Active Listing  ·  26 days on market

2708 Bristol Dr

Austin, TX 78723
$725,000
3 Bed 3 Bath 1,973 sqft $367/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Highlands / University Hills in East Austin

No compromises. This house has it all. As unique as its namesake, the Pennybacker floorplan bridges the gap between natural retreat and city convenience delivering peaceful greenbelt views paired with an unbeatable central location in Austin's University Hills neighborhood. This is not an ADU set up. It’s true single family living in East Austin. This thoughtfully designed 3-bedroom, 2.5-bath home is located just six minutes from H-E-B (Mueller), The Home Depot, and Dell Children's Medical Center, placing everyday essentials right at your fingertips. Inside, a spacious loft offers the perfect setting for a home office or secondary living area, with the easy option to convert it into a fourth bedroom upon request. The living room showcases a stunning retractable glass door system that opens to a large patio and private greenbelt-facing backyard—no rear neighbors, just peaceful views. A full two-car garage with epoxy floors adds style and function, while the kitchen impresses with a gorgeous island that comfortably seats four, ceiling-height cabinetry for abundant storage, and a French drawer refrigerator, with an optional washer and dryer package available. The first-floor primary suite overlooks the greenbelt and features vaulted ceilings, a double vanity, a frameless glass walk-in shower, and a spacious walk-in closet. . 100% foam insulation, a state-of-the-art variable speed AC system, and is solar ready—all with no HOA fees, no condo fees, and no deed restrictions. Built by Thurman Homes, Austin’s Green Builder of the Year, the sales price of this home includes a full 1% buydown on a loan through the preferred lender. Welcome home!!

At $367/sqft, this home is 7% 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

2708 Bristol Dr, Austin, TX 78723

Property Details

Price $725,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,973 sqft
Lot Size 0.14 acres (5,980.79 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highlands / University Hills in East Austin
County Travis
Zip Code 78723
$/sqft $367/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,971
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT244598055
List Date August 28, 2026
Elementary School Harris
Middle School Webb
High School Northeast 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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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
3305 Hycreek Dr
Cherrylawn Sec 06
$720,000 $319 4 bd / 4 ba 2,254 sqft , 2026-06-25
6010 Dunbury Dr
Gaston Park
$734,999 $291 3 bd / 2 ba 2,524 sqft , 2026-07-16
6313 Bristol Cir #1
Highlands/University Hills
$700,000 $326 4 bd / 4 ba 2,150 sqft , 2026-08-19
6805 Tulane Dr
University Hills Sec 03 Ph 01
$680,000 $415 4 bd / 2 ba 1,639 sqft , 2026-06-17
3008 Cedarlawn Cir
Cherrylawn Sec 02
$775,000 $418 4 bd / 3 ba 1,856 sqft , 2026-09-03

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 21, 2026.

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