#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Amazing family compound or income-producing property located at 23505 Fulkes Ln. This unique property includes four homes on one site, offering excellent potential for multigenerational living, rental income, or investment.
The property consists of one main home at the front and three additional units at the back. The front home is a well-maintained 4-bedroom, 2-bath residence with its own separate water connection and septic system. The three homes at the rear of the property are currently tenant-occupied, with one structure divided into two separate units, bringing the total to four rental units in the back area.
Current rental income in the rear units includes $1,300/month, $1,000/month, $1,300/month, and $1,700/month, providing strong income potential. The front home could potentially rent for approximately $2,000/month.
There are three septic systems on the property (one permitted and two unpermitted). The front home has its own water meter, while the rear units are currently receiving water from a neighboring property. The sellers are working with the water company to install an additional meter so the rear units can operate under their own dedicated account.
Great opportunity for an investor or buyer looking for multiple income streams or a large family compound with rental potential.
Property Type
Commercial Sale
Year Built
1980
Lot Size
2.07 acres
Listed by Keller Williams - Lake Travis
Property Details
Flooring
Construction
Foundation
Parking
Verified property facts
23505 Fulkes LN is listed at $699,999 with 0 bedrooms, 2.07-acre lot. This places it above the 78641 median of $675,000.
23505 Fulkes LN is a Commercial Sale built in 1980 featuring 0 bedrooms, 2.07-acre lot.
23505 Fulkes LN is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 23505 Fulkes LN is $14,536. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($140,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 23505 Fulkes LN is around $4,843 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
1 record on file
Every recorded sale and lease at 23505 Fulkes LN, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-43.0% | — | $771,472 | $95,003 | $290,734 |
2024-0.6% | — | $1,353,351 | $190,005 | $855,432 |
2023-1.5% | — | $1,361,007 | $190,005 | $1,163,346 |
2022+158.1% | — | $1,381,151 | $190,005 | $1,171,002 |
2021 | — | $535,056 | $65,660 | $1,315,491 |
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($140K)
$699,999
Luxury property intelligence
A sourced read on Sandy Creek Ranches Ph 2 Sec pricing, timing, and property scale. No automated valuation claim.
List price
$699,999
Price per sqft
Not available
Vs. Sandy Creek Ranches Ph 2 Sec median
Not available
Days on market
169 days
Original to current
No verified reduction
$700K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 21, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $699,999, 23505 Fulkes LN is in the Sandy Creek Ranches Ph 2 Sec market where there are currently 654 active listings in 78641. The Keenan Group has completed 6 transactions in 78641 as part of 1,000+ career sales totaling $1B+ across Austin.
23505 Fulkes LN was built in 1980 (46 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
5 events on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-43.0% | — | $771,472 | $95,003 | $290,734 |
2024-0.6% | — | $1,353,351 | $190,005 | $855,432 |
2023-1.5% | — | $1,361,007 | $190,005 | $1,163,346 |
2022+158.1% | — | $1,381,151 | $190,005 | $1,171,002 |
2021 | — | $535,056 | $65,660 | $1,315,491 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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