Active Listing  ·  49 days on market

2507 Glen Springs Way

Austin, TX 78741
$474,900
3 Bed 2 Bath 1,416 sqft $335/sqft Built 1965 0.18 acres 1-Car Garage Pool Greenbriar Sec 01

Perched above street level, 2507 Glen Springs Way pairs inviting 1960s ranch character with thoughtful updates for comfortable living today. The elevated front porch catches welcome morning and afternoon breezes, creating a peaceful place to begin or end the day.

Inside, the three-bedroom, two-bath home offers two distinct living areas and a dining space conveniently located off the kitchen and open to the main living room. Cedar beams and a vaulted ceiling give the central gathering space warmth, dimension and unmistakable character. French doors extend the living area outdoors, opening to a back patio and a generously sized backyard shaded by mature trees.

Separate access to the garage and finished bonus loft adds exceptional flexibility. Use the loft independently as a creative studio, work-from-home retreat, hobby space or climate-controlled storage without interrupting the everyday flow of the home.

The location offers convenient access to downtown Austin, South Congress, Lady Bird Lake, Roy G. Guerrero Colorado River Metropolitan Park and Austin-Bergstrom International Airport. It is also well positioned near the continued evolution of the East Riverside corridor, including the 109-acre River Park mixed-use development now underway. Vintage Austin charm, adaptable bonus space and a large, tree-shaded yard come together in a home ready for its next chapter.

At $335/sqft, this home is 15% 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

2507 Glen Springs Way, Austin, TX 78741

Property Details

Price $474,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,416 sqft
Lot Size 0.18 acres (7,932.28 sqft)
Year Built 1965
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Greenbriar Sec 01
County Travis
Zip Code 78741
$/sqft $335/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,127.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242119028
List Date August 5, 2026
Elementary School Linder
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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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 · August 5, 2026 $499,900
Current ask $474,900
Reduced $25,000 (-5.0%) 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
1304 Mariposa Dr #132
Travis Green Condo
$460,000 $355 3 bd / 2 ba 1,296 sqft , 2026-08-25
2703 Princeton Dr
Burleson Road Heights
$499,000 $399 3 bd / 2 ba 1,250 sqft , 2026-09-17
1704 Alleghany Dr
Greenbriar Sec 01
$425,000 $284 3 bd / 2 ba 1,496 sqft , 2026-03-20
2209 Woodland Ave #203
Woodland
$525,000 $292 3 bd / 4 ba 1,797 sqft , 2026-05-22
2209 Woodland Ave #601
Woodland
$525,000 $292 3 bd / 4 ba 1,797 sqft , 2026-05-22

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
$2,280/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
$94,980
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 8, 2026.

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