Active Listing  ·  145 days on market

3305 Santa Monica Dr

Austin, TX 78741
$599,900
3 Bed 3 Bath 2,243 sqft $267/sqft Built 1963 0.24 acres 2-Car Garage Pool Santa Monica Park

Tucked in Santa Monica Park, this beautifully reimagined home at 3305 Santa Monica Drive offers modern design, thoughtful updates, and a location just minutes from some of Austin’s most exciting destinations.

Step inside to a bright, open interior where engineered hardwood floors flow throughout the home, complemented by tile flooring in the bathrooms, recessed lighting, and stylish modern fixtures and ceiling fans. A striking wood-beamed ceiling adds warmth and architectural character to the main living space, creating a perfect balance of contemporary style and timeless detail.

The heart of the home is a stunning open kitchen designed for gathering and everyday living. Anchored by a generous quartz island, the space features stainless steel appliances and seamless flow into the dining and living areas, making entertaining effortless. The thoughtful layout includes three spacious bedrooms, two and a half bathrooms, and a dedicated office or flex space that easily adapts to work-from-home needs, creative pursuits, or a quiet retreat.

Beyond the home, the location places you close to some of Austin’s favorite outdoor and cultural destinations. Enjoy quick access to Lady Bird Lake Hike-and-Bike Trail, scenic afternoons at Roy G. Guerrero Colorado River Metro Park, or peaceful escapes at Secret Beach. Dining, entertainment, and local flavor are just minutes away along South Congress Avenue and the vibrant East Riverside District, while the rapidly growing Oracle Campus adds energy and convenience to the area.

With its complete redesign, stylish finishes, and unbeatable proximity to downtown Austin, this Santa Monica Park home offers a rare opportunity to enjoy elevated living in one of the city’s most dynamic and connected neighborhoods.

At $267/sqft, this home is 32% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3305 Santa Monica Dr, Austin, TX 78741

Property Details

Price $599,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,243 sqft
Lot Size 0.24 acres (10,463.11 sqft)
Year Built 1963
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Monica Park
County Travis
Zip Code 78741
$/sqft $267/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,152.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222339243
List Date March 12, 2026
Elementary School Linder
Middle School Lively
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
2002 Glen Allen St #104
Glen Allen Condos
$599,900 $323 2 bd / 3 ba 1,858 sqft , 2026-01-02
15016 Thatcher Dr
Davis Spring
$599,900 $241 3 bd / 3 ba 2,492 sqft , 2026-03-20
11203 Andenwood Dr
Canyon Creek Sec 01
$599,900 $259 4 bd / 3 ba 2,318 sqft , 2026-02-09
3907 Skipton Dr
Milwood Sec 04
$599,900 $369 4 bd / 2 ba 1,627 sqft , 2026-05-07
5002 E Pecan Springs Rd #7
Lofts at St Stephens Condos
$599,900 $274 4 bd / 4 ba 2,191 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
$2,880/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
$119,980
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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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