#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
NO MONEY DOWN FINANCING AVAILABLE. Welcome to 5116 Heflin Lane #2, a beautifully designed 4-bedroom, 2.5-bath home offering 1,599 square feet of thoughtfully crafted living space in one of East Austin's most vibrant and rapidly growing neighborhoods. Featuring contemporary finishes, abundant natural light, and an open-concept floor plan, this residence seamlessly blends style, comfort, and functionality for modern living. The spacious kitchen flows effortlessly into the dining and living areas, creating an ideal setting for everyday living and entertaining, while four generously sized bedrooms provide flexibility for guests, a home office, or growing households. Step outside to enjoy your private outdoor patio, perfect for morning coffee or relaxing evenings with friends. Ideally located just minutes from Downtown Austin, this home offers convenient access to the city's acclaimed restaurants, live music, nightlife, and major employers. Enjoy local favorites including Flat Track Coffee, Desnudo Coffee, Launderette, Suerte, Justine's Brasserie, and Jacoby's Restaurant & Mercantile, along with nearby Govalle Park, the Walnut Creek Trail, and Lady Bird Lake's hike-and-bike trails for endless outdoor recreation. With easy access to Airport Boulevard, Springdale Road, and Highway 183, commuting throughout Austin is effortless. Whether you're searching for your first home, a low-maintenance lock-and-leave residence, or an investment opportunity in one of Austin's most desirable neighborhoods, 5116 Heflin Lane #2 delivers exceptional design, an unbeatable location, and the best of the East Austin lifestyle. August 15th completion date!
Property Type
Residential
Year Built
2026
Lot Size
0.12 acres
$/Sq Ft
$328
Garage
1 spaces
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
5116 Heflin LN Unit #2 is listed at $525,000 with 4 bedrooms, 2 full, 1 half bathrooms, 1,599 square feet, 0.12-acre lot. This places it above the 78721 median of $450,000.
5116 Heflin LN Unit #2 is zoned for Austin ISD with assigned schools: Norman-Sims (elementary), Kealing (middle), Northeast Early College (high). School assignments should be verified directly with the district.
5116 Heflin LN Unit #2 is a Residential built in 2026 featuring 4 bedrooms, 2 full, 1 half bathrooms, 1,599 square feet, 0.12-acre lot.
5116 Heflin LN Unit #2 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 5116 Heflin LN Unit #2 is $7,501. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listed 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 |
|---|---|---|---|---|
2025-23.3% | — | $296,477 | — | — |
2024-4.4% | — | $386,762 | $120,000 | $197,105 |
2023+58.0% | — | $404,713 | $120,000 | $266,762 |
2022+41.8% | — | $256,152 | $120,000 | $284,713 |
2021 | — | $180,634 | $60,000 | $196,152 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($105K)
$525,000
Luxury property intelligence
A sourced read on Lincoln Gardens pricing, timing, and property scale. No automated valuation claim.
List price
$525,000
Price per sqft
$328/sqft
Vs. Lincoln Gardens median
Not available
Days on market
14 days
Original to current
No verified reduction
$525K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 27, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($105,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5116 Heflin LN Unit #2 is around $3,349 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $525,000, 5116 Heflin LN Unit #2 is in the Lincoln Gardens market where there are currently 77 active listings in 78721. The Keenan Group has completed 5 transactions in 78721 as part of 1,000+ career sales totaling $1B+ across Austin.
5116 Heflin LN Unit #2 includes verified waterfront access: See Remarks. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$525,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.3% | — | $296,477 | — | — |
2024-4.4% | — | $386,762 | $120,000 | $197,105 |
2023+58.0% | — | $404,713 | $120,000 | $266,762 |
2022+41.8% | — | $256,152 | $120,000 | $284,713 |
2021 | — | $180,634 | $60,000 | $196,152 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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