Active Listing  ·  7 days on market

307 Thistlewood Dr

Austin, TX 78745
$440,000
3 Bed 2 Bath 1,210 sqft $364/sqft Built 1970 0.18 acres 1-Car Garage Pool Community Fairview Sec 04

Beautifully updated and move-in ready, this charming single-story home sits on a spacious lot in the heart of South Austin’s sought-after 78745 zip code. Nestled in the established and walkable Fairview neighborhood - between S 1st and S Congress, near the vibrant St. Elmo district - this property offers both classic neighborhood charm and modern convenience. The exterior welcomes you with low-maintenance xeriscaping, updated professional landscaping, fresh exterior paint, and a privacy fence along the driveway leading to an attached one-car garage. Inside, an open-concept living area features soaring ceilings and bamboo flooring. The kitchen boasts custom contemporary cabinetry, a farmhouse sink, white appliances, a stainless steel refrigerator, and a chic peninsula for bar seating. Off the entry, a formal dining area offers excellent space flexibility, while the primary suite includes an updated ensuite bath and a walk-in closet outfitted with adjustable Elfa shelving. Two additional bedrooms provide versatile options for a home office or guest room, complete with a newly replaced ceiling fan and light fixture in the front bedroom. Step outside into an outdoor retreat designed for effortless entertaining. A screened-in back porch with vaulted ceilings and a ceiling fan opens to a synthetic turf lawn framed by mature shade trees. Highlighted in the backyard is the signature Cowboy Pool, featuring a newly replaced filter system. The home has been meticulously maintained, featuring refreshed interior paint alongside an HVAC system updated in December 2020. Enjoy South Austin living near local favorites like Cosmic Coffee, Radio Coffee & Beer, Leroy & Lewis BBQ, Thicket Food Park, and Central Market, with proximity to Williamson Creek trails and local parks. Convenient access to S 1st, S Congress, and Menchaca puts you just minutes from Downtown Austin, Zilker Park, and the airport. Don’t miss this exceptional opportunity in the ’45 - schedule your showing today!

At $364/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

307 Thistlewood Dr, Austin, TX 78745

Property Details

Price $440,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,210 sqft
Lot Size 0.18 acres (7,997.62 sqft)
Year Built 1970
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Community Fairview Sec 04
County Travis
Zip Code 78745
$/sqft $364/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,503.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246702588
List Date September 16, 2026
Elementary School St Elmo
Middle School Bedichek
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.

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
4315 S Congress Ave #411
Congress Lofts Condominiums
$435,000 $447 2 bd / 2 ba 973 sqft , 2026-09-02
509 Westmorland Dr
Greenwood Hills Sec 06
$432,500 $361 3 bd / 2 ba 1,199 sqft , 2026-07-03
402 Philco Dr
Alamo Heights Sec 02
$449,000 $370 3 bd / 1 ba 1,212 sqft , 2026-08-05
806 Philco Dr #2
Greenwood Forest Sec 01
$449,900 $392 3 bd / 3 ba 1,149 sqft , 2026-06-06
5803 Eureka Dr
Oasis Village Sec 03
$449,900 $355 3 bd / 2 ba 1,269 sqft , 2026-07-03

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
$2,112/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
$88,000
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 20, 2026.

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