Active Listing  ·  6 days on market

2512 McGregor Dr

Austin, TX 78745
$599,000
3 Bed 2 Bath 1,306 sqft $459/sqft Built 1972 0.14 acres 2-Car Garage Pool Village Sec 05

Welcome to The McGregor House, a reimagined South Austin ranch created through the collaboration of two powerhouse female builders. This 3 bedroom, 2 bath home pairs thoughtful design with a warm, collected feel. Light oak hardwood floors, Level 4 walls, curated lighting, and distinctive tile set the tone throughout.

The kitchen is an entertainer’s dream and the heart of the home, with ample cabinet space and drawers, Taj Mahal quartzite countertops, a fluted wood breakfast bar, floating shelves, and a statement backsplash. The primary suite features a double vanity, earthy green cabinetry, warm metallic finishes, and a glass enclosed shower. Even the laundry becomes a destination, with a dedicated mudroom, statement wallpaper, and designer lighting.

Updated windows and doors, recent water heater, deck, horizontal wood fencing, mature trees, and refreshed landscaping complete the renovation.

Turnkey and ideally located in the heart of South Austin, just minutes from Central Market, H-E-B, and Leona Botanical Cafe, with easy access to SoCo’s boutiques, restaurants, and music venues, plus downtown Austin and more.

At $459/sqft, this home is priced 17% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2512 McGregor Dr, Austin, TX 78745

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,306 sqft
Lot Size 0.14 acres (5,993.86 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village Sec 05
County Travis
Zip Code 78745
$/sqft $459/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,638.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247732185
List Date October 2, 2026
Elementary School Cunningham
Middle School Covington
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.

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
2603 Burly Oak Dr
Cherry Creek
$599,000 $389 4 bd / 3 ba 1,538 sqft , 2026-10-06
7308 Eganhill Dr
Cherry Creek Ph 04 Sec 02
$587,500 $417 3 bd / 2 ba 1,410 sqft , 2026-09-18
7901 SEMINARY RIDGE Dr
Cherry Creek Ph 07 Sec 03
$585,000 $359 4 bd / 2 ba 1,629 sqft , 2026-09-10
6200 Blarwood Dr
Cherry Creek Ph 02 Sec 04
$585,000 $421 4 bd / 2 ba 1,388 sqft , 2026-09-03
7912 Finch Trl
Cherry Creek
$575,000 $332 4 bd / 3 ba 1,734 sqft , 2026-08-10

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 October 8, 2026.

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