Active Listing  ·  75 days on market

10606 N Platt River Dr

Austin, TX 78748
$320,000
3 Bed 3 Bath 1,293 sqft $247/sqft Built 1986 0.10 acres 2-Car Garage Pool Texas Oaks Sec 09

Nestled in the desirable Texas Oaks community, this charming two-story home offers comfort, space, and a fantastic location. Situated on a generously sized, shaded lot with mature trees, the home features a spacious great room with soaring ceilings, abundant natural light, and ceiling fans throughout for year-round comfort.

The functional floor plan includes inviting living spaces, a bright kitchen with ample cabinetry, and a seamless flow ideal for everyday living and entertaining. The attached garage includes laundry hookups for added convenience. Step outside to enjoy the private backyard and patio area, surrounded by beautiful shade trees that create a peaceful outdoor retreat.

Located in a great neighborhood with easy access to shopping, dining, parks, and major roadways, this Texas Oaks gem is ready to welcome you home!

At $247/sqft, this home is 37% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

10606 N Platt River Dr, Austin, TX 78748

Property Details

Price $320,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,293 sqft
Lot Size 0.10 acres (4,255.81 sqft)
Year Built 1986
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Texas Oaks Sec 09
County Travis
Zip Code 78748
$/sqft $247/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,188.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230916839
List Date May 21, 2026
Elementary School Casey
Middle School Paredes
High School Akins
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 21, 2026 $350,000
Previous ask $340,000
Current ask $320,000
Reduced $30,000 (-8.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2918 Ranch Road 620 None N #L-173
Villas On Travis Condo Amd
$320,000 $276 2 bd / 2 ba 1,161 sqft , 2025-06-10
914 Hermitage Dr
Heritage Hills Sec 01
$320,000 $293 3 bd / 2 ba 1,092 sqft , 2025-07-03
5609 Gloucester Ln
Windsor Park Hills Sec 01
$320,000 $241 3 bd / 1 ba 1,329 sqft , 2026-03-26
6010 Waycross Dr
Flournoys Sweetbriar Sec 08
$320,000 $321 3 bd / 1 ba 996 sqft , 2026-06-12
11609 Domenico Cv
Cloverleaf
$320,000 $242 2 bd / 2 ba 1,320 sqft , 2026-07-03

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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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