Active Listing  ·  95 days on market

2705 Kingsland Way

Austin, TX 78725
$450,000
3 Bed 2 Bath 1,403 sqft $321/sqft Built 2014 0.13 acres 2-Car Garage Pool Knollwood On The Colorado Rive

Welcome home to the Colorado River lifestyle w/out the waterfront price.This rare 1 story offers comfort, charm, and connection in a peaceful, close-knit community just minutes from the heart of Austin. From the moment you arrive, a shaded front yard and inviting patio set a warm, welcoming tone.Step inside to an open-concept living, dining, and kitchen space, where a neutral palette enhances both function and tranquility.The kitchen is designed to impress and perform, featuring granite countertops, a center island with breakfast bar, and a full suite of stainless steel appliances—perfect for entertaining or everyday living.The private primary suite elevates relaxation with a vaulted ceiling, spacious ensuite bath offering dual vanities, a soaking tub, separate shower, and a generous walk-in closet.Two additional bedrooms provide flexibility for guests, a home office, or growing needs, each with ample storage. Additional storage can be found in the two-car garage and attic.Out back, a serene patio invites morning coffee and shaded sunset unwinding, creating your own nature-inspired retreat.This home truly delivers on lifestyle, location, and livability.

Located in Knollwood on the Colorado River, a unique riverfront community of 249 homes less than five miles east of downtown Austin, residents enjoy exceptional amenities.These include a private gated 12-acre riverfront park with hike-and-bike trails, picnic areas, tree swings, and a canoe/kayak launch.Two neighborhood parks, shaded mailbox clusters with solar lighting, and access to Walnut Creek trails connecting to Govalle Park and downtown enhance everyday living.Nearby conveniences include the YMCA, Austin Tennis Center, Austin-Bergstrom International Airport, Circuit of the Americas, and the Mueller district for shopping and dining.With an annual HOA fee of just $275, this hidden gem offers incredible value. Discover why this riverfront community remains one of Austin’s best-kept secrets.

At $321/sqft, this home is 18% 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

2705 Kingsland Way, Austin, TX 78725

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,403 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Knollwood On The Colorado Rive
County Travis
Zip Code 78725
$/sqft $321/sqft
Days on Market ,
HOA $275/Annually
Annual Tax Est. $9,952.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228230102
List Date May 20, 2026
Elementary School Govalle
Middle School Martin
High School Eastside Early College
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 20, 2026 $499,000
Previous ask $475,000
Current ask $450,000
Reduced $49,000 (-9.8%) 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
1123 Omega Ave #1
Omega Condos
$449,000 $468 2 bd / 3 ba 960 sqft , 2026-07-23
5307 Ledesma Rd
Casa Avila
$440,000 $256 4 bd / 2 ba 1,721 sqft , 2025-10-17
2513 Winchell Ln
Knollwood On The Colorado River Sec 01
$440,000 $347 3 bd / 2 ba 1,267 sqft , 2026-05-01
2404 Spanish Camp Cv
Knollwood On The Colorado River
$470,000 $311 3 bd / 2 ba 1,513 sqft , 2026-05-15
1136 Eleanor St
Green Valley 01
$425,000 $340 2 bd / 2 ba 1,249 sqft , 2026-06-26

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 August 6, 2026.

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