$549,900

Property Overview

Nestled on a corner lot in the prestigious Onion Creek golf course community, 10400 La Costa Drive presents a rare financial advantage: a partial assumable FHA loan locked at 2.875%, translating to monthly savings of nearly $500 compared to current market rates. This 2,256 square foot residence spans three bedrooms and three bathrooms across a thoughtfully maintained floor plan bathed in natural light, anchored by a welcoming fireplace and custom wet bar that serve as gathering spaces for both entertaining and daily living.

The home's functional layout accommodates modern work life with a professionally designed executive office equipped with Cat 6 wiring for seamless connectivity. A well-appointed kitchen features double ovens and efficient storage, while energy-efficient windows throughout keep utility costs in check. The expansive 13,764 square foot corner lot captures the semi-rural character Onion Creek is known for, offering privacy and space within minutes of Highway 71 access and South Austin's growing amenities.

Vox Residential Insight

The assumable FHA loan at 2.875% is genuinely exceptional in today's lending environment and represents the property's strongest market position. At $244 per square foot, this home sits 16% above area median values, but the financing advantage could more than offset that premium for the right buyer seeking to relocate into Onion Creek's established golf community lifestyle.

Agent Description

Lock in a 2.875% interest rate in today’s market, savings hundreds every month! Take advantage of a rare assumable FHA loan with a 2.875% interest rate—a standout feature in today’s higher-rate market. With approximately $260,000 remaining, the current payment is around $1,075/month versus roughly $1,559/month at ~6% rates, offering nearly $500/month in savings (about $5,800/year). For buyers searching “low interest rate homes Austin” or “assumable loan homes in Austin TX,” this is a unique opportunity you won’t easily find again. Located on a desirable corner lot in Onion Creek—one of the most established South Austin neighborhoods—this home combines financial advantage with everyday comfort. The light-filled, open floor plan features a cozy fireplace, custom wet bar, and a spacious kitchen with double ovens—ideal for entertaining and modern living. A dedicated executive office with Cat 6 wiring supports today’s work-from-home lifestyle, while energy-efficient windows (installed in 2017) enhance year-round comfort and efficiency—key features buyers often search for when looking for energy-efficient homes in Austin. Step outside to a landscaped backyard retreat with a covered patio, recent privacy fence, and a dedicated dog run with direct access from the primary suite—perfect for pet-friendly homes in Austin TX. Ample guest parking adds convenience for gatherings. Residents of Onion Creek enjoy 24-hour security, golf-cart-friendly streets, mature trees, and access to nature, along with proximity to the Onion Creek Club. Located just minutes from Downtown Austin, this home offers the ideal blend of peaceful suburban living and city access—perfect for buyers searching homes near downtown Austin with community amenities. 10400 La Costa Drive delivers what today’s buyers want most: location, lifestyle, and a below-market interest rate that creates real, long-term savings.

Neighborhood: Onion Creek

This property is located in Onion Creek, Austin, TX. The area is known for Golf Course Community, Spacious Homes, Semi-Rural Feel, Good Amenities, Highway Access.

At $244/sqft, this listing is priced 17% above the Onion Creek median of $208/sqft.

Property Details

Listing data last updated: May 19, 2026

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