Active Listing  ·  42 days on market

1500 Fairfield Dr

Austin, TX 78757
$349,900
3 Bed 1 Bath 1,105 sqft $317/sqft Built 1961 0.19 acres 1-Car Garage Pool Wooten Park Sec 05

AirBnB potential, STR, NO HOA, or build a second home in the back!!

Incredible location in the sought after, Wooten neighborhood. This move-in-ready 3-bedroom residence blends modern upgrades with classic charm, offering comfort, convenience, and future possibilities.

Recent improvements include a newer roof, HVAC system, windows, siding, water heater, luxury vinyl plank flooring, and beautifully updated kitchen and bath spaces, providing peace of mind for years to come. Natural light fills the open living areas, creating a warm and inviting atmosphere.

Situated on a generous lot, the expansive backyard offers exceptional flexibility for outdoor entertaining, gardening, a home office, guest house, or potential future expansion or a second home or casita (buyer to verify). The one-car garage and ample outdoor space add to the property's practicality and appeal.

Ideally located with quick access to Mopac, US-183, The Domain, Q2 Stadium, Downtown Austin, and Austin-Bergstrom International Airport, this home places you close to some of the city's best dining, shopping, entertainment, and employment centers. Enjoy easy access to the vibrant Burnet Road corridor, local coffee shops, parks, and neighborhood favorites.

Whether you're a first-time homebuyer, investor, or someone seeking a turnkey property in a rapidly appreciating area, this North Austin gem presents an outstanding opportunity.

At $317/sqft, this home is 19% 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

1500 Fairfield Dr, Austin, TX 78757

Property Details

Price $349,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,105 sqft
Lot Size 0.19 acres (8,163.14 sqft)
Year Built 1961
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Park Sec 05
County Travis
Zip Code 78757
$/sqft $317/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,782.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237359641
List Date June 23, 2026
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro Early College
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.

Schedule a Call →

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 · June 23, 2026 $374,900
Current ask $349,900
Reduced $25,000 (-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
803 Kavanagh Dr
Buckingham Estates Ph 3 Sec 5
$349,900 $343 3 bd / 2 ba 1,021 sqft , 2026-03-19
711 W 21st St #304
Wynn Wood Condo
$349,900 $470 2 bd / 1 ba 744 sqft , 2026-04-02
2502 Leon St #304
Texan Shoal Creek
$349,900 $375 2 bd / 2 ba 932 sqft , 2026-04-07
6501 Brush Country Rd #137
Westcreek Landing Condo
$349,900 $329 2 bd / 2 ba 1,062 sqft , 2026-02-28
1803 Arborside Dr
Pioneer Hill Sec 1
$349,900 $267 3 bd / 2 ba 1,310 sqft , 2026-05-04

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
$1,680/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
$69,980
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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