Active Listing  ·  15 days on market

2706 Thrushwood Dr

Austin, TX 78757
$450,000
3 Bed 2 Bath 1,901 sqft $237/sqft Built 1967 0.19 acres 2-Car Garage Pool Northwest Terrace Sec 01

**BOM: Previous buyer lied and tried to wholesale the property. No inspection was done. Please review offer instructions in Documents prior to making an offer.** A rare opportunity for investors, builders or buyers seeking a substantial renovation project in North Shoal Creek. Located within walking distance of Pillow Elementary, shopping and restaurants, with new development nearby. Offered for the first time on the market, this property features a full-brick exterior and a larger-than-typical floor plan with three bedrooms, two bathrooms, two living areas, a home office/flex room and a two-car garage. The home is in distressed condition and is ready for a complete remodel or potential teardown. The estate administrator has never occupied the property and has no knowledge of its condition, thus being sold AS IS. No survey is available. Property is zoned SF-2. For information regarding planned future development behind the backyard fence, buyers are encouraged to search “Crossroads Apartment Redevelopment” with the City of Austin.

At $237/sqft, this home is 40% 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

2706 Thrushwood Dr, Austin, TX 78757

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,901 sqft
Lot Size 0.19 acres (8,380.94 sqft)
Year Built 1967
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northwest Terrace Sec 01
County Travis
Zip Code 78757
$/sqft $237/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,351.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246559422
List Date September 23, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
High School Anderson
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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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
9007 W Pointer Ln
Quail Creek West Sec 01
$449,000 $293 4 bd / 2 ba 1,535 sqft , 2026-06-18
1700 Colony Creek Dr
Quail Creek West Sec 01
$449,000 $288 4 bd / 2 ba 1,560 sqft , 2026-09-25
1801 Ohlen Rd
Wooten Terrace Sec 01
$475,000 $289 3 bd / 2 ba 1,646 sqft , 2026-09-03
8005 Northforest Dr
Balcones West
$499,900 $357 3 bd / 2 ba 1,402 sqft , 2026-08-31
8311 Briarwood Ln
Northtowne Sec 01
$398,000 $288 3 bd / 2 ba 1,383 sqft , 2026-06-23

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 October 5, 2026.

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