Active Listing  ·  28 days on market

2506 East Side Dr

Austin, TX 78704
$669,000
3 Bed 2 Bath 1,094 sqft $612/sqft Built 1961 0.18 acres 1-Car Garage Pool Sherwood Oaks Sec 03

Welcome to 2506 East Side Drive, a charming three-bedroom, two-bath home tucked into Sherwood Oaks in iconic 78704, just steps from South Congress. An open and airy floor plan features a spacious living room, hardwood floors throughout and large windows that fill the home with natural light. The updated kitchen offers stainless steel appliances and a beautiful tile backsplash. Outside, an expansive composite deck and peaceful, xeriscaped backyard make entertaining easy, with a firepit that invites cozy evenings and conversation under the stars.

Enjoy the neighborhood charm of Sherwood Oaks with South Congress’s shopping, dining and entertainment close by. Local favorites like Curra’s and Lucy’s Fried Chicken are nearby, St. Edward’s University is an easy walk, and downtown Austin is just a short drive away. It’s an inviting home base for enjoying the character, convenience and energy of South Austin.

At $612/sqft, this home is priced 57% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2506 East Side Dr, Austin, TX 78704

Property Details

Price $669,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,094 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 1961
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Oaks Sec 03
County Travis
Zip Code 78704
$/sqft $612/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,552.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249760765
List Date October 15, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Travis Hts · Lively · Travis

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 · October 15, 2026 $699,000
Current ask $669,000
▼ Reduced $30,000 (-4.3%) 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
511 South Park Dr #2
Dawson
$649,900 $488 2 bd / 3 ba 1,332 sqft , 2026-07-14
2209 S 1st St #309
Bouldin
$689,000 $646 2 bd / 2 ba 1,066 sqft , 2026-10-23
2209 S 1st St #330
Bouldin
$699,000 $595 2 bd / 2 ba 1,175 sqft , 2026-06-04
2510 Little John Ln
Sherwood Oaks Sec 03
$699,999 $503 3 bd / 2 ba 1,393 sqft , 2026-04-10
3604 Wilson St
Cherry Hills
$625,000 $478 3 bd / 2 ba 1,308 sqft , 2026-11-06

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
$3,211/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
$133,800
20% conventional investment loan

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

Estimated Gross Rent+$3,211
Principal + Interest−$3,651
Property Tax (assumed ~2.1%)−$1,171
Insurance (assumed ~0.5%)−$279
Est. Monthly Cash Flow $-1,890

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 · 41 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. The written content was last updated on November 3, 2026.

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

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