Active Listing  ·  48 days on market

5214 Grover Ave

Austin, TX 78756
$699,000
3 Bed 3 Bath 1,531 sqft $457/sqft Built 1950 0.27 acres 1-Car Garage Pool Walling Place

Discover an exceptional opportunity in the heart of Austin, where classic charm meets modern convenience, presenting an unparalleled living experience. This delightful residence offers three spacious bedrooms and three full bathrooms spread across two thoughtfully designed stories, providing ample space for comfortable living. The generous living area of 1531 square feet is perfectly complemented by an expansive lot, encompassing 0.27 acres, offering a serene outdoor retreat right in the vibrant 78756 zip code.

The unique appeal of this home lies in its harmonious blend of indoor comfort and outdoor potential. The substantial lot size of 11892 square feet invites endless possibilities for gardening, recreation, or creating your personal oasis. Imagine enjoying tranquil mornings or engaging in lively gatherings in your private outdoor haven. In addition to the 1531 sqft main house, a detached 120 sq ft finished building with gas, water, power, and drain connections was formerly used as a detached laundry room, but could also be an office.

Located on Grover Avenue, this address places you in a desirable Austin neighborhood, renowned for its dynamic community and convenient access to local amenities. The area boasts a vibrant atmosphere, with an array of dining, shopping, and entertainment options just moments away, ensuring a lifestyle of ease and excitement. This property represents not just a home, but a gateway to a coveted Austin lifestyle, blending suburban tranquility with urban accessibility.

At $457/sqft, this home is priced 17% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5214 Grover Ave, Austin, TX 78756

Property Details

Price $699,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,531 sqft
Lot Size 0.27 acres (11,891.88 sqft)
Year Built 1950
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Walling Place
County Travis
Zip Code 78756
$/sqft $457/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,794.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236376588
List Date June 17, 2026
Elementary School Bryker Woods
Middle School O Henry
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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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
8115 Rockwood Ln #B
Northtowne West Sec 01
$699,000 $342 3 bd / 3 ba 2,045 sqft , 2026-03-19
3204 Lyons Rd #1
Delzell Sec 02
$699,000 $474 3 bd / 3 ba 1,476 sqft , 2026-04-21
1708 Canterbury St #2
Riverside
$699,000 $635 2 bd / 3 ba 1,100 sqft , 2026-06-01
6805 Tulane Dr
University Hills Sec 03 Ph 01
$699,000 $426 4 bd / 2 ba 1,639 sqft , 2026-06-17
4907 W Market Dr
Highland Village Sec 02 Pt 03
$699,000 $547 3 bd / 1 ba 1,278 sqft , 2026-06-22

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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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