About This Home

Updated home, on large, level, private lot, with lots of trees. New kitchen cabinets, appliances and flooring. New windows, roof and siding. Primary bathroom with soaking tub and wet room. One of a kind home zoned to some of Austin's best schools. Park like back yard, with no side or behind neighbors. Private feel, with room for a pool, ADU or garden. Owner/Agent, call with questions.

At $325/sqft, this home is 17% 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

2316 N Shields Dr, Austin, TX 78727

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Property Details

Price $579,999

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,783 sqft

Lot Size 0.34 acres (14,640.52 sqft)

Year Built 1992

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Scofield Farms Ph 02 Sec 01

County Travis

Zip Code 78727

$/sqft $325/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,574.77

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT239186084

List Date July 8, 2026

Elementary School Summitt

Middle School Murchison

High School Anderson

School District ,

Have Questions About This Property?

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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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 · July 8, 2026 $589,999

Current ask $579,999

▼ Reduced $10,000 (-1.7%) 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

3808 Oak Creek Dr
Northwood $555,000 $348 3 bd / 2 ba 1,594 sqft , 2026-06-19

13425 Equestrian Cv
Scofield Farms Phs 8 Sec 1 $540,000 $240 4 bd / 3 ba 2,250 sqft , 2026-08-06

1712 Lynnville Trl
Scofield Farms Ph 10 Sec 02 $520,000 $218 4 bd / 3 ba 2,387 sqft , 2026-07-27

12800 Stepping Stone Cv
Northwood $510,000 $315 3 bd / 2 ba 1,620 sqft , 2026-07-24

12903 Silver Creek Dr
Northwood Sec 02 $659,000 $311 3 bd / 3 ba 2,116 sqft , 2026-05-01

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

$2,784/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

$116,000

20% conventional investment loan

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

Estimated Gross Rent+$2,784

Principal + Interest−$3,165

Property Tax (~2.1% TX avg)−$1,015

Insurance (~0.5%)−$242

Est. Monthly Cash Flow $-1,638

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

About the Author

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 8, 2026.

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

2316 N Shields Dr