Active Listing  ·  0 days on market

3308 Rockhurst Ln

Austin, TX 78723
$550,000
4 Bed 2 Bath 1,616 sqft $340/sqft Built 1967 0.18 acres Pool Riverbend Sec 3C At University

$7,000 BUYER INCENTIVE! Seller offering up to $7,000 toward buyer closing costs, rate buy-down, or other allowable buyer expenses with an acceptable offer.

Discover this beautifully renovated 4-bedroom, 2-bath home in the desirable University Hills neighborhood, just minutes from Mueller’s popular parks, shopping, dining, and entertainment. Offering a wonderful blend of modern updates and Central Austin convenience, this home has been thoughtfully refreshed inside and out.

The beautifully updated kitchen features new cabinetry, countertops, stainless steel appliances, tile backsplash, new sink and faucet, and updated lighting. Both bathrooms have been refreshed with new vanities, countertops, tile surrounds, mirrors, plumbing fixtures, and lighting. New luxury laminate flooring, fresh interior paint, smooth wall texture, new interior doors and hardware, recessed lighting, chandeliers, and ceiling fans complete the updated interior.

Additional improvements include a new water heater, new dual-pane windows, updated electrical fixtures and outlets, and fresh exterior paint. Outside, enjoy a spacious yard with new fencing, new sod and landscaping, a front and back sprinkler system, and a convenient backyard storage shed.

With extensive updates and a prime University Hills location close to Mueller, Downtown Austin, shopping, dining, and entertainment, this move-in-ready home is a must-see!

At $340/sqft, this home is 13% 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

3308 Rockhurst Ln, Austin, TX 78723

Property Details

Price $550,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,616 sqft
Lot Size 0.18 acres (7,784.17 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Riverbend Sec 3C At University
County Travis
Zip Code 78723
$/sqft $340/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,920.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250256625
List Date October 23, 2026
Elementary School Winn
Middle School Bertha Sadler Means
High School Liberal Arts and Science Academy (LASA)
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
7302 Meadowood Dr
Vintage Hills
$550,000 $341 3 bd / 2 ba 1,613 sqft , 2026-10-16
7007 Fred Morse Dr
Vintage Hills
$549,000 $268 4 bd / 3 ba 2,048 sqft , 2026-07-28
7004 Fred Morse Dr
Vintage Hills Sec 02
$545,000 $376 3 bd / 2 ba 1,450 sqft , 2026-10-14
2927 Norwood hill St
Windsor
$536,000 $410 3 bd / 2 ba 1,308 sqft , 2026-10-17
6904 Langston Dr
Riverbend Sec 1 At University Hills
$530,000 $289 3 bd / 3 ba 1,832 sqft , 2026-09-08

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 October 23, 2026.

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