Active Listing  ·  264 days on market

506 Powell Cir

Austin, TX 78704
$1,699,000
3 Bed 4 Bath 2,432 sqft $699/sqft Built 2020 0.15 acres Pool South Park Sec 01

Turn key investment opportunity in the heart of Austin! Turn key investment opportunity in the heart of Austin! Home is leased through December 2027 to tenants - providing immediate and reliable income from day one. This modern 3-bed, 4-bath home blends contemporary design, functionality, and comfort just minutes from downtown, dining, and entertainment. Inside, you’ll find an open floor plan with high ceilings, large windows, and designer finishes that create a bright, inviting atmosphere. The kitchen features sleek cabinetry, stainless steel appliances, and a large island connecting seamlessly to the living and dining spaces—perfect for entertaining or relaxed daily living. Each bedroom includes its own bath, offering privacy and convenience for residents or guests. The home’s outdoor spaces elevate the lifestyle even further, with a private backyard retreat featuring a sparkling pool, spacious deck, and shaded sitting area under mature trees. A covered carport provides convenient parking and ties into the home’s clean, modern curb appeal. With its prime location near downtown Austin and stable long-term lease already secured, this property offers both immediate returns and long-term growth potential—a turnkey investment opportunity that’s ready to perform.

At $699/sqft, this home is priced 79% 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

506 Powell Cir, Austin, TX 78704

Property Details

Price $1,699,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,432 sqft
Lot Size 0.15 acres (6,708.24 sqft)
Year Built 2020
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision South Park Sec 01
County Travis
Zip Code 78704
$/sqft $699/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,435
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211202415
List Date November 13, 2025
Elementary School Dawson
Middle School Lively
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.

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
3305 Skylark Dr
Allandale Park Sec 04
$1,699,000 $627 4 bd / 3 ba 2,708 sqft , 2026-05-01
501 West Ave #2404
Fifth & West Residences
$1,699,900 $846 3 bd / 3 ba 2,009 sqft , 2026-05-28
70 Rainey St #2201
70 Rainey Condominiums
$1,695,000 $999 2 bd / 2 ba 1,697 sqft , 2026-04-21
4513 Hank Ave
Forest Oaks
$1,695,000 $549 4 bd / 4 ba 3,086 sqft , 2026-06-25
501 West Ave #1604
Fifth & West Residences
$1,685,000 $839 3 bd / 3 ba 2,009 sqft , 2026-06-19

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
$8,155/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
$339,800
20% conventional investment loan

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

Estimated Gross Rent+$8,155
Principal + Interest−$9,272
Property Tax (~2.1% TX avg)−$2,973
Insurance (~0.5%)−$708
Est. Monthly Cash Flow $-4,798

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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