Active Listing  ·  9 days on market

2006 Wheless Ln

Austin, TX 78723
$724,500
4 Bed 3 Bath 1,850 sqft $392/sqft Built 1956 0.19 acres 1-Car Garage Pool Windsor Park 02 Sec 01

Completely remodeled from the studs out, in one of Austin's most conveniently located neighborhoods.

This 1,850 sq ft, 4-bedroom, 3-bath home pairs a full ground-up renovation with an oversized, tree-canopied lot in the heart of Central Austin.

Vaulted ceilings carry through the main living space, pulling in natural light and giving the open-concept living, dining, and kitchen room to breathe. The kitchen is built to be the center of the house, not just the room next to it — custom cabinetry, a waterfall-edge granite island, and clean sightlines into the living room make it as functional for a weeknight dinner as it is for hosting a crowd.

The primary suite steps outside to its own private deck, overlooking a backyard shaded by mature trees and framed by a fenced-in privacy hedge — the kind of setting built for a firepit, a quiet morning, or an evening that runs late. Three additional bedrooms and two more full baths, each finished with the same attention to detail, round out the floor plan.

Mueller's restaurants, coffee shops, and weekly farmers market are a short drive or bike ride away, downtown is minutes down the road, and the lot itself — mature, shaded, and generously sized — is increasingly rare this close to the urban core.

Move-in ready, thoughtfully renovated, and set in a neighborhood that's only getting harder to break into.

At $392/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,682 active listings. View Austin market report →

Location

2006 Wheless Ln, Austin, TX 78723

Property Details

Price $724,500
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,850 sqft
Lot Size 0.19 acres (8,215.42 sqft)
Year Built 1956
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor Park 02 Sec 01
County Travis
Zip Code 78723
$/sqft $392/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,715.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243518942
List Date August 14, 2026
Elementary School Harris
Middle School Webb
High School Northeast 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.

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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
6905 Drexel Dr
Dunbarton Oaks
$725,000 $315 5 bd / 4 ba 2,300 sqft , 2026-07-24
3305 Hycreek Dr
Cherrylawn Sec 06
$730,000 $324 4 bd / 4 ba 2,254 sqft , 2026-06-25
6313 Bristol Cir #1
Highlands/University Hills
$700,000 $326 4 bd / 4 ba 2,150 sqft , 2026-08-19
5501 Coventry Ln
Royal Oak Estates Sec 01
$699,000 $338 5 bd / 2 ba 2,070 sqft , 2026-07-17
1302 Berkshire Dr
Gaston Park
$675,000 $302 4 bd / 3 ba 2,238 sqft , 2026-08-14

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
$3,478/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
$144,900
20% conventional investment loan

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

Estimated Gross Rent+$3,478
Principal + Interest−$3,954
Property Tax (~2.1% TX avg)−$1,268
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,046

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 18, 2026.

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