Active Listing  ·  34 days on market

2204 Fair Oaks Dr

Austin, TX 78745
$770,000
4 Bed 3 Bath 2,084 sqft $369/sqft Built 1960 0.24 acres Pool Southern Oaks Sec 03

A standout South Austin renovation where thoughtful design, extensive updates, and generous outdoor space come together beautifully. Situated on a spacious 0.236-acre corner lot, this 4-bedroom, 3-bath home has been completely transformed with a fresh, timeless aesthetic and an open, light-filled layout designed for modern living.

Step inside to beautiful hardwood floors, abundant natural light, custom cabinetry, designer lighting, and an effortless flow between the kitchen, dining, and living areas. The beautifully finished kitchen serves as the heart of the home, offering a welcoming space for everyday living and entertaining.

The renovation extends well beyond the finishes, with major improvements including a new roof, HVAC system, water heater, and dual-pane energy-efficient windows—providing the peace of mind that comes with a truly move-in-ready home.

Outside, mature surroundings and fresh landscaping frame the home, while the expansive backyard and oversized deck offer exceptional space for entertaining, dining outdoors, or simply relaxing. A striking custom front door adds the perfect finishing touch to the home’s curb appeal.

Beautifully renovated inside and out, this South Austin home offers the space, style, and extensive updates today’s buyers are looking for—all on an unusually generous lot.

At $369/sqft, this home is 6% below the Austin active market average of $393/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 $770,000
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 $369/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,495.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244067870
List Date August 20, 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 →

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 20, 2026 $779,000
Current ask $770,000
Reduced $9,000 (-1.2%) 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
4101 Menchaca Rd #205
4101 Menchaca
$749,000 $414 3 bd / 4 ba 1,809 sqft , 2026-05-13
4717 Mount Vernon Dr #A
4717 Mount Vernon Drive
$749,000 $412 3 bd / 3 ba 1,818 sqft , 2026-08-13
1806 Fortview Rd
Low Theodore Heights
$799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06
1808 Forest Hill Dr
PARK FOREST SEC 1
$730,000 $398 4 bd / 2 ba 1,832 sqft , 2026-04-10
4413 Banister Ln #BLDG 1 - UNIT 101
Banister Acres
$725,000 $502 3 bd / 4 ba 1,443 sqft , 2025-10-29

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
$3,696/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
$154,000
20% conventional investment loan

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

Estimated Gross Rent+$3,696
Principal + Interest−$4,202
Property Tax (~2.1% TX avg)−$1,348
Insurance (~0.5%)−$321
Est. Monthly Cash Flow $-2,175

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 September 11, 2026.

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