Active Listing  ·  25 days on market

2311 Sheri Oak Ln

Austin, TX 78748
$455,000
3 Bed 2 Bath 1,651 sqft $276/sqft Built 1972 0.24 acres Pool Oak Valley Park Sec 03

Saturday morning in South Austin usually starts the same way. You walk out the door, decide between Switchback Coffee & Beer or Praxis Coffee Roasters & by the time you're back, the dog has already made friends with somebody on the sidewalk. This spot is tucked into Oak Valley Park, where the trees have been here long enough to give real shade across the street. Out front, you get that classic brick & a low roofline. Out back, a great-sized yard & detached workshop round out the space nicely. Inside, the ceiling opens up. The living room has a vaulted ceiling and a white brick fireplace, & sliding doors pull in enough afternoon light that you won't turn a lamp on until dinner. The kitchen is fully updated with a view of the living room. Cook & be part of the conversation. The home has been updated throughout in all the ways you’ve been searching for! The kitchen, bathrooms, and wide-plank flooring allow you to move in & just start living! Then the fantastic bonus or flex room, with a separate front entrance off the driveway. With tons of natural light, you can use this space as a workout room, home office, crafts room, music room, or 2nd living area. The possibilities are endless! Out back, the covered porch is where you’ll enjoy your morning coffee or evening cocktails. The workshop keeps the mower & bikes out of sight, & the yard is fully fenced so the dog or kids can roam while you kick back & relax! Mary Moore Searight Metropolitan Park anchors the weekends. Trails, open space, room to let the dog run. Bauerle Ranch and Canterbury Trails are closer when you want twenty minutes outside before dinner. District Kitchen + Cocktails and Satellite ATX are easy calls on nights you don't cook, and Oasthouse Kitchen + Bar is where you sit outside & stay a while. Moontower Saloon & Armadillo Den are the picnic-table-and-live-music version of a night out.

Here, you’ve got trails & parks close by, neighbors who wave & remember your dog’s name, & patios just a stroll away!

At $276/sqft, this home is 30% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2311 Sheri Oak Ln, Austin, TX 78748

Property Details

Price $455,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,651 sqft
Lot Size 0.24 acres (10,436.98 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Valley Park Sec 03
County Travis
Zip Code 78748
$/sqft $276/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,277.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240645060
List Date July 30, 2026
Elementary School Cowan
Middle School Bailey
High School Akins
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
2511 Keepsake Dr
Grand Oaks Amd
$465,000 $315 3 bd / 3 ba 1,474 sqft , 2026-07-24
8109 Ermis Farm Rd
Novel
$440,990 $279 3 bd / 3 ba 1,583 sqft , 2026-07-22
1408 Rambling Rose Rd
Novel
$469,990 $260 3 bd / 3 ba 1,810 sqft , 2026-05-08
9833 Briar Ridge Dr
Tanglewood Forest Sec 02 Ph C
$435,000 $247 3 bd / 2 ba 1,759 sqft , 2025-10-28
8814 United Kingdom Dr
Buckingham Estates Ph 04 Sec A
$475,000 $320 4 bd / 2 ba 1,483 sqft , 2026-05-16

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
$2,184/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
$91,000
20% conventional investment loan

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

Estimated Gross Rent+$2,184
Principal + Interest−$2,483
Property Tax (~2.1% TX avg)−$796
Insurance (~0.5%)−$190
Est. Monthly Cash Flow $-1,285

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 3, 2026.

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