Active Listing  ·  103 days on market

2516 Hopsack Mills Rd

Austin, TX 78748
$469,000
3 Bed 3 Bath 2,407 sqft $195/sqft Built 2016 0.27 acres 2-Car Garage Pool Gabardine Condo

**SELLERS TO PAY FOR SIX MONTHS OF HOA’S IN ADVANCE FOR BUYER** Buyer terminated due to financing only. Welcome to 2516 Hopsack Mills Rd, a beautifully designed light-filled modern home in the sought-after Gabardine condo community of South Austin. Offering just over 2,400 square feet of thoughtfully designed living space, this stylish residence blends contemporary comfort with an open, airy layout perfect for both entertaining and everyday living.

Step inside to soaring ceilings, oversized windows, and abundant natural light that fills the spacious main living area. The open floorplan creates seamless flow between the living room, dining area, and kitchen, while rich wood flooring and clean modern finishes add warmth and sophistication throughout.

The spacious primary suite is conveniently located on the main floor, offering privacy and ease of living. Filled with natural light, the retreat-like bedroom features generous proportions and a calming modern aesthetic. Upstairs, two additional bedrooms provide flexible space for family, guests, a home office, or creative studio setup.

Designed for effortless living, this home combines contemporary style with functional spaces in one of South Austin’s most convenient locations. Residents of the Gabardine community enjoy a low-maintenance lifestyle with beautifully maintained surroundings and easy access to nearby parks, trails, shopping, and dining. Located just minutes from South Menchaca entertainment districts, local breweries, coffee shops, and major commuter routes, this home offers the perfect balance of peaceful community living and vibrant Austin convenience.

At $195/sqft, this home is 50% 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

2516 Hopsack Mills Rd, Austin, TX 78748

Property Details

Price $469,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,407 sqft
Lot Size 0.27 acres (11,669.72 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gabardine Condo
County Travis
Zip Code 78748
$/sqft $195/sqft
Days on Market ,
HOA $535.21/Monthly
Annual Tax Est. $10,542
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229686894
List Date May 13, 2026
Elementary School Baranoff
Middle School Bailey
High School Bowie
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 · May 13, 2026 $499,000
Previous ask $479,000
Current ask $469,000
Reduced $30,000 (-6.0%) 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
12404 Reserve Creek Dr
Gabardine Condo
$469,500 $249 3 bd / 3 ba 1,885 sqft , 2026-05-09
11614 Buster Crabbe Dr
Olympic Heights West
$475,000 $295 3 bd / 3 ba 1,608 sqft , 2026-06-27
2004 Garretts Way
Hills Of Bear Creek Sec 1
$478,900 $192 4 bd / 4 ba 2,496 sqft , 2026-08-15
2524 Lavendale Ct
Hillcrest Sec 03
$485,000 $175 3 bd / 3 ba 2,775 sqft , 2026-04-17
3005 Shoot Out Ct
Shady Hollow Sec 06 Ph D
$449,000 $254 3 bd / 2 ba 1,765 sqft , 2026-08-19

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
$2,251/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
$93,800
20% conventional investment loan

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

Estimated Gross Rent+$2,251
Principal + Interest−$2,560
Property Tax (~2.1% TX avg)−$821
Insurance (~0.5%)−$195
Est. Monthly Cash Flow $-1,325

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 July 31, 2026.

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