Active Listing  ·  20 days on market

2503 East Side Dr

Austin, TX 78704
$769,999
3 Bed 2 Bath 1,339 sqft $575/sqft Built 1960 0.15 acres Pool Sherwood Oaks Sec 03

Updated South Austin bungalow in an exceptional location near SOCO and St. Edward’s University. This three bedroom two bathroom home features a new roof completed in summer 2026 and extensive updates throughout.

Vaulted ceilings, exposed beams, and abundant natural light complement the open kitchen and living area. Glass doors open to a large, beautifully landscaped yard with plenty of space for outdoor living and entertaining. A detached, air-conditioned office provides a dedicated workspace separate from the main home.

The home includes a primary bedroom with en-suite bath, two additional bedrooms, and a second full bath. A newly added mud room provides additional storage and functionality, while the attached carport offers covered parking.

Conveniently located near HEB, South Congress, South Lamar, Blunn Creek Nature Preserve, and Big Stacy Neighborhood Park and Pool.

At $575/sqft, this home is priced 46% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2503 East Side Dr, Austin, TX 78704

Property Details

Price $769,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,339 sqft
Lot Size 0.15 acres (6,621.12 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Oaks Sec 03
County Travis
Zip Code 78704
$/sqft $575/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244725273
List Date September 3, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
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
1318 Bonham Ter
Travis Heights
$790,000 $666 2 bd / 2 ba 1,187 sqft , 2026-06-12
2209 South 1st St #330
One Oak Condos
$799,900 $681 2 bd / 2 ba 1,175 sqft , 2026-06-04
1606 S 2nd St
Bouldin J E Estate
$799,900 $641 3 bd / 2 ba 1,248 sqft , 2026-08-10
3803 Wilson St
Williamson Add Sec 2 & Resubs
$735,000 $438 3 bd / 3 ba 1,680 sqft , 2026-04-16
2605 S 2nd St #2
2605 South 2nd Street Condominiums
$729,000 $564 3 bd / 4 ba 1,292 sqft , 2026-06-25

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)−$1,347
Insurance (~0.5%)−$321
Est. Monthly Cash Flow $-2,174

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 13, 2026.

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