Active Listing  ·  224 days on market

4709 Mount Vernon Dr

Austin, TX 78745
$594,992
3 Bed 2 Bath 1,649 sqft $361/sqft Built 1968 0.18 acres Pool Greenwood Forest Sec 02

Mid-Century Modern meets Danish design in this beautifully expanded home! Extensively renovated with high-end finishes, timeless architecture, and modern luxury, this one-of-a-kind residence is ideally located in the heart of South Austin's coveted "'04" lifestyle, just minutes from the Westgate/Central Market corridor and the vibrant SoLa district. Enjoy easy access to El Alma South, Sap's Fine Thai, Pinthouse Pizza, Radio Coffee & Beer, South Lamar favorites, Menchaca entertainment, Garrison Park, Sunset Valley trails, plus shopping, dining, parks, and outdoor recreation.

Inside, vaulted ceilings, abundant natural light, solid hardwood flooring, and Carrera marble accents create a warm, sophisticated atmosphere. The gourmet kitchen features premium appliances, sleek cabinetry, and generous workspace for everyday living and entertaining. The private 3-bedroom, 2-bath MIL floor plan offers exceptional separation with a spacious primary suite featuring an oversized walk-in shower and spa-inspired finishes.

High-performance windows provide exceptional energy efficiency and impressive noise reduction, while a custom mural by acclaimed Austin artist Jason Eatherly adds a distinctive touch of local character.

Situated on a rare 7,880 sq. ft. lot, the backyard offers room for gardens, entertaining, or your own private retreat. Beyond the designer finishes, buyers will appreciate major infrastructure upgrades rarely found in homes of this era, including updated electrical, no aluminum wiring, and no cast-iron plumbing, offering lasting peace of mind. Potential owner financing is available.

With quick access to SoLa, Ben White, Mopac, Downtown Austin, and Austin's best restaurants, coffee shops, entertainment, parks, and trails, this home perfectly blends iconic mid-century architecture, luxury renovation, and the authentic South Austin lifestyle. No HOA completes this exceptional opportunity.

At $361/sqft, this home is 8% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4709 Mount Vernon Dr, Austin, TX 78745

Property Details

Price $594,992
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,649 sqft
Lot Size 0.18 acres (7,884.36 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Forest Sec 02
County Travis
Zip Code 78745
$/sqft $361/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216036594
List Date January 12, 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.

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
4702 Lasso Path
Western Trails Sec 01
$599,000 $291 3 bd / 2 ba 2,061 sqft , 2026-04-02
5400 Salem Hill Dr
Salem Walk Sec 02
$599,000 $319 4 bd / 3 ba 1,880 sqft , 2026-06-11
4200 Valley View Rd #B
Valley View Condos
$599,000 $364 3 bd / 3 ba 1,644 sqft , 2026-07-09
4400 Mount Vernon Dr #B
Hilltop Add
$590,000 $375 3 bd / 3 ba 1,574 sqft , 2026-08-19
411 W St Elmo Rd #24
Brookside Villas Condo Amd
$589,999 $331 3 bd / 3 ba 1,785 sqft , 2026-03-29

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
$2,856/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
$118,998
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (~2.1% TX avg)−$1,041
Insurance (~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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 July 19, 2026.

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