Active Listing  ·  56 days on market

1111 Spearson Ln

Austin, TX 78745
$550,000
4 Bed 2 Bath 1,695 sqft $324/sqft Built 1977 0.17 acres Pool Cooper Oaks Sec 02

Welcome to this beautifully renovated 4-bedroom, 2-bath home in the heart of South Austin! Offering a functional open-concept layout, this home is designed for both comfortable everyday living and effortless entertaining. Gorgeous tile selections in and kitchen and bathroom spaces!

The private primary suite features a full en-suite bathroom, high ceilings and a dual vanity. A converted garage makes for the large secondary bedroom, playroom or office space. Enjoy a generously sized backyard with plenty of room for outdoor gatherings, gardening, or simply relaxing.

Ideally located in the desirable 78745 zip code, this home offers convenient access to major highways, downtown Austin, shopping, dining, parks, and entertainment. Whether you're a first-time homebuyer, growing family, or investor, this property presents an excellent opportunity to own a home in one of Austin's most sought-after areas.

At $324/sqft, this home is 17% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1111 Spearson Ln, Austin, TX 78745

Property Details

Price $550,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,695 sqft
Lot Size 0.17 acres (7,426.98 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cooper Oaks Sec 02
County Travis
Zip Code 78745
$/sqft $324/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,070.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242484168
List Date August 13, 2026
Elementary School Odom
Middle School Bedichek
High School Crockett
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.

Schedule a Call →

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 · August 13, 2026 $559,998
Current ask $550,000
▼ Reduced $9,998 (-1.8%) 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
2006 Lear Ln
Southwest Oaks Ph 02
$550,000 $274 3 bd / 2 ba 2,008 sqft , 2026-09-12
811 Glen Oak Dr
Emerald Forest Sec 02
$549,000 $414 3 bd / 2 ba 1,325 sqft , 2026-09-18
7611 Oak Hedge Pl
Elmwood Estates
$573,000 $408 3 bd / 2 ba 1,403 sqft , 2026-02-24
6605 Woodhue Dr
Cooper Oaks Sec 02-A
$525,000 $322 4 bd / 3 ba 1,632 sqft , 2026-09-03
301 W Stassney Ln #20
Sweetbriar Condo Amended
$525,000 $241 4 bd / 3 ba 2,182 sqft , 2026-09-17

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 10, 2026.

📞 (254) 718-2567 [email protected] More about Luke →