Active Listing  ·  149 days on market

11704 Paul E Anderson Dr

Austin, TX 78748
$379,000
3 Bed 3 Bath 1,550 sqft $245/sqft Built 2006 0.10 acres 2-Car Garage Pool Olympic Heights Sec 02

Welcome to Olympic Heights, a Southwest Austin community that is conveniently located and very pet-friendly. This move-in ready home includes a refrigerator, washer, and dryer, and the seller is offering up to $7,500 in buyer concessions with an accepted offer that can be applied toward closing costs, a rate buy-down, or other approved buyer expenses.

Just a short walk from the home, you'll find multiple enclosed dog parks, including one of the largest off-leash dog parks in the area, approximately five acres of space for your four-legged family members to run and play. Residents also enjoy access to a community pool, neighborhood park, and walking trails throughout the community.

Perfectly positioned just a short drive from SouthPark Meadows, you'll have easy access to shopping, dining, entertainment, and everyday conveniences. Commuters will appreciate multiple routes into Downtown Austin via I-35, Mopac, and SH-45, while Texas State University in San Marcos is just a short drive away also.

This 3-bedroom, 2.5-bath home offers 1,550 square feet of comfortable living space with a functional floor plan designed for both everyday living and entertaining. The light-filled interior features spacious living areas and a welcoming layout. Upstairs, you'll find generously sized bedrooms. Step outside to a backyard with plenty of room to create your own outdoor retreat.

Combining comfort, convenience, and an unbeatable South Austin location, this home offers an exceptional opportunity to enjoy everything Olympic Heights has to offer!

At $245/sqft, this home is 37% 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

11704 Paul E Anderson Dr, Austin, TX 78748

Property Details

Price $379,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,550 sqft
Lot Size 0.10 acres (4,199.18 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Olympic Heights Sec 02
County Travis
Zip Code 78748
$/sqft $245/sqft
Days on Market ,
HOA $44/Monthly
Annual Tax Est. $7,464.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222937379
List Date March 18, 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 · March 18, 2026 $399,000
Previous ask $385,000
Current ask $379,000
Reduced $20,000 (-5.0%) 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
11904 Dispatch Way #62
SummerRow
$379,500 $211 3 bd / 3 ba 1,798 sqft , 2026-07-15
11816 Dave Silk Dr
Rancho Alto Ph 01
$380,000 $207 4 bd / 3 ba 1,836 sqft , 2026-05-23
1209 Falconer Way
Summerrow HOA
$375,000 $219 3 bd / 3 ba 1,710 sqft , 2026-07-11
11304 Canterbury Tales Ln
Canterbury Trails Sec 04
$383,000 $221 3 bd / 3 ba 1,736 sqft , 2026-05-05
1300 Falconer Way
Summerrow
$365,000 $219 3 bd / 3 ba 1,667 sqft , 2026-08-05

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
$1,819/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
$75,800
20% conventional investment loan

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

Estimated Gross Rent+$1,819
Principal + Interest−$2,068
Property Tax (~2.1% TX avg)−$663
Insurance (~0.5%)−$158
Est. Monthly Cash Flow $-1,070

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 8, 2026.

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