Active Listing  ·  12 days on market

2204 Fair Oaks Dr

Austin, TX 78745
$800,000
4 Bed 3 Bath 2,084 sqft $384/sqft Built 1960 0.24 acres Pool Southern Oaks Sec 03

Completely reimagined from top to bottom, this exceptional South Austin home sits on a spacious 0.236-acre lot and showcases quality craftsmanship with timeless designer finishes throughout. Offering 4 bedrooms and 3 full bathrooms, the thoughtfully designed open-concept floor plan is filled with abundant natural light, creating an inviting flow between the living, dining, and kitchen spaces.

Every detail has been meticulously updated, including new hardwood flooring, custom cabinetry throughout, designer lighting, dual-pane energy-efficient windows, a new roof, new HVAC system, and a new water heater. The beautifully appointed kitchen opens seamlessly to the main living areas, making it ideal for both everyday living and entertaining.

Outside, the fully landscaped yard provides exceptional curb appeal, while the expansive backyard and oversized deck create the perfect setting for gatherings, relaxing, or enjoying the outdoors. A stunning custom front door makes a memorable first impression, and every improvement has been thoughtfully selected to deliver a truly move-in-ready home.

This is a rare opportunity to own a fully renovated home where every major system and finish has already been completed—simply move in and enjoy.

At $384/sqft, this home is 2% 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

2204 Fair Oaks Dr, Austin, TX 78745

Property Details

Price $800,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,084 sqft
Lot Size 0.24 acres (10,271.45 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Southern Oaks Sec 03
County Travis
Zip Code 78745
$/sqft $384/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,495.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238978298
List Date July 23, 2026
Elementary School Sunset Valley
Middle School Covington
High School Crockett
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 →

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
802 El Viejo Camino None
Lake Ridge Estates Sec 01
$800,000 $376 3 bd / 2 ba 2,128 sqft , 2026-06-25
10421 Hansa Dr
Hielscher Sec 07
$800,000 $294 4 bd / 3 ba 2,721 sqft , 2026-06-26
4604-1 Santa Anna St
Chernosky 07
$800,000 $381 4 bd / 4 ba 2,101 sqft , 2026-07-31
17324 Cain Clearing Pass
Sweetwater Ranch Sec 2 Vlgs C
$799,999 $330 4 bd / 4 ba 2,423 sqft , 2026-03-18
1806 Fortview Rd
Low Theodore Heights
$799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06

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
$3,840/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
$160,000
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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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