Active Listing  ·  34 days on market

2506 Friar Tuck Ln

Austin, TX 78704
$1,175,000
3 Bed 2 Bath 2,089 sqft $562/sqft Built 1964 0.24 acres 1-Car Garage Pool Sherwood Oaks Sec 04

Rarely do you find a home tucked away on a quiet street in the heart of 78704, this beautifully renovated 3-bedroom, 2-bath home offers 2,089 square ft of thoughtfully designed living space on an oversized lot with a pool. Originally built in the 1960s, the home underwent a down-to-the-studs renovation and addition in late 2022, blending timeless character with modern finishes and functionality.

The chef’s kitchen features a professional 6-burner range, abundant storage, and opens to bright, inviting living spaces filled with natural light from new windows throughout. Major system updates provide peace of mind, including HVAC (2022), water heater (2026), and roof (2018).

The expansive yet private backyard is a rare find in 78704, offering a private pool plus ample room for an outdoor kitchen, pool house, ADU, or additional entertaining space.

Enjoy an unbeatable location just minutes from South Congress, South First, South Lamar, St. Elmo, and downtown Austin. Walk to South Congress, St. Edward’s University, and H-E-B while enjoying the tranquility of an established neighborhood that’s close to everything Austin has to offer.

At $562/sqft, this home is priced 43% 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

2506 Friar Tuck Ln, Austin, TX 78704

Property Details

Price $1,175,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,089 sqft
Lot Size 0.24 acres (10,476.18 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Oaks Sec 04
County Travis
Zip Code 78704
$/sqft $562/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243781021
List Date August 19, 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.

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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
1004 Juanita None #II
La Perla
$1,195,000 $563 4 bd / 4 ba 2,122 sqft , 2026-09-18
1711 Eva St
Swisher Add
$1,150,000 $821 2 bd / 3 ba 1,400 sqft , 2026-05-29
1600 S 1st St #410
Bouldin Creek
$1,200,000 $657 3 bd / 3 ba 1,827 sqft , 2026-09-15
2611 Oak Crest Ave #A
Oak Ridge Heights Sec 01
$1,110,000 $581 3 bd / 3 ba 1,910 sqft , 2026-04-17
1227 Newning Ave #10
Travis Heights
$1,100,000 $488 3 bd / 4 ba 2,252 sqft , 2026-06-24

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
$5,640/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
$235,000
20% conventional investment loan

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

Estimated Gross Rent+$5,640
Principal + Interest−$6,412
Property Tax (~2.1% TX avg)−$2,056
Insurance (~0.5%)−$490
Est. Monthly Cash Flow $-3,318

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 16, 2026.

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