Active Listing  ·  188 days on market

5207 Driftwood Ct

Killeen, TX 76542
$650,000
5 Bed 3 Bath 2,957 sqft $220/sqft Built 2013 0.52 acres 4-Car Garage Pool Deerwood Estates

Welcome to 5207 Driftwood Court, an exceptional residence nestled on a desirable corner lot in the prestigious Deerwood Estates subdivision. This stunning 2,957-square-foot home seamlessly blends luxury, comfort, and thoughtful design.

Boasting five spacious bedrooms and three full bathrooms, this property offers both versatility and elegance—perfect for families, entertaining, or multi-generational living. The open-concept layout creates a light-filled, inviting atmosphere, enhanced by rich wood flooring and custom blinds that add warmth and sophistication throughout.

Designed with accessibility in mind, the home is ADA-approved and thoughtfully equipped to ensure ease of mobility without compromising style. Every detail has been carefully considered to provide both function and beauty.

The expansive kitchen and living areas flow effortlessly, making it ideal for hosting gatherings or enjoying quiet evenings at home. Step outside to discover additional storage with a well-appointed outdoor building, while the impressive four-car garage provides ample space for vehicles, hobbies, or extra storage.

With numerous upgrades and refined finishes throughout, this home is a true standout—offering modern luxury in a serene, established neighborhood. 5207 Driftwood Court is more than a home; it’s a lifestyle defined by comfort, elegance, and exceptional design.

At $220/sqft, this home is priced 29% above the Killeen active market average of $170/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5207 Driftwood Ct, Killeen, TX 76542

Property Details

Price $650,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,957 sqft
Lot Size 0.52 acres (22,651.2 sqft)
Year Built 2013
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Deerwood Estates
County Bell
Zip Code 76542
$/sqft $220/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,193.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224965003
List Date April 17, 2026
Elementary School Killeen
Middle School Live Oak Ridge
High School Killeen
School District ,

Luke Allen (TREC #788149) has deep knowledge of Killeen 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 · April 17, 2026 $699,950
Previous ask $660,000
Current ask $650,000
▼ Reduced $49,950 (-7.1%) 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 Killeen

Comparable Listings Right Now

Homes currently for sale in Killeen 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
4906 Deerwood Loop
Deerwood Estates
$669,995 $213 4 bd / 4 ba 3,149 sqft , 2026-08-26

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 Killeen, TX

Killeen 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 5, 2026.

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