Active Listing  ·  151 days on market

5404 Shoal Creek Blvd

Austin, TX 78756
$2,350,000
4 Bed 3 Bath 3,432 sqft $685/sqft Built 1949 0.86 acres Pool Shoalmont Addition

Location. Privacy. Space. Beauty. Access. Versatility. Multi-Generational or income producing and zoned for even more expansion: this iconic Allandale estate has it all, and more. This property features two separate meticulously maintained & upgraded homes, with zoning for a third structure. The Main Residence is a 3 bed/2 bath, 2596 SF home featuring a Great room with panoramic windows and sliding doors opening to the park-like backyard, 2 gas fireplaces, hardwood floors, low-E windows, a newer roof & a flexible in-law layout ideal for guests or growing households. The second House is a 1 bed/1 bath, 836 SF home featuring vaulted ceilings, large windows, a kitchen, a spacious living area, walk-in closet, gym, and heated/cooled laundry + storage, & a private entrance and patio. Consistent rental income with repeat guests. Perfect for multi-generational living, guest quarters, or long-term investment. All of this is located on an expansive .86-acre estate lot featuring tree-shaded grounds, a screened-in porch overlooking Shoal Creek, a large enclosed garden with raised beds, & a carport workshop with ample storage space, a detached outbuilding for lawn tools, sports gear, or creative use, a circular driveway, a parking pad, drive-through carport, an irrigation system, alarm system, landscape lighting, & broadband-ready. Located in a Cyclist-Friendly Location with direct access to Shoal Creek Trail, where safe, dedicated bike paths provide a secure & scenic ride through Austin's greenbelt. Allandale is one of the City's best neighborhoods for biking and commuting. Minutes to Burnet Road corridor, The Grove, Central Market, Seton and Austin Heart hospitals, and UT. 15 minutes to downtown Austin and Bergstrom International Airport. Zoned to Highland Park Elementary, a National Blue Ribbon school, Lamar MS & McCallum Fine Arts Academy.

At $685/sqft, this home is priced 75% 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

5404 Shoal Creek Blvd, Austin, TX 78756

Property Details

Price $2,350,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,432 sqft
Lot Size 0.86 acres (37,461.6 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Shoalmont Addition
County Travis
Zip Code 78756
$/sqft $685/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221695641
List Date March 6, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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 · March 6, 2026 $2,495,000
Current ask $2,350,000
Reduced $145,000 (-5.8%) 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
7825 Lynchburg Dr
Belvedere Ph 01
$2,350,000 $557 4 bd / 4 ba 4,216 sqft , 2026-04-24
4306 Bennedict Ln
West Rim
$2,350,000 $753 4 bd / 4 ba 3,122 sqft , 2026-05-22
802 Blanco St
Castle Hill Historic District
$2,350,000 $992 4 bd / 4 ba 2,368 sqft , 2026-07-22
1300 Bluff St
Bluff View
$2,349,000 $867 3 bd / 3 ba 2,710 sqft , 2026-06-18
1503 Alta Vista Ave
Travis Heights
$2,353,000 $665 3 bd / 4 ba 3,536 sqft , 2025-09-18

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
$11,280/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
$470,000
20% conventional investment loan

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

Estimated Gross Rent+$11,280
Principal + Interest−$12,825
Property Tax (~2.1% TX avg)−$4,113
Insurance (~0.5%)−$979
Est. Monthly Cash Flow $-6,637

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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