Active Listing  ·  44 days on market

4710 Russet Hill Dr

Austin, TX 78723
$480,000
3 Bed 2 Bath 1,270 sqft $378/sqft Built 1967 0.24 acres Pool Springdale Hills Sec 02

Completely reimagined from the inside out, this one-story, 3-bedroom, 2-bathroom home in Springdale Hills offers the style and finishes of a luxury new build with the charm of an established Austin neighborhood. Major upgrades include a new roof, new windows, new plumbing, new electrical, new HVAC, and new insulation, providing modern comfort and peace of mind for years to come.

Inside, the open-concept floor plan is anchored by a dramatic dark olive green accent wall with custom vertical paneling and complemented by thoughtfully curated designer finishes throughout. The bright primary suite features a beautifully finished custom shower and standard closet, while the spa-inspired bathroom showcases sophisticated two-tone tile, matte black fixtures, and a rainfall showerhead. Outside, the private backyard is framed by mature trees, creating a peaceful retreat.

Ideally located just minutes from Downtown Austin, Mueller, and Austin-Bergstrom International Airport, you'll enjoy easy access to major employers, Morris Williams Golf Course, Mueller's parks and trails, local dining, shopping, and entertainment. Surrounded by exciting revitalization and luxury renovations, this turnkey home perfectly blends elevated design, exceptional convenience, and long-term investment potential in one of East Austin's most connected neighborhoods.

At $378/sqft, this home is 4% 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

4710 Russet Hill Dr, Austin, TX 78723

Property Details

Price $480,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,270 sqft
Lot Size 0.24 acres (10,323.72 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Springdale Hills Sec 02
County Travis
Zip Code 78723
$/sqft $378/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,538.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239393386
List Date July 10, 2026
Elementary School Pecan Springs
Middle School Martin
High School Northeast Early College
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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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 · July 10, 2026 $490,000
Current ask $480,000
Reduced $10,000 (-2.0%) 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
5215 Overbrook Dr
Manor Hills
$475,000 $321 4 bd / 2 ba 1,480 sqft , 2026-02-01
4711 Bandera Rd
Oak Lawn Sec 01
$464,900 $484 3 bd / 1 ba 960 sqft , 2026-05-16
1140 Webberville Rd #9
Ashton East Condominium Townhomes
$499,000 $424 2 bd / 3 ba 1,178 sqft , 2026-06-25
4801 SPRINGDALE Rd #2410
Gravity ATX
$459,000 $309 2 bd / 3 ba 1,485 sqft , 2026-01-08
4127 E 12th St #4
The Sexton at Springdale
$456,000 $303 3 bd / 3 ba 1,504 sqft , 2025-06-06

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (~2.1% TX avg)−$840
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 22, 2026.

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