Active Listing  ·  47 days on market

11307 Alhambra Dr

Austin, TX 78759
$650,000
3 Bed 2 Bath 1,773 sqft $367/sqft Built 1972 0.21 acres 2-Car Garage Pool Balcones Woods Sec 01

Engage with the charm and comfort of 11307 Alhambra Dr, a delightful 3-bedroom, 2-bathroom home with an office in the vibrant heart of Austin, TX. Spanning 1,773 square feet, this spacious residence offers a harmonious blend of style and functionality, making it the perfect sanctuary for relaxation and entertaining. Each room is thoughtfully designed to maximize space and natural light, creating a warm and inviting atmosphere throughout. The open-concept living area provides the ideal setting for cozy evenings or lively gatherings with friends and family. Enjoy preparing meals in the upgraded kitchen, equipped to meet all your culinary needs. Retreat to the tranquil bedrooms, each offering a peaceful escape from the hustle and bustle of everyday life. The property’s location provides easy access to Austin’s lively culture, dining, and entertainment scene, ensuring you’re never far from the action. Bask in the serene outdoor space, perfect for morning coffees or evening relaxation. Discover a place where convenience meets comfort, making 11307 Alhambra Dr your ideal home in the vibrant Austin landscape. Schedule a private preview of this beautiful home TODAY!!

At $367/sqft, this home is 6% 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

11307 Alhambra Dr, Austin, TX 78759

Property Details

Price $650,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,773 sqft
Lot Size 0.21 acres (9,234.72 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Balcones Woods Sec 01
County Travis
Zip Code 78759
$/sqft $367/sqft
Days on Market ,
HOA $170/Quarterly
Annual Tax Est. $10,608.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237951127
List Date June 28, 2026
Elementary School Davis
Middle School Murchison
High School Anderson
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
3802 Hawkshead Dr
Milwood Sec 04
$635,000 $335 4 bd / 2 ba 1,895 sqft , 2026-05-31
3907 Skipton Dr
Milwood Sec 04
$599,900 $369 4 bd / 2 ba 1,627 sqft , 2026-05-07
4307 Welland Cir
Balcones Woods Sec 02
$599,000 $345 3 bd / 2 ba 1,737 sqft , 2026-07-21
11012 Alhambra Dr
Balcones Woods Sec 02
$565,000 $327 4 bd / 2 ba 1,730 sqft , 2026-06-25
4901 Powder River Rd
Mesa Park Sec 01
$485,000 $410 3 bd / 2 ba 1,183 sqft , 2026-07-02

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 June 30, 2026.

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