Active Listing  ·  31 days on market

2511 Keepsake Dr

Austin, TX 78745
$465,000
3 Bed 3 Bath 1,474 sqft $315/sqft Built 2005 0.10 acres 2-Car Garage Pool Grand Oaks Amd

**New Roof will be included**

Welcome to this charming South Austin home in the desirable Grand Oaks community! This well-maintained 3-bedroom, 2.5-bath residence offers an open-concept layout filled with natural light, a spacious living area, and a roomy kitchen perfect for everyday living and entertaining. Upstairs, the private primary suite is complemented by two additional bedrooms. The home will be fitted with a brand new roof, giving buyers added peace of mind and long-term value. The kitchen has also been upgraded with new quartz countertops, and fresh interior paint runs throughout the home. The fenced backyard, attached 2-car garage, and no carpet throughout add to the home's appeal. Community amenities include a hike & bike trail, playground, basketball court, covered pavilion, and BBQ area. Conveniently located just minutes from Southpark Meadows, major employers, downtown Austin, and Austin-Bergstrom International Airport, with easy access to shopping, dining, and entertainment. All values are approximate and to be verified.

At $315/sqft, this home is 20% 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

2511 Keepsake Dr, Austin, TX 78745

Property Details

Price $465,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,474 sqft
Lot Size 0.10 acres (4,499.75 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Grand Oaks Amd
County Travis
Zip Code 78745
$/sqft $315/sqft
Days on Market ,
HOA $135/Quarterly
Annual Tax Est. $8,976.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232187182
List Date July 24, 2026
Elementary School Andrews
Middle School Bedichek
High School Crockett
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
1408 Rambling Rose Rd
Novel
$469,990 $260 3 bd / 3 ba 1,810 sqft , 2026-05-08
2311 Sheri Oak Ln
Oak Valley Park Sec 03
$455,000 $276 3 bd / 2 ba 1,651 sqft , 2026-07-30
8814 United Kingdom Dr
Buckingham Estates Ph 04 Sec A
$475,000 $320 4 bd / 2 ba 1,483 sqft , 2026-05-16
3410 Plantation Rd
Oak Plantations
$475,000 $450 3 bd / 2 ba 1,056 sqft , 2026-08-07
7900 Clydesdale Dr
Southampton Sec 3-a
$450,000 $365 3 bd / 2 ba 1,234 sqft , 2025-11-08

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
$2,232/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
$93,000
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,538
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,314

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 August 8, 2026.

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