Active Listing  ·  55 days on market

5502 Kings Hwy

Austin, TX 78745
$549,000
3 Bed 2 Bath 1,407 sqft $390/sqft Built 1965 0.22 acres Pool Deer Park Sec 03

Sophisticated modern restoration in the heart of South Austin :: Beautifully transformed with a fully permitted COA interior remodel, the home combines clean architectural lines, warm organic materials, and exceptional attention to detail :: Show-stopping kitchen features custom white oak cabinetry, quartz surfaces, and premium fixtures :: Expansive open-concept living spaces offer abundant natural light and effortless flow between kitchen, dining, and living areas :: Luxurious primary suite showcases a spa-like bathroom with custom dual vanity, designer tile, and oversized walk-in shower. :: Wide-plank LVP flooring extends throughout the home complemented by curated lighting, artisan finishes, and custom details at every turn. ::

Extensive renovation includes updated mechanical systems, energy-efficient windows, new roof, full interior rewire and exterior panel service upgrade, plumbing fixtures, carport, detached ADU and new wood fencing. :: Situated on a spacious lot beneath mature trees just minutes from South Congress, St. Elmo, Central Market, Leroy & Lewis, Jo’s Coffee, and more.

At $390/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,642 active listings. View Austin market report →

Location

5502 Kings Hwy, Austin, TX 78745

Property Details

Price $549,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,407 sqft
Lot Size 0.22 acres (9,535.28 sqft)
Year Built 1965
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Deer Park Sec 03
County Travis
Zip Code 78745
$/sqft $390/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,673.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235704250
List Date June 10, 2026
Elementary School Sunset Valley
Middle School Covington
High School Crockett
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 →

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
606 W Lynn St #21
West End Condo
$549,000 $479 2 bd / 3 ba 1,146 sqft , 2026-04-13
5921 Hiline Rd #1204
Waterfall On Lake Travis Condo
$549,000 $398 3 bd / 2 ba 1,379 sqft , 2026-01-09
219 Lessin Ln #10A
Post Road
$549,000 $477 2 bd / 3 ba 1,152 sqft , 2026-04-08
9407 McKnight Loop #9
Western Clstrs Condos
$549,000 $304 3 bd / 3 ba 1,806 sqft , 2026-04-30
8200 Southwest Pkwy #302
Escondera Condo Bldg 3
$549,000 $291 2 bd / 3 ba 1,887 sqft , 2026-05-01

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
$2,635/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
$109,800
20% conventional investment loan

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

Estimated Gross Rent+$2,635
Principal + Interest−$2,996
Property Tax (~2.1% TX avg)−$961
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,551

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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