Active Listing  ·  169 days on market

11116 Jim Thorpe Ln

Austin, TX 78748
$429,000
4 Bed 3 Bath 1,875 sqft $229/sqft Built 2006 0.11 acres 2-Car Garage Pool Olympic Heights Sec 02

Completely reimagined from the studs up in August 2025, this South Austin gem represents over $200,000 in thoughtful upgrades, delivering new construction quality in an established master planned subdivision. The transformation is comprehensive: 90% of everything behind the original brick and frame has been rebuilt to 2024 code standards. The main floor, expansive primary suite features an en-suite bath with floor-to-ceiling tile, an eight-foot dual shower head, glass enclosed shower with natural light, and an expansive walk-in closet. Quartz countertops anchor the dual vanity. The kitchen showcases locally crafted solid wood cabinetry, matching quartz counters, modern backsplash, and deep double basin sink. The raised threshold opening creates airy flow enhanced by vaulted ceilings. A complete Frigidaire appliance suite means move-in-ready convenience. Upstairs, the secondary bath was expanded to nearly triple its size with a dual vanity and tub shower combo tiled to ceiling. Storage upgrades include a six-door upstairs closet, solid wood shelving throughout, under-stair storage and a backyard storage shed. Every system is recent (2025): Goodman HVAC and ducting with smart thermostat, Rheem water heater and updated plumbing and electrical, fresh insulation and sheetrock, and a complete re-roof. Moisture-resistant vinyl plank flooring throughout, while 12x24 tile defines kitchen and baths. Outside, a cement porch transitions to a wood deck under a towering mature shade tree. Olympic Heights offers a community pool, dog park, two parks with ponds, playgrounds, and trails. Bauerle Ranch Park is 3 minutes away. Families appreciate proximity to all neighborhood schools. Southpark Meadows, HEB, Summer Moon Coffee, and the entire South Austin Entertainment District nearby. Equidistant between I-35 and Mopac. Twenty minutes to downtown and the airport. Nobody has lived here since completion. First occupancy of essentially a brand-new home in an established neighborhood.

At $229/sqft, this home is 41% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11116 Jim Thorpe Ln, Austin, TX 78748

Property Details

Price $429,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,875 sqft
Lot Size 0.11 acres (4,726.26 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Olympic Heights Sec 02
County Travis
Zip Code 78748
$/sqft $229/sqft
Days on Market ,
HOA $44/Monthly
Annual Tax Est. $7,821.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220219151
List Date February 26, 2026
Elementary School Baranoff
Middle School Bailey
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 · February 26, 2026 $459,990
Previous ask $439,000
Current ask $429,000
Reduced $30,990 (-6.7%) 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
12301 Canera Ct
Gabardine Condo
$425,000 $205 4 bd / 3 ba 2,077 sqft , 2026-07-16
1318 Jenkins Bnd
Summerrow
$434,000 $227 3 bd / 3 ba 1,910 sqft , 2026-04-02
1801 Monks Tale Ct
Canterbury Trails Sec 03
$439,999 $237 3 bd / 3 ba 1,860 sqft , 2026-06-26
2312 MARCUS ABRAMS Blvd
Olympic Heights Sec 02
$440,000 $185 4 bd / 3 ba 2,377 sqft , 2026-04-20
12020 Battle Bridge Dr
Southland Oaks Sec 04 Ph B
$440,000 $290 4 bd / 2 ba 1,517 sqft , 2026-05-08

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
$2,059/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
$85,800
20% conventional investment loan

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

Estimated Gross Rent+$2,059
Principal + Interest−$2,341
Property Tax (~2.1% TX avg)−$751
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,212

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 August 6, 2026.

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