Active Listing  ·  127 days on market

5500 Toscana Ave

Austin, TX 78724
$450,000
3 Bed 3 Bath 1,583 sqft $284/sqft Built 2006 0.16 acres Pool Agave

Chic, modern living in East Austin’s sought-after Agave community. Set on a corner lot, this home offers a private backyard retreat with a heated and cooled pool for year-round use - resurfaced December 2025 with a heat pump replaced in 2021. This vibrant East Austin community has its own Slack channel, buy/sell/trade pages, and several annual activities. Enjoy peaceful strolls with wide sunset skies and glimpses of the city skyline. Built in 2006 and carefully maintained by its original owners, the home blends clean updates with an easy, open layout. Inside, high ceilings and abundant natural light highlight fresh neutral paint, updated lighting, modern ceiling fans, and durable luxury vinyl plank flooring. The living area flows into a dining space framed by beautiful bay windows. The kitchen is finished with quartz countertops, updated stainless appliances, and a butcher block island. The main-floor primary suite is tucked away with direct access to the patio and pool, along with a walk-in closet and ensuite bath with a stylish updated walk-in shower. Upstairs, two bedrooms with new carpet share a full bath and capture views toward Downtown Austin. A main-floor powder room and laundry add everyday convenience. Outside, the freshly painted stucco exterior is paired with a tile roof, established landscaping, and updated privacy fencing. A curved drive leads to an attached carport with a Tesla charger. Located with quick access to MLK and close to Springdale Station, Canopy, Walnut Creek Trail, and the Austin Tennis & Pickleball Center, plus dining along Manor, Airport, 12th, and MLK. Approximately 7 miles to Downtown and UT, 8 miles to the airport and Tesla, and about 20 minutes via 183 to The Domain and Austin’s tech corridor. The Preferred Lender on this property is Randy Atkinson at Synergy One Lending. The Buyer will receive 1% Lender Credit (based off of the loan amount) when obtaining financing through Randy Atkinson at Synergy One Lending.

At $284/sqft, this home is 27% 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

5500 Toscana Ave, Austin, TX 78724

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,583 sqft
Lot Size 0.16 acres (7,100.28 sqft)
Year Built 2006
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Agave
County Travis
Zip Code 78724
$/sqft $284/sqft
Days on Market ,
HOA $60/Quarterly
Annual Tax Est. $9,518.26
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224213371
List Date March 30, 2026
Elementary School Oak Meadows
Middle School Decker
High School Manor
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 · March 30, 2026 $495,000
Previous ask $475,000
Current ask $450,000
Reduced $45,000 (-9.1%) 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
7900 Clydesdale Dr
Southampton Sec 3-a
$450,000 $365 3 bd / 2 ba 1,234 sqft , 2025-11-08
504 Heartwood Dr
Community Fairview Sec 02
$450,000 $331 3 bd / 2 ba 1,358 sqft , 2026-03-19
5605 Overbrook Dr
Manor Hills Sec 03
$450,000 $329 3 bd / 2 ba 1,367 sqft , 2025-10-23
15001 Dexler Dr
Cardinal Hills Estates Unit 12
$450,000 $388 3 bd / 2 ba 1,161 sqft , 2026-01-13
16505 Castletroy Dr
Avery Ranch East Ph 01
$450,000 $240 3 bd / 2 ba 1,872 sqft , 2026-04-15

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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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