Active Listing  ·  27 days on market

5210 Gladstone Dr

Austin, TX 78723
$685,000
4 Bed 3 Bath 1,912 sqft $358/sqft Built 1964 0.16 acres 1-Car Garage Pool Windsor Park Hills Sec 06

Fully renovated East Austin home in 78723 near Mueller, H-E-B, parks, restaurants, shopping, and major Austin corridors. Located at 5210 Gladstone Drive, this move-in-ready 4-bedroom, 3-bathroom home offers 1,912 square feet of thoughtfully redesigned living space with a functional layout, elevated finishes, and major updates throughout.

Completely gutted and reimagined, this Austin home features new plumbing, new electrical, a 2025 roof, and a well-maintained HVAC system. The open-concept floor plan is designed for everyday living, entertaining, and flexible work-from-home needs.

The chef’s kitchen features Taj Mahal quartz countertops, a waterfall island, custom white oak cabinetry, new appliances, a dry bar, and large sliding glass doors that bring in natural light and open to the back deck. Warm wood details, quartz surfaces, custom cabinetry, and modern finishes create a clean, elevated feel throughout the main living spaces.

The spacious primary suite includes room for a sitting area or workspace, a generous walk-in closet, and a spa-like bathroom with designer tile, a double waterfall shower, and dedicated vanity area. With four bedrooms and three full bathrooms, the home offers flexibility for guest rooms, a nursery, home gym, office, or multigenerational living. The front bedroom is especially well suited for a private office or flex space.

Outside, enjoy new landscaping, a deck for entertaining or relaxing, and a one-car garage. Approximately 1.5 miles from H-E-B and about 3 miles from Mueller, this renovated 78723 home offers convenient access to East Austin, Downtown Austin, and the Mueller district while providing the space and updates buyers are looking for.

At $358/sqft, this home is 8% 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

5210 Gladstone Dr, Austin, TX 78723

Property Details

Price $685,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,912 sqft
Lot Size 0.16 acres (7,139.48 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor Park Hills Sec 06
County Travis
Zip Code 78723
$/sqft $358/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,943.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215816812
List Date July 8, 2026
Elementary School Pecan Springs
Middle School Martin
High School Northeast Early College
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 →

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 · July 8, 2026 $700,000
Current ask $685,000
Reduced $15,000 (-2.1%) 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 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
8610 Melshire Dr
Northwest Terrace Sec 03
$685,000 $336 3 bd / 3 ba 2,038 sqft , 2026-04-12
1201 Luna St
Chernosky 09
$685,000 $353 3 bd / 3 ba 1,940 sqft , 2026-03-26
4810 Springdale Rd
Springdale Crk Condo
$685,000 $278 3 bd / 3 ba 2,462 sqft , 2026-05-14
3414 Eldorado Trl
Shady Hollow Add Sec 02 Ph 01
$685,000 $325 3 bd / 2 ba 2,105 sqft , 2026-06-25
708 Chicon St
Oil Mill
$684,000 $429 3 bd / 3 ba 1,596 sqft , 2026-04-02

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
$3,288/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
$137,000
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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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