Active Listing  ·  20 days on market

4617 Englewood Dr #2

Austin, TX 78745
$565,000
2 Bed 3 Bath 1,210 sqft $467/sqft Built 2023 0.17 acres Pool Greenwood Forest

Tucked privately behind a gated entrance in one of South Austin's most dynamic neighborhoods, this thoughtfully designed residence offers the perfect balance of modern architecture, natural light, and everyday livability. Just moments from the vibrant St. Elmo District, South Congress, Downtown Austin, and ABIA, the location places some of the city's best dining, entertainment, and conveniences within easy reach.

Designed by Homebound, this 2 bed, 2.5 bath home showcases clean architectural lines, soaring vaulted ceilings, expansive windows, and carefully curated finishes throughout. White oak flooring flows seamlessly across both levels, while skylights and oversized windows illuminate the interiors with exceptional natural light.

The open-concept living and dining spaces center on a striking kitchen featuring chic cabinetry, a waterfall island, stainless steel appliances, and generous workspace, creating a sophisticated yet functional setting. A large sliding glass door extends the living space outdoors to a fully fenced private backyard, offering room to relax, dine al fresco, or simply enjoy your own outdoor retreat. A powder bath and conveniently located laundry area complete the main level.

Upstairs, the primary suite is both warm and refined, highlighted by custom wood accent detailing, vaulted ceilings, expansive windows, and a spa-inspired ensuite bath with dual vanities, a beautifully tiled walk-in shower, and an overhead skylight that fills the space with natural light. The secondary bedroom also enjoys its own private ensuite bath with thoughtfully selected designer tile finishes, providing comfort and privacy for guests or family members.

Offering the privacy of a standalone home with exceptional access to St. Elmo, South Congress, Ben White, Downtown Austin, and the airport, this residence presents an outstanding opportunity to enjoy contemporary living in one of Austin's most sought-after urban neighborhoods.

At $467/sqft, this home is priced 19% 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

4617 Englewood Dr #2, Austin, TX 78745

Property Details

Price $565,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,210 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Forest
County Travis
Zip Code 78745
$/sqft $467/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241339015
List Date August 4, 2026
Elementary School St Elmo
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
4124 Valley View Rd #4A
Fortview Valley View Condomini
$565,000 $365 3 bd / 3 ba 1,548 sqft , 2026-07-03
4702 Everglade Dr
Park Forest Sec 01
$555,000 $375 3 bd / 2 ba 1,479 sqft , 2026-08-08
4120 Valley View Rd #B
4120 Valley View Condo
$550,000 $397 2 bd / 3 ba 1,385 sqft , 2026-05-28
4602 Frontier Trl
Western Trails Sec 02
$549,900 $353 3 bd / 2 ba 1,556 sqft , 2026-06-13
219 Lessin Ln #10A
Post Road
$549,000 $477 2 bd / 3 ba 1,152 sqft , 2026-04-08

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
$2,712/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
$113,000
20% conventional investment loan

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

Estimated Gross Rent+$2,712
Principal + Interest−$3,083
Property Tax (~2.1% TX avg)−$989
Insurance (~0.5%)−$235
Est. Monthly Cash Flow $-1,595

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 9, 2026.

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