Active Listing  ·  23 days on market

509 Kingfisher Creek Dr

Austin, TX 78748
$595,000
5 Bed 2 Bath 2,052 sqft $290/sqft Built 1992 0.35 acres 2-Car Garage Pool Texas Oaks 10

Fully renovated this move-in-ready, single-story ranch home offers 5 bedrooms, 2 full baths, & more than $128k in improvements. Interior HVAC Furnace just installed 8/19/2026. Property went on Hold for new installation w/5 yr warranty. Situated on a rare oversized lot backing to a private greenbelt in the desirable TX Oaks community of South Austin, the property blends classic Central Texas limestone & brick architecture w/ refined modern finishes.The open-concept floor plan is filled w/natural light & designed for comfortable everyday living & entertaining. A spacious living area flows seamlessly into the dining space & renovated kitchen, featuring custom cabinetry, stainless steel appliances, porcelain sinks, modern fixtures, & abundant storage.Extensive updates include luxury flooring, custom kitchen & bathroom cabinetry, fresh interior paint Sherwin-Williams Drift of Mist, ext paint, designer lighting, Nordic-style ceiling fans, 5 inch baseboards, sliding closet doors, updated fixtures, & a new garage door opener. Every closet has been upgraded w/ custom shelving to maximize organization & storage.

Outside, expansive backyard offers mature shade trees, updated wood fencing, quality gutters, lush St. Augustine grass, & greenbelt views w/no immediate rear neighbor. The large detached shed provides space for a workshop, art studio, gym, or additional storage. Side yard fence designed for boat or camper. A spacious covered back porch creates an inviting setting for outdoor dining & entertaining.Ideally positioned on a north-south-facing, this beautifully updated S. Austin home combines timeless ranch-style architecture, an exceptionally functional single-level layout, & a private oversized yard. An exceptional opportunity for buyers seeking space, privacy, & a fully renovated home near South Austin shopping, dining, parks, & major commuter routes. List of improvements available. Buyer will need to get their own survey. Home is ready for immediate move in.

At $290/sqft, this home is 26% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

509 Kingfisher Creek Dr, Austin, TX 78748

Property Details

Price $595,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 2,052 sqft
Lot Size 0.35 acres (15,463.8 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Texas Oaks 10
County Travis
Zip Code 78748
$/sqft $290/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,374.5
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242031748
List Date August 1, 2026
Elementary School Casey
Middle School Paredes
High School Akins
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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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
305 Hogg Pecan Pass
Oak At Twin Creeks Sec 04 The
$569,000 $206 4 bd / 3 ba 2,758 sqft , 2026-07-24
329 Island Oak Dr
Oak At Twin Creeks Sec 02 The
$499,995 $198 4 bd / 3 ba 2,526 sqft , 2026-05-29

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
$2,856/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
$119,000
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (~2.1% TX avg)−$1,041
Insurance (~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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 August 23, 2026.

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