Active Listing  ·  99 days on market

4711 Bandera Rd

Austin, TX 78721
$464,900
3 Bed 1 Bath 960 sqft $484/sqft Built 1960 0.13 acres Pool Oak Lawn Sec 01

New price improvement on Bandera! Take advantage of up to $15,000 in seller incentives. This incentive is strictly contingent upon the seller receiving a clean, full-price offer and is subject to lender approval and maximum contribution limits.

Discover the endless possibilities of this beautifully renovated property, nestled on a generous lot that invites you to explore Austin’s Home Initiative Phases 1 and 2. The home has been thoughtfully updated with new features that include but are not limited to a new HVAC system, foam spray insulation, updated kitchen appliances, modern plumbing fixtures, new water heater, and new windows offering comfort and peace of mind as you make it your own.

While the potential here is truly exciting, we encourage you to embark on your own journey of discovery. Conducting your due diligence will only deepen your appreciation for the unique opportunities this property presents. Plus, with the streets recently paved in a fresh black finish, the neighborhood’s charm is elevated, perfectly complementing the home’s sleek black and white design.

At $484/sqft, this home is priced 23% 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

4711 Bandera Rd, Austin, TX 78721

Property Details

Price $464,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 960 sqft
Lot Size 0.13 acres (5,767.34 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Lawn Sec 01
County Travis
Zip Code 78721
$/sqft $484/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,036.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229395647
List Date May 16, 2026
Elementary School Norman-Sims
Middle School Kealing
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.

Schedule a Call →

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 · May 16, 2026 $475,000
Current ask $464,900
Reduced $10,100 (-2.1%) 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
1803 Perez St
Chernosky 10
$474,000 $616 2 bd / 1 ba 770 sqft , 2026-07-08
1816 Adina St #2
Flournoy & Jones 04 Sec 01
$452,369 $423 2 bd / 3 ba 1,070 sqft , 2026-05-15
4710 Russet Hill Dr
Springdale Hills Sec 02
$480,000 $378 3 bd / 2 ba 1,270 sqft , 2026-07-10
1719 Meander Dr
Oak Lawn Sec 02
$449,500 $450 3 bd / 1 ba 1,000 sqft , 2026-02-07
1123 Omega Ave #1
Omega Condos
$449,000 $468 2 bd / 3 ba 960 sqft , 2026-07-23

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
$2,232/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
$92,980
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,537
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,313

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 31, 2026.

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