Active Listing  ·  192 days on market

3202 Overcup Oak Dr

Austin, TX 78704
$790,000
4 Bed 3 Bath 2,003 sqft $394/sqft Built 1963 0.13 acres Pool South Terrace Add

Tucked away on a quiet cul-de-sac in the desirable South Terrace neighborhood, this two-story home offers the perfect blend of privacy and convenience just minutes from downtown Austin. The 4-bedroom, 3-bath layout features a primary bedroom on the main level, open living and dining areas, and abundant natural light throughout. Enjoy a peaceful setting surrounded by mature trees while still being close to some of Austin’s most iconic destinations, including Barton Springs Pool, Zilker Park, the Barton Creek Greenbelt, and South Lamar’s popular restaurants and entertainment. Nearby favorites include Alamo Drafthouse, Loro, Uchi, and Odd Duck, with convenient access to downtown, Lady Bird Lake trails, and Barton Creek Square.

At $394/sqft, this home is priced in line with the Austin market average of $393/sqft across 4,588 active listings. View Austin market report →

Location

3202 Overcup Oak Dr, Austin, TX 78704

Property Details

Price $790,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,003 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 1963
Garage ,
Stories ,
Type Residential · Condominium
Subdivision South Terrace Add
County Travis
Zip Code 78704
$/sqft $394/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,183.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222057807
List Date March 15, 2026
Elementary School Zilker
Middle School O Henry
High School Austin
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
3605 Winfield Cv
Barton Oaks
$790,000 $469 4 bd / 3 ba 1,683 sqft , 2026-03-15
1806 Fortview Rd
Low Theodore Heights
$799,999 $580 3 bd / 2 ba 1,380 sqft , 2026-07-06
4322 James Casey St
Bouldin J E Estate
$779,000 $585 3 bd / 1 ba 1,332 sqft , 2025-09-26
3215 Aldwyche Dr
Lightsey 2s 2nd Resub
$765,000 $473 3 bd / 3 ba 1,619 sqft , 2026-06-05
2113 Thornton Rd
Fredericksburg Road Acres
$765,000 $455 4 bd / 2 ba 1,680 sqft , 2026-06-09

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
$3,792/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
$158,000
20% conventional investment loan

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

Estimated Gross Rent+$3,792
Principal + Interest−$4,311
Property Tax (~2.1% TX avg)−$1,383
Insurance (~0.5%)−$329
Est. Monthly Cash Flow $-2,231

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 June 13, 2026.

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