Active Listing  ·  55 days on market

2605 Shire Ridge Dr

Austin, TX 78732
$885,000
4 Bed 4 Bath 3,225 sqft $274/sqft Built 2004 0.23 acres 2-Car Garage Pool Steiner Ranch Ph 01 Sec 06D

This beautifully updated Steiner Ranch home offers a rare blend of greenbelt privacy, exceptional walkability, and thoughtfully upgraded living, with Laura Welch Bush Elementary just 0.3 mile away and Canyon Ridge Middle School approximately 0.5 mile from the home.

Set on a quiet street ending in a cul-de-sac, the home backs directly to the greenbelt with no neighbors behind. Tall living room windows fill the space with natural light while framing views of the landscaped backyard and greenbelt beyond. Recent investments include a 2024 roof, Both HVAC systems replaced in 2022, and both water heaters replaced in 2023.

The spacious chef-inspired kitchen features a gas cooktop, Bosch dishwasher, generous workspace, and seamless flow into the main living areas. The elegant primary bath was remodeled in 2025 with an oversized walk-in shower, soaking tub, upgraded tile, stylish lighting and mirrors, and a built-in electric fireplace/heater.

The main level also offers a private office currently used as a fitness room, a separate dining room currently used as a music room, and no carpet downstairs. A wood and wrought iron staircase leads to an open flex/game room with access to a second-level balcony and elevated views, plus three bedrooms and two full baths. Each upstairs bedroom includes a walk-in closet.

Additional features include a water softener (owned), Nest thermostat, upgraded carpet, and an oversized garage with space for storage or a workbench.

Enjoy Steiner Ranch pools, parks, trails, tennis courts, dog parks, clubhouses, and the private Lake Club with boating and fishing access. Vandegrift High School is approximately 7.1 miles away, and The University of Texas Golf Club is approximately 2.7 miles away.

Refrigerator in kitchen and large mirror in piano room do not convey. Buyer and Buyer’s Agent to verify schools, attendance zones, measurements, taxes, HOA information, restrictions, and property details.

At $274/sqft, this home is 30% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2605 Shire Ridge Dr, Austin, TX 78732

Property Details

Price $885,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,225 sqft
Lot Size 0.23 acres (10,079.78 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 06D
County Travis
Zip Code 78732
$/sqft $274/sqft
Days on Market ,
HOA $603.48/Semi-Annually
Annual Tax Est. $17,970.25
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237958736
List Date July 29, 2026
Elementary School Laura Welch Bush
Middle School Canyon Ridge
High School Vandegrift
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 · July 29, 2026 $905,000
Previous ask $917,000
Current ask $885,000
Reduced $20,000 (-2.2%) 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
12600 Schreiner Ct
Steiner Ranch Ph 01 Sec 02-A
$850,000 $257 4 bd / 3 ba 3,308 sqft , 2026-05-29
2900 Grimes Ranch Rd
Steiner Ranch Ph 01 Sec 05A
$849,000 $275 4 bd / 3 ba 3,088 sqft , 2026-09-18
13306 Montview Dr
Montview Acres
$925,000 $280 4 bd / 3 ba 3,300 sqft , 2026-05-14
3224 Summer Canyon Dr
Steiner Ranch Ph 02 Sec 05
$925,000 $263 4 bd / 3 ba 3,512 sqft , 2026-07-18
12717 Lee Park Ln
Steiner Ranch Parkside
$795,000 $273 3 bd / 3 ba 2,912 sqft , 2026-08-07

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
$4,248/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
$177,000
20% conventional investment loan

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

Estimated Gross Rent+$4,248
Principal + Interest−$4,830
Property Tax (~2.1% TX avg)−$1,549
Insurance (~0.5%)−$369
Est. Monthly Cash Flow $-2,500

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 11, 2026.

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