Active Listing  ·  102 days on market

4904 Enchanted Ln

Austin, TX 78745
$649,947
3 Bed 2 Bath 1,400 sqft $464/sqft Built 1959 0.18 acres 2-Car Garage Pool Park Forest Sec 2

Experience the perfect blend of mid-century charm and modern updates at 4904 Enchanted Ln in the desirable Park Forest neighborhood of 78745. This beautifully updated single-story home offers the authentic South Austin lifestyle, just minutes from Westgate, Central Market, El Alma South, Sap’s Fine Thai, Pinthouse Pizza, Radio Coffee & Beer, South Lamar, SoLa, South Congress, parks, trails, local shopping and dining, and The 04 Center for experiencing Austin’s vibrant live music scene.

Inside, vaulted ceilings, multiple living areas, abundant natural light, and a carpet-free interior create a warm, open, and flexible layout. The renovated kitchen features gas cooking, generous counter space, sleek cabinetry, modern fixtures, and ample storage, ideal for everyday living and entertaining. Updated bathrooms offer clean, contemporary finishes, while long-plank ceramic tile flooring with a wood-look adds warmth and durability throughout. The primary bedroom and en-suite are conveniently located on the main level. A rare attached one-car garage provides secure parking, storage, and workspace flexibility.

The large backyard is a standout feature with endless possibilities. Whether you envision a pool, ADU (buyer to verify), garden, or outdoor entertaining space, this oversized yard offers room to create your ideal retreat.

Major updates include PVC plumbing and electrical service brought to current code with an upgraded masthead and new panel.

Located minutes from SoLa, South Congress, Auditorium Shores, Ben White, Mopac, and Downtown Austin, this home combines classic character with modern convenience. No HOA and excellent access to Austin’s top dining, entertainment, parks, employers, and live music venues make this an exceptional opportunity in South Austin.

At $464/sqft, this home is priced 19% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4904 Enchanted Ln, Austin, TX 78745

Property Details

Price $649,947
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,400 sqft
Lot Size 0.18 acres (7,980.19 sqft)
Year Built 1959
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Park Forest Sec 2
County Travis
Zip Code 78745
$/sqft $464/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,210.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227529935
List Date April 24, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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
8102 Shadowood Dr
Allandale North Sec 03
$649,900 $354 3 bd / 2 ba 1,835 sqft , 2025-06-11
2306 Standish Dr
Cherry Creek 03
$649,900 $403 3 bd / 2 ba 1,614 sqft , 2026-06-01
511 South Park Dr #2
Dawson
$649,900 $488 2 bd / 3 ba 1,332 sqft , 2026-07-14
205 Woodward St
Woodward Indust District
$649,900 $406 3 bd / 3 ba 1,599 sqft , 2026-07-16
3304 E 17th St #B
McKinley Heights Terrace
$649,900 $367 3 bd / 3 ba 1,772 sqft , 2026-07-30

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
$3,120/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
$129,989
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,137
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,835

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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