Active Listing  ·  3 days on market

511 Arbor Ln

Austin, TX 78745
$415,000
3 Bed 1 Bath 1,062 sqft $391/sqft Built 1967 0.16 acres 1-Car Garage Pool Community Fairview Sec 01

511 Arbor Lane offers something increasingly special: an updated, approachable home with real outdoor space, convenient access to downtown, and a neighborhood that still carries its own rhythm. It feels relaxed and thoughtfully updated, connected to the city while still holding onto its neighborhood character.

Inside, 1,062 square feet feels open and connected. The 3-bedroom, 1-bath layout is grounded by warm wood-look flooring, recessed lighting and generous windows that bring the outdoors in. The kitchen gives the home its personality: deep charcoal cabinetry, brass-toned hardware, stone counters, stainless appliances, a farmhouse sink and patterned tile backsplash create a space that feels polished yet easy to live in. Cook dinner while friends settle around the table, then slide open the doors and let the evening move outside.

The expansive fenced backyard is framed by mature trees, with broad lawn space and a patio tucked beside the house. There’s room for a garden, a hammock under the trees, weekend cookouts or simply a morning coffee. Pick up coffee at Fortune Teller or Merfolk’s, head toward the trails for an afternoon outside, or make your way downtown when the city calls. The Little Darlin’, Southpark Meadows and the Menchaca/Stassney corridors put local hangouts, shopping and everyday essentials within easy reach.

At $391/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,455 active listings. View Austin market report →

Location

511 Arbor Ln, Austin, TX 78745

Property Details

Price $415,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,062 sqft
Lot Size 0.16 acres (6,856.34 sqft)
Year Built 1967
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Community Fairview Sec 01
County Travis
Zip Code 78745
$/sqft $391/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246433408
List Date October 5, 2026
Elementary School Pleasant Hill
Middle School Covington
High School Crockett
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
504 Heartwood Dr
Community Fairview Sec 02
$419,000 $309 3 bd / 2 ba 1,358 sqft , 2026-03-19
4901 Richmond Ave #B
None
$420,000 $583 2 bd / 1 ba 720 sqft , 2026-04-13
6100 Boxcar Run
Southwest Park Sec 02 Amd
$420,000 $345 3 bd / 2 ba 1,217 sqft , 2026-10-01
1213 Dunstan Dr
Southwest Park
$425,000 $352 3 bd / 2 ba 1,208 sqft , 2026-07-25
401 N Bluff Dr #10101
Cannon West
$425,000 $316 2 bd / 3 ba 1,343 sqft , 2026-07-30

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
$1,992/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
$83,000
20% conventional investment loan

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

Estimated Gross Rent+$1,992
Principal + Interest−$2,265
Property Tax (~2.1% TX avg)−$726
Insurance (~0.5%)−$173
Est. Monthly Cash Flow $-1,172

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 6, 2026.

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