Active Listing  ·  285 days on market

2812 Oak Springs Dr #2

Austin, TX 78702
$535,000
2 Bed 3 Bath 1,089 sqft $491/sqft Built 2018 0.07 acres 1-Car Garage Pool Homewood Heights

PATIO, DECK, COURTYARD, & MATURE OAK TREES!

This is 2812 Oak Springs Dr #B, a smart, turnkey home with 2 bedrooms and 2.5 bathrooms in the heart of the east side.

In addition to a private yard, patio, and deck, you’ll also get to enjoy the bonus courtyard that’s perfect to let your pup and/or kids play.

Inside, the first floor is filled with natural light thanks to oversized windows in the common areas. The kitchen features stainless steel appliances, a gas range, and quartz countertops. A convenient half bathroom is tucked downstairs, and the washer and dryer hookups are located in the attached one-car garage.

Upstairs, you’ll find two bedrooms, each with their own ensuite bathroom. The primary oasis is ultra-private and features two separate closets, a dual-vanity, walk-in shower, and direct access to the back patio and yard. The second bedroom also has a private ensuite bathroom for ultimate comfort.

The best part of this home is its outdoor space. The home backs up to lush foliage so it feels like you’re in nature instead of minutes to downtown. The patio and deck also make it easy to live, work, and entertain. This space was designed for someone who appreciates a peaceful morning alone and a social weekend with friends.

Finally, you’re steps from some of East Austin’s best: Desnudo, Veracruz, Birdie’s, Fleet Coffee, Sammataro Pizza, and Rosewood Neighborhood Park. You’re also less than a mile to Boggy Creek Trail, under 3 miles to both Downtown and Mueller without any highways, and just 10 minutes to the Austin Bergstrom airport. Welcome home!

At $491/sqft, this home is priced 26% 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

2812 Oak Springs Dr #2, Austin, TX 78702

Property Details

Price $535,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,089 sqft
Lot Size 0.07 acres (2,892.38 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Homewood Heights
County Travis
Zip Code 78702
$/sqft $491/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,131.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT209771438
List Date October 23, 2025
Elementary School Oak Springs
Middle School Kealing
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.

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
2015 Fair Oaks Dr
Southern Oaks Sec 01
$535,000 $460 3 bd / 2 ba 1,164 sqft , 2026-06-02
1157 Nickols Ave
Eastfield
$535,000 $413 2 bd / 3 ba 1,296 sqft , 2026-07-15
2505 E 11th St #2
2505 E 11th Street Condos
$535,000 $597 2 bd / 3 ba 896 sqft , 2026-07-30
507 Sabine St #605
Sabine On 05 Residential Condo
$538,998 $370 2 bd / 2 ba 1,456 sqft , 2024-06-20
1912 Holly St
Driving Park Add
$539,000 $576 3 bd / 2 ba 936 sqft , 2026-05-08

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
$2,568/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
$107,000
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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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