Active Listing  ·  134 days on market

5503 Manor Rd

Austin, TX 78723
$500,000
3 Bed 2 Bath 2,063 sqft $242/sqft Built 1954 0.21 acres Pool Manor Hill Sec 02

Experience refined living in this beautifully remodeled and thoughtfully expanded residence, where every detail has been curated for comfort and sophistication. The oversized primary suite serves as a true retreat, offering two grand walk-in closets and a spa-quality bathroom featuring a sculptural clawfoot tub filled by a dramatic ceiling-mounted waterfall faucet, a spacious walk-in shower, and elegant dual vanities.

The designer kitchen blends modern style with timeless appeal, showcasing a striking blue tile backsplash that highlights the quartz countertops, crisp white cabinetry, and premium stainless steel appliances. A stunning shiplap accent wall creates an inviting focal point in the living room and continues seamlessly into the secondary bathroom, adding warmth and architectural character.

Two additional bedrooms provide serene accommodations for family or guests, while the versatile office offers the flexibility to function as a playroom, creative studio, or private workspace. With elevated finishes, thoughtful upgrades, and a layout designed for effortless everyday living, this home delivers a luxurious feel from the moment you step inside.

Your next chapter begins here — schedule your private tour today.

At $242/sqft, this home is 38% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5503 Manor Rd, Austin, TX 78723

Property Details

Price $500,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,063 sqft
Lot Size 0.21 acres (8,938.51 sqft)
Year Built 1954
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Manor Hill Sec 02
County Travis
Zip Code 78723
$/sqft $242/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,548.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225242608
List Date April 10, 2026
Elementary School Pecan Springs
Middle School Martin
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.

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 · April 10, 2026 $560,000
Previous ask $525,000
Current ask $500,000
Reduced $60,000 (-10.7%) 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
1405 Briarcliff Blvd
Gaston Park
$499,999 $347 3 bd / 2 ba 1,440 sqft , 2026-08-02
5105 Lemon Tree Path
51 East
$499,000 $231 4 bd / 3 ba 2,160 sqft , 2026-06-25
6905 Tulane Dr
Riverbend Sec 03c At University Hills
$499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01
5216 Golden Canary Ln
51 East
$495,000 $255 3 bd / 3 ba 1,938 sqft , 2026-01-09
3108 E 51st St #1104
Grove Condominiums
$495,000 $271 3 bd / 4 ba 1,827 sqft , 2026-07-01

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 6, 2026.

📞 (254) 718-2567 [email protected] More about Luke →