Active Listing  ·  76 days on market

2003 Fair Oaks Dr

Austin, TX 78745
$539,999
3 Bed 2 Bath 1,575 sqft $343/sqft Built 1959 0.20 acres 2-Car Garage Pool Southern Oaks Sec 01

A PRIVATE GARDEN BENEATH THE OAKS—IN THE HEART OF SOUTH AUSTIN.

At 2003 Fair Oaks Drive, city living feels softer. Majestic live oaks create a beautiful canopy over the property, while established fruit trees—including peach, pomegranate, persimmon, Mexican plum and blackberry—bring the landscape to life throughout the seasons.

Inside, sunlight pours through the bay windows, illuminating warm bamboo floors and an easy, functional single-story layout. The remodeled kitchen, light-filled living spaces and dedicated laundry room with built-in cabinetry make everyday living feel both comfortable and considered.

More than move-in ready, this home offers something increasingly valuable in South Austin: the major investments have already been made. A 2024 roof, 2025 HVAC, 2025 water heater, new windows and whole-home charcoal air filtration allow the next owner to settle in and enjoy the home without immediately inheriting a costly renovation list.

The expansive, privacy-fenced backyard offers room to gather, garden, play and exhale beneath the trees. A detached shed creates additional possibilities for storage, a workshop or a future creative space.

All of this is moments from neighborhood markets, parks and the restaurants, shops and local favorites that define South Austin living.

Come for the oak canopy and edible landscape. Stay for the light, the ease and the rare feeling of a home that is already ready for what comes next.

At $343/sqft, this home is 12% 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

2003 Fair Oaks Dr, Austin, TX 78745

Property Details

Price $539,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,575 sqft
Lot Size 0.20 acres (8,816.54 sqft)
Year Built 1959
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Southern Oaks Sec 01
County Travis
Zip Code 78745
$/sqft $343/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,250
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244853776
List Date August 28, 2026
Elementary School Sunset Valley
Middle School Covington
High School Crockett
School District Austin ISD

Austin ISD

Sunset Valley · Covington · Crockett

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 · August 28, 2026 $555,000
Previous ask $559,000
Current ask $539,999
▼ Reduced $15,001 (-2.7%) 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
4904 Enchanted Ln
Park Forest Sec 02
$540,000 $386 3 bd / 2 ba 1,400 sqft , 2026-09-10
2013 Southern Oaks Dr
Fairmont Park Sec 1
$534,900 $352 3 bd / 2 ba 1,520 sqft , 2026-07-24
1704-1 REDD None
1704 REDD CONDOMINIUMS
$549,000 $305 3 bd / 3 ba 1,802 sqft , 2026-10-14
4516 Pack Saddle Pass
Western Trails Sec 02
$549,900 $324 3 bd / 2 ba 1,697 sqft , 2026-07-30
4120 Valley View Rd #B
4120 Valley View Condo
$550,000 $397 2 bd / 3 ba 1,385 sqft , 2026-05-28

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
$2,592/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
$108,000
20% conventional investment loan

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

Estimated Gross Rent+$2,592
Principal + Interest−$2,947
Property Tax (assumed ~2.1%)−$945
Insurance (assumed ~0.5%)−$225
Est. Monthly Cash Flow $-1,525

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 · 41 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. The written content was last updated on November 9, 2026.

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

Save this home