Active Listing  ·  14 days on market

2605 Friar Tuck Ln

Austin, TX 78704
$995,000
5 Bed 4 Bath 2,250 sqft $442/sqft Built 1964 0.20 acres 2-Car Garage Pool Sherwood Oaks Sec 04

Oversized corner lot. Flexible floor plan. Unbeatable 78704 location. Just steps from St. Edward's University and minutes from South Congress and downtown Austin, this recently remodeled 5-bedroom, 4-bath home combines space, versatility, and one of Austin's most sought-after locations. Brand-new flooring and an expansive open-concept layout create a bright, seamless flow that feels much larger than its 2,066 square feet.

Designed to accommodate a variety of lifestyles, the home features five well-appointed bedrooms, including a private attached guest suite with its own separate entrance, bedroom, full bathroom, living area, dining space, and kitchenette. Whether used for multigenerational living, long-term guests, a dedicated home office, or added rental flexibility, the suite offers exceptional versatility.

Outside, the oversized corner lot provides an abundance of outdoor space rarely found this close to downtown. Enjoy a sprawling front yard with slight downtown views, a private courtyard-style backyard, and an additional fenced side yard - offering endless possibilities for entertaining, gardening, pets, or play. Combining recent updates, flexible living spaces, and an unbeatable location with easy access to St. Edward's University, South Congress, downtown Austin, and countless local restaurants, shopping, and entertainment, this home is a rare opportunity in the heart of 78704.

Ask about the preferred lender financing program offering significantly reduced monthly payments for qualified buyers.

At $442/sqft, this home is priced 13% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2605 Friar Tuck Ln, Austin, TX 78704

Property Details

Price $995,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,250 sqft
Lot Size 0.20 acres (8,794.76 sqft)
Year Built 1964
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Oaks Sec 04
County Travis
Zip Code 78704
$/sqft $442/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,285.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239292229
List Date July 21, 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.

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
3502 Speedway None
Buddington
$995,000 $438 5 bd / 3 ba 2,270 sqft , 2026-01-23
1912 Madison Ave
Crestview Add Sec 03
$999,900 $422 4 bd / 5 ba 2,368 sqft , 2026-07-31
2302 E 9th St
Grandview Place
$999,990 $422 4 bd / 3 ba 2,369 sqft , 2026-06-18
15108 General Williamson Dr
Cardinal Hills Estates Unit 16
$1,000,000 $361 4 bd / 4 ba 2,768 sqft , 2026-03-04
6205 Caddie St #1 & 2
Addie Condo
$1,000,000 $401 5 bd / 4 ba 2,494 sqft , 2026-05-01

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
$4,776/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
$199,000
20% conventional investment loan

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

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (~2.1% TX avg)−$1,741
Insurance (~0.5%)−$415
Est. Monthly Cash Flow $-2,810

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →