Active Listing  ·  20 days on market

503 S Park Dr

Austin, TX 78704
$1,100,000
3 Bed 3 Bath 1,640 sqft $671/sqft Built 2023 0.27 acres Pool SOUTH PARK SEC 2

INCREDIBLE BUYER INCENTIVES: $17,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $17,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC.

Experience elevated South Austin living at 503 S Park Dr. Located in 78704 near St. Edward’s University, this luxury property features a 3-bedroom, 2-bath main home plus an ADU with a half bath at the back of the property. The additional space offers flexibility for a home office, creative studio, or other needs. With sophisticated appeal and the distinctive character of its South Austin surroundings, this home offers an inviting retreat close to the area’s dining, shopping, and entertainment. Included 100-Day Home Warranty with buyer activation

At $671/sqft, this home is priced 72% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

503 S Park Dr, Austin, TX 78704

Property Details

Price $1,100,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,640 sqft
Lot Size 0.27 acres (11,704.57 sqft)
Year Built 2023
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision SOUTH PARK SEC 2
County Travis
Zip Code 78704
$/sqft $671/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,478.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250702035
List Date October 23, 2026
Elementary School Dawson
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Dawson · Lively · Travis

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.

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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 · October 23, 2026 $1,120,000
Current ask $1,100,000
▼ Reduced $20,000 (-1.8%) 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
2301 S 5th St #5
South 05 Amd
$1,090,000 $529 3 bd / 4 ba 2,060 sqft , 2026-06-22
2501 Del Curto Rd
Delcrest Add Sec 02
$1,145,000 $523 3 bd / 2 ba 2,188 sqft , 2026-10-05
1711 Eva St
Swisher Add
$1,150,000 $821 2 bd / 3 ba 1,400 sqft , 2026-05-29
2308 S 2nd St #2
Loma Linda
$1,025,000 $527 3 bd / 3 ba 1,946 sqft , 2026-05-19
2404 Euclid Ave #1
La Prelle Place Ext
$1,025,000 $678 3 bd / 4 ba 1,512 sqft , 2026-10-29

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
$5,280/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
$220,000
20% conventional investment loan

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

Estimated Gross Rent+$5,280
Principal + Interest−$6,003
Property Tax (assumed ~2.1%)−$1,925
Insurance (assumed ~0.5%)−$458
Est. Monthly Cash Flow $-3,106

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 · 41 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. The written content was last updated on November 12, 2026.

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

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