Active Listing  ·  109 days on market

2611 Oak Crest Ave #B

Austin, TX 78704
$1,085,000
3 Bed 3 Bath 1,727 sqft $628/sqft Built 2026 0.19 acres 1-Car Garage Pool New Construction Oak Ridge Heights Sec 01

*BOM due to buyer's situation changing.* Built in 2026, this 3-bedroom, 2.5-bath home is all on one level with the primary bedroom on main, and a dedicated home office, a combination that almost doesn't exist in new construction in South Austin. One level, move-in-ready home in one of Austin's most sought-after zip codes.

The open floor plan features vaulted ceilings, hardwood floors, and a chef's kitchen anchored by a large island, quartz countertops, built-in refrigerator, gas range, and walk-in pantry. The living and dining areas flow directly to a private backyard patio. The primary suite offers a walk-in closet and spa-like ensuite with walk-in shower and double vanity. Two additional bedrooms share a full bath. A dedicated home office sits just off the entry.

Minutes from South Congress Ave, South Lamar Blvd, and South First Street. Austin's best restaurants, coffee shops, and live music venues are at your doorstep.

At $628/sqft, this home is priced 61% 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

2611 Oak Crest Ave #B, Austin, TX 78704

Property Details

Price $1,085,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,727 sqft
Lot Size 0.19 acres (8,446.28 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge Heights Sec 01
County Travis
Zip Code 78704
$/sqft $628/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,140
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT226044613
List Date April 17, 2026
Elementary School Dawson
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
613 W Annie St #A
613 West Annie Street Condomin
$1,085,000 $697 2 bd / 3 ba 1,556 sqft , 2026-05-13
900 S 2nd St #21
Bouldin Court Condos
$1,085,000 $658 3 bd / 3 ba 1,650 sqft , 2026-06-25
2301 S 5th St #5
South 05 Amd
$1,090,000 $529 3 bd / 4 ba 2,060 sqft , 2026-06-22
1304 Richcreek Rd #B
Crestview Add Sec 07
$1,079,000 $496 4 bd / 3 ba 2,175 sqft , 2026-07-21
4911 Duval St
James P Wallace League
$1,075,000 $496 3 bd / 3 ba 2,167 sqft , 2026-03-13

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
$5,208/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
$217,000
20% conventional investment loan

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

Estimated Gross Rent+$5,208
Principal + Interest−$5,921
Property Tax (~2.1% TX avg)−$1,899
Insurance (~0.5%)−$452
Est. Monthly Cash Flow $-3,064

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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