Ed's Opinion of Value

$151,063 Ed's Estimate: $172,484 $259,000
Lowest Comp Recommended List: $169,000 to $176,000 Highest Comp

Listing History

$2,200 List Price
$215,588 Comp Value
0 Price Reductions

This property was listed at $2,200 and expired after 131 days on market. This listing activity factors into the valuation.

After reviewing 5 recent transactions in KENNEDY RIDGE ESTATES, I estimate this property's value at $172,484. A competitive list price for this home right now would fall in the $169,000 to $176,000 range. Relative to what's currently available in KENNEDY RIDGE ESTATES, this home would be the most affordable of 4 comparable homes on the market. At 5 years newer than typical comps, the 2020 build date influences the valuation. The larger lot (0.19 acres versus the area average of 0.14) contributes to the valuation. With 5 comparable sales in KENNEDY RIDGE ESTATES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
3 Beds
2 Baths 2 Full
1,200 Sq Ft
0.194 Acres
2020 Built

About This Property

- Located minutes from Tesla Gigafactory.
- All utility bills are included in the rent, offering financial savings and peace of mind. The tenant is responsible only for rent and optional internet or cable services.
* This new move-in-ready unit offers unbeatable convenience and modern comfort. Enjoy a superb location—only 15 minutes to Austin-Bergstrom International Airport (ABIA), the Tesla Gigafactory, and a quick 12-minute drive to the Texas Capitol and downtown Austin’s vibrant entertainment and dining scene.

Conveniently positioned near major highways and toll roads, the property provides easy access to Tesla, Austin-Bergstrom International Airport, Circuit of the Americas, and downtown Austin.

New, fresh, and clean with a scenic view, this single-floor unit (situated on the top/third floor level) features an open dining, living, and kitchen area perfect for comfortable living and entertaining. The private master bedroom and bathroom are located to the right of the shared living space, while two additional bedrooms and a second full bathroom are on the opposite side—creating a practical and balanced layout.

The tenant is responsible only for rent and optional internet or cable services.

Features

  • 2 Primary Baths
  • Ceiling Fan(s)
  • Electric Dryer Hookup
  • No Interior Steps
  • Open Floorplan
  • Pantry
  • Walk-In Closet(s)

Location

Schools

School District Del Valle ISD
Elementary Hornsby-Dunlap
Middle School Dailey
High School Del Valle

Property Details

Property Type Residential Lease
Flooring Laminate, Tile
Cooling Ceiling Fan(s), Central Air
Exterior Balcony, Exterior Steps
County Travis
MLS # 7500706

Listing History

MLS# 8339136 16 days (146 CDOM)
Sep 4, 2026 Listed $849,900

Frequently Asked Questions About 5706 Melody LN # 3, Austin TX 78724

When was 5706 Melody LN # 3, Austin TX 78724 built?

5706 Melody LN # 3, Austin TX 78724 was built in 2020.

How much does 5706 Melody LN # 3, Austin TX 78724 cost?

5706 Melody LN # 3, Austin TX 78724 is currently off market.

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