About This Home

Welcome to this beautiful South Austin charmer, where thoughtful design is showcased throughout in an unbeatable location! Completely remodeled, this home is filled with natural light and features a bright, open concept layout. Carefully selected details give the home a fresh, elevated feel while maintaining its inviting Austin charm. Ideally situated in sought-after South Austin with convenient access to dining, shopping, entertainment, and everything that makes Austin living so special!

At $396/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,484 active listings. View Austin market report →

Location

4608 Velasco Pl, Austin, TX 78749

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Property Details

Price $599,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,513 sqft

Lot Size 0.13 acres (5,780.41 sqft)

Year Built 1986

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Maple Run Sec 07-B

County Travis

Zip Code 78749

$/sqft $396/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,820.43

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245245562

List Date September 3, 2026

Elementary School Boone

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 3, 2026 $619,900

Current ask $599,900

▼ Reduced $20,000 (-3.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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

3917 Leafield Dr
Woodstone Village Sec 04 $579,000 $420 3 bd / 2 ba 1,379 sqft , 2026-09-15

8921 Corran Ferry Dr
Sendera Sec 16 $575,000 $296 4 bd / 3 ba 1,945 sqft , 2026-05-14

7205 Beckett Rd
Smiths J W Western Oaks 02-B $575,000 $361 4 bd / 2 ba 1,591 sqft , 2026-06-23

3709 Counselor Dr
MAPLE RUN SEC 2-A $575,000 $325 3 bd / 3 ba 1,768 sqft , 2026-08-14

8406 Los Ranchos Dr
Maple Run Sec 05-A $629,000 $365 3 bd / 2 ba 1,725 sqft , 2026-08-06

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

About the Author

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 7, 2026.

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

4608 Velasco Pl