Active Listing  ·  21 days on market

5006 Pecan Springs Rd #7

Austin, TX 78723
$585,000
3 Bed 4 Bath 2,191 sqft $267/sqft Built 2016 0.08 acres 2-Car Garage Pool Lofts/St Stephens Condos

Modern three-story living just minutes from sought-after Mueller! This stylish, light-filled residence offers an airy, contemporary layout with seamless access to top-tier dining, shopping, parks, downtown, and the airport. This home comes to you meticulously maintained, including a new roof!

The main level showcases a bright, open floor plan designed for entertaining, anchored by a sleek gas fireplace while custom made Hunter Douglas window treatments add a designer touch to the living spaces. Two distinct living areas transition smoothly to an expansive, wood-planked outdoor terrace. Enjoy the ultimate indoor-outdoor lifestyle with dual zones: an open-air deck perfect for grilling (with your complimentary Weber grill) alongside a screened outdoor lounge for shaded, bug-free relaxation. The gourmet kitchen features stainless steel appliances, a built-in gas range, and an oversized statement island with breakfast bar seating.

The third level serves as private quarters, featuring an owner’s retreat complete with a spa-inspired ensuite—offering dual vanities, a deep soaking tub, separate walk-in shower, and an expansive closet. Both the primary and the additional guest bedroom open onto a second private terrace, providing a quiet elevated perch to unwind at the end of the day.

On the ground floor, you’ll find a fully private efficiency apartment complete with its own entrance, full kitchen, and bath. It’s an incredibly versatile setup—ideal for guests, in-laws, a live-in nanny, or even generating extra income as a rental. Need it to be part of the main house instead? Connecting it to the upper floors is as simple as adding a single doorway.

A rare bonus for Texas buyers: all essential appliances stay with the home! The main house comes with the washer, dryer, and refrigerator, while the downstairs apartment includes its own fridge, freezer, and microwave. Thoughtfully designed and packed with value, this home is truly a standout.

At $267/sqft, this home is 32% 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

5006 Pecan Springs Rd #7, Austin, TX 78723

Property Details

Price $585,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,191 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Lofts/St Stephens Condos
County Travis
Zip Code 78723
$/sqft $267/sqft
Days on Market ,
HOA $150/Monthly
Annual Tax Est. $9,411
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245245141
List Date October 2, 2026
Elementary School Blanton
Middle School Lamar (Austin ISD)
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 →

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
5817 Sutherlin Rd
Enclave at Sutherlin
$589,900 $319 3 bd / 3 ba 1,847 sqft , 2026-10-21
2007 Lazy Brk
Brookside Estates
$575,000 $262 4 bd / 3 ba 2,196 sqft , 2026-10-23
1800 WEBBERVILLE Rd #B
Flournoys Eastern Hills
$574,990 $341 3 bd / 3 ba 1,685 sqft , 2026-05-14
5006 Pecan Springs Rd #3
Lofts at St Stephens
$597,500 $273 3 bd / 4 ba 2,191 sqft , 2026-06-26
5002 E Pecan Springs Rd #7
Lofts at St Stephens Condos
$599,900 $274 4 bd / 4 ba 2,191 sqft , 2026-05-08

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
$2,808/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
$117,000
20% conventional investment loan

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

Estimated Gross Rent+$2,808
Principal + Interest−$3,193
Property Tax (~2.1% TX avg)−$1,024
Insurance (~0.5%)−$244
Est. Monthly Cash Flow $-1,653

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 October 22, 2026.

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