About This Home

HUGE LOT! .237 acres. Very well maintained midcentury modern brick home in a walkable, residential, highly sought after central location, owned by MASTER GARDENER. Both front and back yards are like a city park. Off Street parking(carport), fenced yard, 3 bedrooms, 1 bath, wood floors, updated kitchen and bathroom, charming screened in porch for outdoor dining and entertaining. ADU ( window unit) serves as workshop for this owner but has been an extra bedroom. This is a perfect property for a first time buyer or for adding a unit (or 2!) in the back and keeping the front unit for income.

At $526/sqft, this home is priced 34% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1708 Forestglade Dr, Austin, TX 78745

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Property Details

Price $499,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 948 sqft

Lot Size 0.24 acres (10,332.43 sqft)

Year Built 1958

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Park Forest Sec 01

County Travis

Zip Code 78745

$/sqft $526/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,104.22

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237349230

List Date June 23, 2026

Elementary School Joslin

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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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 · June 23, 2026 $499,000

Previous ask $517,000

Current ask $499,000

▲ Increased , (+0.0%) 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

2015 Fair Oaks Dr
Southern Oaks Sec 01 $497,900 $428 3 bd / 2 ba 1,164 sqft , 2026-06-02

1406 Camelot Cir #2
Greenwood Forest Sec 02 $495,000 $436 3 bd / 2 ba 1,136 sqft , 2026-06-25

904 Plateau Cir
Hilltop $520,000 $455 4 bd / 2 ba 1,144 sqft , 2026-09-17

4415 Hank Ave
Banister Acres Sec 2 $475,000 $491 3 bd / 2 ba 967 sqft , 2026-08-11

4414 Jinx Ave
Banister Acres Sec 02 $475,000 $640 2 bd / 1 ba 742 sqft , 2026-08-11

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

$2,395/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

$99,800

20% conventional investment loan

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

Estimated Gross Rent+$2,395

Principal + Interest−$2,723

Property Tax (~2.1% TX avg)−$873

Insurance (~0.5%)−$208

Est. Monthly Cash Flow $-1,409

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

About the Author

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 21, 2026.

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

1708 Forestglade Dr