Active Listing  ·  73 days on market

4906 Westfield Dr

Austin, TX 78731
$525,000
3 Bed 2 Bath 1,550 sqft $339/sqft Built 1953 0.23 acres Pool Highland Village Sec 02 Pt 02

Very large, level lot featuring mature trees and established landscaping, offering 9,215 square feet per survey (.233 acres). Also see ML #3669347. The existing single-story 1950s home includes 3 bedrooms, 1.5 baths, a spacious 24' x 15' bonus room (per Seller), and a detached workshop/outbuilding connected to the home by a covered breezeway. Additional highlights include utility space in the half bath, laminate flooring and countertops, built-in storage, and a generous deck with a private courtyard-style setting between the structures. Located in the highly desirable Highland Park neighborhood — an area experiencing exciting revitalization — this property offers exceptional value and a prime central Austin location near downtown, shopping, hospitals, major employers, The Domain, and The Arboretum. The level lot presents outstanding potential for a major renovation or new construction, with the possibility for multiple residential units. Property is being sold “AS IS.” Whether for redevelopment, investment, or restoration, this property offers remarkable opportunity in one of Austin’s most convenient locations. Buyers are encouraged to conduct their own due diligence.

At $339/sqft, this home is 13% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4906 Westfield Dr, Austin, TX 78731

Property Details

Price $525,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,550 sqft
Lot Size 0.23 acres (10,149.48 sqft)
Year Built 1953
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Village Sec 02 Pt 02
County Travis
Zip Code 78731
$/sqft $339/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,535.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219627085
List Date May 23, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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
6205 Hylawn Dr
Cherrylawn Sec 5
$525,000 $265 4 bd / 3 ba 1,984 sqft , 2026-03-24
604 Springdale Rd
Pipkin Add 02
$525,000 $410 3 bd / 2 ba 1,282 sqft , 2026-04-07
8208 Stillwood Ln
Northtowne Sec 01
$525,000 $383 3 bd / 2 ba 1,372 sqft , 2026-02-28
1701 Simond Ave #206
Parkside/Mueller Condos
$525,000 $452 2 bd / 2 ba 1,162 sqft , 2025-10-03
12710 Poquoson Dr
Northwood 03
$525,000 $318 3 bd / 2 ba 1,651 sqft , 2026-04-23

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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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