Active Listing  ·  74 days on market

3814 Ridgelea Dr #A

Austin, TX 78731
$875,000
3 Bed 3 Bath 2,000 sqft $438/sqft Built 2006 0.10 acres 2-Car Garage Pool Ridgelea Court

PRE-INSPECTED for your peace of mind. True lock-and-leave lifestyle in the heart of Central Austin, this beautifully updated 3-bedroom, 2.5-bath townhome offers a rare combination of privacy, outdoor space, and an unbeatable location in the highly sought-after Ridgelea neighborhood.

Unlike many townhomes, this residence features **no shared living space walls**, creating the feel and privacy of a single-family home. Nestled within an intimate 4-unit community on a quiet, tree-lined street, the property has a yard space overlooking the charming Ridgelea neighborhood and includes a private yard plus a gated dog run.

Inside, you'll find an open-concept floor plan with high ceilings, abundant natural light, hardwood floors, plantation shutters, and a cozy fireplace. Recent updates include fresh interior paint, custom kitchen cabinetry, designer tile backsplash, quartz countertops, stainless steel appliances, and exceptional storage. The spacious primary suite features a spa-like bath with dual vanities and a jetted soaking tub. All bedrooms offer walk-in closets, while the upstairs loft/flex space is ideal for a home office, media room, gym, or second living area. $40K in upgrades, paint, remodeling of kitchen and bathrooms. Additional features include updated bathrooms, fresh interior paint, a newer roof, attached two-car garage, Google Fiber, and security system. Enjoy direct access to the Shoal Creek Hike & Bike Trail leading to Downtown Austin, plus nearby greenbelts, parks, and The Grove. Just minutes from Downtown, UT, Central Market, major medical centers, shopping, dining, and entertainment.

Zoned to acclaimed Bryker Woods Elem, O. Henry MS, and Austin High School. This vibrant neighborhood is known for its strong sense of community, including holiday celebrations, parades, movies in the park, and more.

Rarely does a move-in-ready Central Austin home offer this level of privacy, outdoor living, storage, and modern updates in such a prime location.

At $438/sqft, this home is priced 12% 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

3814 Ridgelea Dr #A, Austin, TX 78731

Property Details

Price $875,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,000 sqft
Lot Size 0.10 acres (4,399.56 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Ridgelea Court
County Travis
Zip Code 78731
$/sqft $438/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $14,642.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230030334
List Date May 22, 2026
Elementary School Bryker Woods
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.

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
7705 Shelton Rd
Burleson
$875,000 $518 3 bd / 2 ba 1,689 sqft , 2026-01-08
3905 Vantage Dr
The Grove
$875,000 $408 4 bd / 4 ba 2,144 sqft , 2026-03-03
3500 Harmon Ave #7
Austin Modern Lofts Condos
$875,000 $429 3 bd / 4 ba 2,040 sqft , 2026-04-30
603 Anfield Cir
Lakeway Highlands Ph 2 Sec 3
$875,000 $330 4 bd / 3 ba 2,648 sqft , 2026-05-04
302 Ben Howell Dr
Live Oak Grove Addn
$875,000 $662 3 bd / 2 ba 1,322 sqft , 2026-06-23

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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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