Active Listing  ·  30 days on market

11608 Paul E Anderson Dr

Austin, TX 78748
$425,000
3 Bed 3 Bath 1,860 sqft $228/sqft Built 2006 0.17 acres 2-Car Garage Pool Olympic Heights Sec 02

This remodeled two-story in Olympic Heights offers 3 bedrooms, 2.5 bathrooms, and 1,860 square feet, built in 2006, with upgrades that go well beyond what you'll see in photos. The kitchen has been remodeled with granite counters, a glass tile backsplash, stainless steel appliances, and a large island with a butcher block top and hidden trash can cutout. The primary bathroom has also been remodeled, with a frameless glass walk-in shower, dual vanity with quartz counters, and matte gold fixtures, and the downstairs powder bath was updated to match, painted navy with a large framed wallpaper accent, marble counters, and matte gold fixtures for guests. Luxury vinyl plank flooring runs throughout the home, aside from the stairs and the upstairs bonus room.

Major systems have been recently replaced for peace of mind: a new roof in 2025, a new AC system with additional air returns installed throughout the house in 2023, and a new range/oven in 2025. The exterior was also repainted in 2021, so the big-ticket items are already handled.

The home sits on an oversized 0.175-acre lot (about 7,623 square feet), with four crepe myrtles and an additional shade tree planted in 2024 adding privacy and screening around the yard. A large walk-in pantry doubles as the laundry room with electric and gas dryer hookups, and two separate living areas, a main-level flex room and an upstairs bonus room with its own private balcony, offer flexible space for a home office, playroom, gym, or whatever fits your life best. The attached 2-car garage and Google Fiber availability round out the practical upgrades.

Zoned to Baranoff Elementary, Bailey Middle School, and Akins High School in Austin ISD, and located in Olympic Heights, a Southwest Austin community with sidewalk-lined streets, a community pool about four blocks away, a fenced dog park, and an active HOA that hosts community events throughout the year, this home pairs move-in-ready updates with room to grow.

At $228/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

11608 Paul E Anderson Dr, Austin, TX 78748

Property Details

Price $425,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,860 sqft
Lot Size 0.17 acres (7,623 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Olympic Heights Sec 02
County Travis
Zip Code 78748
$/sqft $228/sqft
Days on Market ,
HOA $44/Monthly
Annual Tax Est. $8,314.13
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245195108
List Date September 8, 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
2516 Hopsack Mills Rd
Gabardine Condo
$425,000 $177 3 bd / 3 ba 2,407 sqft , 2026-05-13
2706 Currant Cv
Gabardine Condo
$424,999 $213 3 bd / 3 ba 1,995 sqft , 2026-09-18
11116 Jim Thorpe Ln
Olympic Heights Sec 02
$429,000 $229 4 bd / 3 ba 1,875 sqft , 2026-09-09
1507 Falconer Way
Summerrow
$429,000 $225 3 bd / 3 ba 1,909 sqft , 2026-09-25
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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 October 5, 2026.

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