Active Listing  ·  28 days on market

2708 Carnarvon Ln

Austin, TX 78704
$715,000
3 Bed 2 Bath 1,239 sqft $577/sqft Built 1965 0.20 acres 1-Car Garage Pool Sherwood Oaks Sec 06

One Story Home: 3 Beds, 2 Baths + Dedicated Office or 2nd Living Room + 1 Car Garage. A private backyard oasis, and a coveted 78704 location— Enjoy the best of South Austin living in this charming single-family home, thoughtfully updated while still preserving some of its original character. The bathrooms feature classic blue and green tile for a retro touch, while the bright, modern living spaces make everyday living and entertaining easy. The modern kitchen flows seamlessly into the dining and living areas, creating a welcoming space for gatherings. A versatile bonus room at the front of the home can be used as a home office, second living room, or whatever fits your lifestyle. The spacious primary bedroom also features a walk-in closet. Step outside and you'll find your own private retreat—with plenty of room for outdoor dining, gardening, or relaxing under the shaded gazebo. Just minutes from the new H-E-B on South Congress and the restaurants, coffee shops, boutiques, and entertainment along South Congress. Spend your Saturday strolling the neighborhood, grabbing brunch, shopping local, and enjoying everything that makes this one of Austin's most desirable areas. Charming, updated, walkable to so much—Welcome home to 78704 - Sherwood Oaks neighborhood!

At $577/sqft, this home is priced 48% 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

2708 Carnarvon Ln, Austin, TX 78704

Property Details

Price $715,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,239 sqft
Lot Size 0.20 acres (8,607.46 sqft)
Year Built 1965
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Oaks Sec 06
County Travis
Zip Code 78704
$/sqft $577/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,185.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247574065
List Date September 25, 2026
Elementary School Travis Hts
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.

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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
2121 S Congress Ave #501
Travis Heights
$720,000 $693 2 bd / 2 ba 1,039 sqft , 2026-10-08
2503 East Side Dr
Sherwood Oaks Sec 03
$729,000 $544 3 bd / 2 ba 1,339 sqft , 2026-09-03
2510 Little John Ln
Sherwood Oaks Sec 03
$699,999 $503 3 bd / 2 ba 1,393 sqft , 2026-04-10
207 Woodward St
Woodward Indust District
$699,900 $443 4 bd / 2 ba 1,580 sqft , 2026-07-16
3604 Wilson St
Cherry Hills
$699,000 $520 3 bd / 2 ba 1,344 sqft , 2026-05-31

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
$3,432/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
$143,000
20% conventional investment loan

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

Estimated Gross Rent+$3,432
Principal + Interest−$3,902
Property Tax (~2.1% TX avg)−$1,251
Insurance (~0.5%)−$298
Est. Monthly Cash Flow $-2,019

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 23, 2026.

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