Active Listing  ·  29 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 home features more than $200,000 in improvements within the established Olympic Heights master-planned community. About 90% of the systems and interiors behind the original brick-and-frame exterior were rebuilt to 2024 code standards, offering near-new convenience with mature neighborhood character.

The main-level primary suite includes an expansive walk-in closet and spa-inspired en-suite bath with a quartz-topped dual vanity, floor-to-ceiling tile, natural light, and a glass-enclosed shower with an eight-foot dual showerhead. The redesigned kitchen showcases locally crafted solid-wood cabinetry, quartz countertops, a contemporary backsplash, deep double-basin sink, and a complete Frigidaire appliance suite. A widened opening and vaulted ceilings create an airy connection among the main living spaces.

Upstairs, the enlarged secondary bath is nearly three times its original size and offers a dual vanity and tiled tub/shower combination. Exceptional storage includes a six-door upstairs closet, solid-wood shelving, under-stair storage, and backyard shed.

Major 2025 improvements include a Goodman HVAC system and ductwork with smart thermostat, Rheem water heater, updated plumbing and electrical, new insulation and sheetrock, and a complete roof replacement. Moisture-resistant vinyl plank flooring runs throughout, complemented by 12-by-24 tile in the kitchen and baths.

Enjoy a cement porch flowing to a wood deck beneath a mature shade tree. Olympic Heights offers a community pool, dog park, two parks with ponds, playgrounds, and trails, plus nearby Bauerle Ranch Park. Convenient to neighborhood schools, H-E-B, Southpark Meadows, Summer Moon Coffee, South Austin dining and entertainment, I-35, Mopac, downtown Austin, and Austin-Bergstrom International Airport.

At $229/sqft, this home is 42% 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

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. $5,743.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245296009
List Date September 9, 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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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
1507 Falconer Way
Summerrow
$429,000 $225 3 bd / 3 ba 1,909 sqft , 2026-09-25
2516 Hopsack Mills Rd
Gabardine Condo
$425,000 $177 3 bd / 3 ba 2,407 sqft , 2026-05-13
11608 Paul E Anderson Dr
Olympic Heights Sec 02
$425,000 $228 3 bd / 3 ba 1,860 sqft , 2026-09-08
2706 Currant Cv
Gabardine Condo
$424,999 $213 3 bd / 3 ba 1,995 sqft , 2026-09-18
1318 Jenkins Bnd
Summerrow
$434,000 $227 3 bd / 3 ba 1,910 sqft , 2026-04-02

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 September 11, 2026.

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