whatever the next owner actually needs. A screened porch and a private deck step down into a level, fenced back yard on nearly a fifth of an acre, big enough for a garden bed, a dog, or a table that seats ten on a Saturday night. The systems are already handled: central heat and air, gas utilities, and a membrane roof, so the next owner inherits none of the usual to-do list. The location is what makes Tarrytown Tarrytown. Lake Austin and the Muny golf course are minutes away, along with Mozart's for coffee on Lake Austin water and WAYA for children's sports and activities. HEB Lake Austin and Randalls cover the everyday errands without ever leaving the neighborhood. Zoned to Austin ISD's Casis Elementary, O. Henry Middle, and Austin High, this is a fully updated Tarrytown home ready to move into now.

At $960/sqft, this home is priced 146% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2002 Meadowbrook Dr, Austin, TX 78703

Property Details

Price $1,875,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,954 sqft
Lot Size 0.19 acres (8,428.86 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Tarry Town 03
County Travis
Zip Code 78703
$/sqft $960/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,696.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241857961
List Date August 1, 2026
Elementary School Casis
Middle School O Henry
High School Austin
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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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
1403 Barton Hills Dr #3
Barton Terrace Sec 04
$1,875,000 $750 3 bd / 4 ba 2,500 sqft , 2025-12-24
2309 Big Horn Dr
Apache Shores Sec 04
$1,890,000 $1,024 3 bd / 2 ba 1,845 sqft , 2026-03-31
44 East Ave #3707
44 East Ave Condos
$1,895,000 $951 3 bd / 3 ba 1,993 sqft , 2026-05-01
9114 290 W Hwy
Geneva Estates Sec 01
$1,850,000 $1,321 2 bd / 1 ba 1,400 sqft , 2024-10-10
1407 Parkinson Dr #1
Travis Heights
$1,850,000 $829 3 bd / 3 ba 2,232 sqft , 2026-04-16

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
$9,000/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
$375,000
20% conventional investment loan

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

Estimated Gross Rent+$9,000
Principal + Interest−$10,233
Property Tax (~2.1% TX avg)−$3,281
Insurance (~0.5%)−$781
Est. Monthly Cash Flow $-5,295

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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