Active Listing  ·  31 days on market

5205 Wheeler Branch Cir

Austin, TX 78749
$750,000
3 Bed 3 Bath 2,203 sqft $340/sqft Built 1983 0.23 acres 2-Car Garage Pool Smiths J W Western Oaks 02-A

Perfectly positioned on a corner cul-de-sac lot surrounded by quiet parkland & greenspace just moments from the community pool, park and sports courts, this exceptional home is located in the highly sought-after J.W. Smith neighborhood—an intimate community of just 361 homes known for wide streets, mature oaks, generous lots & strong sense of community. Lovingly maintained & thoughtfully updated, the home offers timeless character, privacy & substantial capital improvements. Renovated homes are seldom available in J.W. Smith, making this an exceptional opportunity to enjoy an established neighborhood without sacrificing modern comforts. The setting is among the most desirable in the community, with direct access to greenspace & the quiet charm of the Wheeler Branch cul-de-sac. Filled with natural light & generous ceiling heights, the home offers an inviting sense of openness. The remodeled kitchen features a center island, abundant storage & workspace, opening to the dining & living areas while maintaining its own distinct identity. The living room is anchored by a fireplace & overlooks the backyard through walls of windows. The floorplan has the spacious primary suite on the main level. Overlooking the backyard, the primary features a custom walk-in closet, dual vanities & a generous walk-in shower. Upstairs, two secondary bedrooms share an updated Jack-and-Jill bath, including one oversized bedroom offering flexibility as a home office or playroom. Updates include a 2021 roof with 50-year shingles, 2025 HVAC, 2021 water heater, 2017 energy-efficient windows, radiant barrier, added insulation, & remodeled kitchen & primary bath completed in 2017. Outdoor living includes a large covered patio, raised garden beds & custom double gates to the adjoining greenspace. Residents enjoy a community amenities + nearby parks & trails, & convenient access to Whole Foods, Costco, dining & downtown Austin.

At $340/sqft, this home is 13% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5205 Wheeler Branch Cir, Austin, TX 78749

Property Details

Price $750,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,203 sqft
Lot Size 0.23 acres (9,801 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Smiths J W Western Oaks 02-A
County Travis
Zip Code 78749
$/sqft $340/sqft
Days on Market ,
HOA $79.66/Monthly
Annual Tax Est. $12,336
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245236899
List Date September 8, 2026
Elementary School Patton
Middle School Small
High School Austin
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 · September 8, 2026 $770,000
Current ask $750,000
▼ Reduced $20,000 (-2.6%) 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
8501 Fulbright Ln
Village At Western Oaks Sec 18
$735,000 $309 4 bd / 3 ba 2,379 sqft , 2026-05-14
5210 Crooked Oak Cv
WESTERN OAKS
$695,000 $280 4 bd / 2 ba 2,479 sqft , 2026-09-18
7826 Wheel Rim Cir
Village At Western Oaks 08
$684,900 $302 3 bd / 3 ba 2,266 sqft , 2026-08-30
6112 Jumano Ln
Legend Oaks Sec 07
$675,000 $352 3 bd / 2 ba 1,917 sqft , 2026-09-02
7402 Maricopa Cv
Beckett Meadows Sec 01
$650,000 $227 3 bd / 3 ba 2,866 sqft , 2026-09-11

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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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 1, 2026.

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