Active Listing  ·  188 days on market

504 Heartwood Dr

Austin, TX 78745
$419,000
3 Bed 2 Bath 1,358 sqft $309/sqft Built 1967 0.17 acres 1-Car Garage Pool Community Fairview Sec 02

Updated single-story house in South Austin that backs to a greenbelt! Major improvements include cast iron plumbing replaced with PVC (2019), Pella windows (2022), and HVAC replaced (2023). Wood and tile flooring throughout — no carpet. Open floorplan connects the kitchen, dining, and living areas seamlessly. The kitchen features granite countertops, stainless steel appliances, induction cooktop, convection oven, bar seating, and built-in wine storage. Flexible second living area is perfect for a home office, playroom, or media room. Private primary suite with walk-in shower and large vanity. Enjoy the spacious covered patio, fully fenced backyard, and 10x10 shed with rubber flooring. Excellent South Austin location near St. David’s South, Williamson Creek Greenbelt trails, restaurants, shopping, and transit access.

At $309/sqft, this home is 21% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

504 Heartwood Dr, Austin, TX 78745

Property Details

Price $419,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,358 sqft
Lot Size 0.17 acres (7,623 sqft)
Year Built 1967
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Community Fairview Sec 02
County Travis
Zip Code 78745
$/sqft $309/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,765.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222926818
List Date March 19, 2026
Elementary School St Elmo
Middle School Mendez
High School Travis
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.

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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 · March 19, 2026 $450,000
Previous ask $442,000
Current ask $419,000
Reduced $31,000 (-6.9%) 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
5924 S Congress Ave #11S
Villages on Congress
$424,599 $264 3 bd / 4 ba 1,608 sqft , 2026-01-13
5409 Hunters Gln
Salem Walk Sec 02
$425,000 $295 3 bd / 2 ba 1,443 sqft , 2026-06-06
1402 Camelot Cir
Greenwood Forest Sec 02
$427,500 $444 3 bd / 1 ba 962 sqft , 2026-05-01
4510 Terry O Ln #344
The Station at St. Elmo
$429,900 $409 2 bd / 2 ba 1,052 sqft , 2026-08-28
509 Westmorland Dr
Greenwood Hills Sec 06
$432,500 $361 3 bd / 2 ba 1,199 sqft , 2026-07-03

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
$2,011/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
$83,800
20% conventional investment loan

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

Estimated Gross Rent+$2,011
Principal + Interest−$2,287
Property Tax (~2.1% TX avg)−$733
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,184

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 September 21, 2026.

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