Active Listing  ·  328 days on market

3501 Pecan Springs Rd

Austin, TX 78723
$799,000
2 Bed 1 Bath 1,194 sqft $669/sqft Built 1950 0.59 acres 1-Car Garage Pool Marlo Heights Sec 01

Welcome to a rare, half-acre urban oasis offering the perfect blend of lifestyle, location, and limitless potential. Whether you're a developer, investor, or homeowner dreaming of a self-sustaining compound, this property delivers a one-of-a-kind opportunity in one of Austin’s most rapidly appreciating neighborhoods.

Tucked between Mueller’s master-planned community and Morris Williams Golf Course, this expansive 25,555 sqft lot spans street-to-street from Pecan Springs to Touchstone, providing multiple access points and unmatched flexibility. Zoned and ready to be subdivided into three generous 8,518 sqft lots, this property is already primed for a high-yield nine-home development thanks to updated land-use laws—making it a developer’s dream.

The fully remodeled 1 bed, 1 bath residence is move-in ready with all the modern upgrades: new roof, plumbing, electrical, HVAC, spray foam insulation, tile, flooring, and custom cabinetry. With a simple layout adjustment, it can easily be converted into a 2-bedroom home. Whether you choose to live, lease, or leverage it as part of a future multi-home plan, the possibilities are endless.

At the rear of the property, a massive barn opens the door to even more options—convert it into a short-term rental (STR), yoga studio, artist loft, music production space, or creative office. The barn showcases the site's incredible versatility and income-producing potential.

Love the idea of farm-to-table living in the city? This compound has space for your own chicken coop, raised garden beds, and more—offering a true urban homestead experience with all the perks of city living: quick access to Austin-Bergstrom Airport, Mueller’s shopping and dining, hike & bike trails, and downtown just minutes away.

Don't miss this exceptional opportunity to own, develop, and profit from one of East Austin’s most flexible and desirable parcels. These properties are increasingly rare—schedule a showing today to explore the full potential.

At $669/sqft, this home is priced 71% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3501 Pecan Springs Rd, Austin, TX 78723

Property Details

Price $799,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,194 sqft
Lot Size 0.59 acres (25,600.21 sqft)
Year Built 1950
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Marlo Heights Sec 01
County Travis
Zip Code 78723
$/sqft $669/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,896.24
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT204504779
List Date September 10, 2025
Elementary School Blanton
Middle School Lamar (Austin ISD)
High School Northeast Early College
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
2612 Little John Ln
Sherwood Oaks Sec 03
$799,000 $603 3 bd / 2 ba 1,326 sqft , 2026-03-10
360 Nueces St #2302
Residential Condo Amd 360
$799,000 $754 2 bd / 2 ba 1,059 sqft , 2026-05-07
301 West Ave #2105
Independent Condos
$799,000 $798 1 bd / 1 ba 1,001 sqft , 2026-04-08
300 Bowie St #2301
Spring Condo Amd
$799,000 $770 2 bd / 2 ba 1,038 sqft , 2026-07-15
4907 Harmon Ave
Ridgetop
$799,999 $758 3 bd / 1 ba 1,055 sqft , 2024-07-02

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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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