Active Listing  ·  11 days on market

4601 Hank Ave #1

Austin, TX 78745
$699,900
3 Bed 3 Bath 1,736 sqft $403/sqft Built 2025 0.08 acres 1-Car Garage Pool New Construction Forest Oaks

A rare opportunity to own a 3 bedroom, 2.5 bath standalone residence in one of South Austin's most desirable, walkable neighborhoods, this thoughtfully designed home offers the quality, efficiency, and peace of mind of new construction at a value that's becoming increasingly rare. Enjoy the privacy of having no shared walls, a private fenced yard, and no HOA fees- just minutes from downtown!

The home presents thoughtful craftsmanship, high-end finishes, and energy-efficiency throughout with every detail carefully considered to create a home that's as cozy as it is beautiful.

The open-concept main level is ideal for all occasions, anchored by an upgraded kitchen featuring custom cabinetry, a 36in gas range, top appliances, full-height designer tile backsplash, island outlets, and ample storage.

Upgraded luxury vinyl plank flooring extends throughout, while a hidden door conceals the low-voltage panel with Cat6 conduit for entertainment & smart home connectivity. A dual-fuel laundry setup is suited for either a gas or electric dryer.

Upstairs, the spacious primary suite offers a window bench, built-in closet dresser, walk-in closet, and an en suite bathroom with a floating vanity, walk-in shower, and lighted medicine cabinet. Two additional bedrooms share a stylish full bathroom, and a convenient powder bath on the main level.

Built for comfort and efficiency, the home has a Navien tankless water heater, upgraded high-efficiency HVAC system, spray foam and high-R-value insulation, energy-efficient windows, and sound insulation in select walls and subfloors.

Enjoy the fully fenced yard with a composite deck, upgraded landscaping with irrigation, and gas plumbing in place for an outdoor grill. Deck lighting and dusk-to-dawn porch lighting elevates the outdoor living experience. A private carport with dedicated and tandem parking is equipped with EV wiring, a commercial-grade retractable shade, motion lighting, and more electrical for security cameras.

At $403/sqft, this home is priced 3% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4601 Hank Ave #1, Austin, TX 78745

Property Details

Price $699,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,736 sqft
Lot Size 0.08 acres (3,698.24 sqft)
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Forest Oaks
County Travis
Zip Code 78745
$/sqft $403/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,644.48
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241765543
List Date August 13, 2026
Elementary School Joslin
Middle School Bedichek
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.

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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
4404 Mount Vernon Dr #B
Hilltop Add
$699,900 $370 3 bd / 3 ba 1,892 sqft , 2026-07-14
5100 Plumas Ln
Southern Oaks Sec 04
$700,000 $307 3 bd / 2 ba 2,283 sqft , 2026-08-21
4101 Menchaca Rd #104
4101 Menchaca
$699,000 $406 3 bd / 4 ba 1,723 sqft , 2026-07-14
2111 Prather Ln #1
Greystone/Prather Condos
$699,000 $481 2 bd / 3 ba 1,452 sqft , 2026-07-17
3505 Villa Ct #11
Villa Court
$720,000 $390 3 bd / 3 ba 1,845 sqft , 2026-06-05

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
$3,360/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
$139,980
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 August 16, 2026.

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