Active Listing  ·  43 days on market

4907 W Market Dr

Austin, TX 78731
$699,000
3 Bed 1 Bath 1,278 sqft $547/sqft Built 1955 0.17 acres 1-Car Garage Pool Highland Village Sec 02 Pt 03

3 bedroom, 1 bathroom, 1 car garage. 1,278 sqft. One story. Lot size is 0.17 acre, per owner and public records. Fenced yard with a screened in back patio. Back yard has a pergola with a metal roof and power. I have a metal roof, Hardiboard siding a double pane windows. Inside has hardwood flooring throughout except for the bathroom which has limestone tile flooring. Bathroom also has a tongue-n-groove wood ceiling. Ceiling fans in Living Room, all 3 bedrooms, and back patio. House was originally built in 1955, Exterior is Hardiboard and seller is 3rd owner.

The property is 10 minutes from downtown.

The house is wired (and currently active) alarm system. Both front and back yards are xeroscaped.

At $547/sqft, this home is priced 40% 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

4907 W Market Dr, Austin, TX 78731

Property Details

Price $699,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,278 sqft
Lot Size 0.17 acres (7,518.46 sqft)
Year Built 1955
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Village Sec 02 Pt 03
County Travis
Zip Code 78731
$/sqft $547/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,523.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235524766
List Date June 22, 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
3204 Lyons Rd #1
Delzell Sec 02
$699,000 $474 3 bd / 3 ba 1,476 sqft , 2026-04-21
1708 Canterbury St #2
Riverside
$699,000 $635 2 bd / 3 ba 1,100 sqft , 2026-06-01
6805 Tulane Dr
University Hills Sec 03 Ph 01
$699,000 $426 4 bd / 2 ba 1,639 sqft , 2026-06-17
5214 Grover Ave
Walling Place
$699,000 $457 3 bd / 3 ba 1,531 sqft , 2026-06-17
360 Nueces St #1809
Residential Condo Amd 360
$699,000 $562 2 bd / 2 ba 1,244 sqft , 2026-06-26

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →