Active Listing  ·  18 days on market

5501 Coventry Ln

Austin, TX 78723
$715,000
5 Bed 2 Bath 2,070 sqft $345/sqft Built 1967 0.21 acres Pool Royal Oak Estates Sec 01

Experience the ultimate Austin lifestyle in coveted Royal Oak Estates, commanding a highly social corner lot. This vibrant, tight-knit enclave serves as the community's primary hub, hosting festive Halloween parades and lively get-togethers. Standing proud under a canopy of towering trees, this classic Texas ranch-style home radiates modern warmth, framed by brilliant, blooming crepe myrtles. Inside, a flood of natural light accentuates a seamless open floor plan, showcasing gorgeous wood-look flooring that sweeps through multiple expansive living spaces. The main living room, anchored by a crisp white brick fireplace, flows into the dining area and a true chef’s kitchen. This culinary haven boasts sleek quartz countertops, a striking hexagon backsplash, two-tone cabinetry, floating shelves, and premium stainless-steel appliances illuminated by a statement drum chandelier and elegant globe pendants. Down the quiet hallway, comfortable bedrooms offer a peaceful retreat, highlighted by a primary suite featuring a dramatic, moody accent wall. The primary bath has a custom double vanity and a walk-in glass shower with intricate blue-and-white patterned floor tile, white subway walls, and a built-in bench. The secondary bathroom complements the home's style with a chic light-wood floating vanity and bathtub with modern white subway tile. Step out to an outdoor sanctuary, featuring a massive, partially covered wood deck overlooking a private yard with a handy storage shed and wood privacy fence. Winter skies reveal views of downtown skyscrapers, while spring nights offer prime stargazing. Capital improvements include replaced windows, HVAC, a roof, rear gutters, updated PVC plumbing, and a wide carport gate. Royal Oak Estates keeps you minutes from Mueller, buzzing East Side eateries, HEB, Target, and a short drive to Downtown. For more info, go to: https://wkf.ms/4yklFaF

At $345/sqft, this home is 12% 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

5501 Coventry Ln, Austin, TX 78723

Property Details

Price $715,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 2,070 sqft
Lot Size 0.21 acres (9,191.16 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Royal Oak Estates Sec 01
County Travis
Zip Code 78723
$/sqft $345/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239980494
List Date July 17, 2026
Elementary School Blanton
Middle School Bertha Sadler Means
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.

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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
11502 Cherry Hearst Ct
Tanglewood Estates
$715,000 $331 4 bd / 3 ba 2,157 sqft , 2026-06-07
712 E 44th St #A
Caswell Place Condo
$714,900 $348 4 bd / 3 ba 2,052 sqft , 2026-06-02
14316 Broadwinged Hawk Dr
Spillman Ranch Ph 01 Sec 06
$715,900 $266 4 bd / 3 ba 2,687 sqft , 2026-03-13
11324 Cherisse Dr
Meridian Sec C Ph 03
$719,000 $283 4 bd / 3 ba 2,545 sqft , 2026-06-25
12613 Palfrey Dr
Reserve At Northwood
$719,987 $269 4 bd / 3 ba 2,677 sqft , 2026-03-04

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
$3,432/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
$143,000
20% conventional investment loan

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

Estimated Gross Rent+$3,432
Principal + Interest−$3,902
Property Tax (~2.1% TX avg)−$1,251
Insurance (~0.5%)−$298
Est. Monthly Cash Flow $-2,019

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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