Active Listing  ·  19 days on market

3205 Rockhurst Ln

Austin, TX 78723
$515,000
3 Bed 3 Bath 1,458 sqft $353/sqft Built 1998 0.19 acres 1-Car Garage Pool Summit At University Hills

If LOCATION is at the top of your wish list, this one deserves your attention. Located in University Hills, this home puts you just minutes from Mueller, parks, shopping, restaurants, entertainment and everything that makes East/Central Austin such a convenient place to call home. Need to get around Austin? You’ll have convenient access to major roadways, making it easy to head toward Downtown Austin, The University of Texas, Mueller, or Austin-Bergstrom International Airport. Inside, you’ll find a two-story layout with 3 spacious bedrooms, 2.5 bathrooms, high ceilings, plenty of natural light and an open living space. Step outside and you’ll find a LARGE BACKYARD with plenty of room to entertain, play, or create your own outdoor oasis. Interior and Exterior was repainted in August 2026.

At $353/sqft, this home is 10% 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

3205 Rockhurst Ln, Austin, TX 78723

Property Details

Price $515,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,458 sqft
Lot Size 0.19 acres (8,315.6 sqft)
Year Built 1998
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summit At University Hills
County Travis
Zip Code 78723
$/sqft $353/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,147.78
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245834307
List Date September 4, 2026
Elementary School Winn
Middle School Bertha Sadler Means
High School Lyndon B Johnson (Austin ISD)
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
7402 Bucknell Dr
University Hills Sec 04 Ph 03
$499,500 $301 4 bd / 2 ba 1,660 sqft , 2026-02-27
6905 Tulane Dr
Riverbend Sec 03c At University Hills
$499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01
6912 Langston Dr
Riverbend Sec 1 At University Hills
$499,000 $256 3 bd / 3 ba 1,952 sqft , 2026-07-31
6807 Roanoke Dr
University Hills Sec 02 Ph 05
$549,999 $390 3 bd / 2 ba 1,410 sqft , 2026-08-10
7302 Meadowood Dr
Vintage Hills
$550,000 $341 3 bd / 2 ba 1,613 sqft , 2026-03-20

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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 September 11, 2026.

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