Active Listing  ·  17 days on market

3005 Leaning Oak Cir

Austin, TX 78704
$755,000
4 Bed 2 Bath 1,680 sqft $449/sqft Built 1964 0.18 acres Pool South Terrace Add

Welcome to Leaning Oak Cir, the friendliest little cul-de-sac in Texas! Where unbeatable 78704 value meets classic South Austin charm! This home has easy access to grocery, shopping, hike and bike trails, Zilker Park, and all those famous S Lamar hotspots! Tucked away on an expansive, tree-shaded 7000+ sqft lot, 3005 Leaning Oak Cir offers a rare footprint featuring 4 bedrooms and 2 full bathrooms with a detached bonus studio complete with electricity and AC-the ultimate set up for a private home office, fitness gym, or creative space. Over $150k in recent renovations, including a new main sewer line, custom wood paneling by Grip Grain Woodwork, recent int & ext paint, LVP floors, new water heater(2023), new HVAC(2024), and sparkling bathrooms with floor to ceiling walk in showers! As you enter the home you are greeted by the brand new gourmet kitchen featuring Leicht cabinetry, quartz countertops, SS appliances, and center island with waterfall edge. The sprawling layout gives you privacy but also has a perfect setup for entertaining a large group utilizing the jumbo family room. The private master bedroom is located on one end of the home with the remaining bedrooms on the other side. Relax in the backyard with your morning cup of coffee under the covered porch or throw the party of the year with all of the extra space in this manicured backyard!

At $449/sqft, this home is priced 15% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3005 Leaning Oak Cir, Austin, TX 78704

Property Details

Price $755,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,680 sqft
Lot Size 0.18 acres (7,666.56 sqft)
Year Built 1964
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision South Terrace Add
County Travis
Zip Code 78704
$/sqft $449/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250851371
List Date October 26, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Zilker · O Henry · Austin

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
3215 Aldwyche Dr
Lightsey 2s 2nd Resub
$750,000 $463 3 bd / 3 ba 1,619 sqft , 2026-06-05
510 El Paso St #A
Pearson Subdivision
$749,900 $468 3 bd / 3 ba 1,603 sqft , 2026-10-09
4101 Menchaca Rd #205
4101 Menchaca
$749,000 $414 3 bd / 4 ba 1,809 sqft , 2026-05-13
2113 Thornton Rd
Fredericksburg Road Acres
$765,000 $455 4 bd / 2 ba 1,680 sqft , 2026-06-09
2809 Kinney Oaks Ct
Village At Kinney Court
$775,000 $469 3 bd / 2 ba 1,654 sqft , 2026-10-22

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
$3,624/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
$151,000
20% conventional investment loan

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

Estimated Gross Rent+$3,624
Principal + Interest−$4,120
Property Tax (assumed ~2.1%)−$1,321
Insurance (assumed ~0.5%)−$315
Est. Monthly Cash Flow $-2,132

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 · 41 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. The written content was last updated on October 27, 2026.

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

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