About This Home

Beautifully remodeled South Austin home just 20 minutes from Downtown Austin! This move-in-ready home features 5 bedrooms, 2 full bathrooms, and an open-concept layout designed for modern living. The spacious living room flows seamlessly into the updated kitchen, creating the perfect space for entertaining and everyday life. Enjoy stylish finishes, abundant natural light, and a functional floor plan with plenty of room for family, guests, a home office, or rental potential! This home offers the perfect combination of comfort, space, and accessibility. Don't miss your opportunity to own a beautifully updated home in one of Austin's most desirable locations!

At $250/sqft, this home is 36% 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

5506 S Pleasant Valley Rd, Austin, TX 78744

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Property Details

Price $389,999

Status Active Listing

Beds 5

Full Baths 2

Half Baths ,

Living Area 1,561 sqft

Lot Size 0.14 acres (6,133.25 sqft)

Year Built 1981

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Village South Ph 02

County Travis

Zip Code 78744

$/sqft $250/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,675.56

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240665148

List Date July 23, 2026

Elementary School Widen

Middle School Mendez

High School Akins

School District ,

Have Questions About This Property?

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 · July 23, 2026 $399,999

Current ask $389,999

▼ Reduced $10,000 (-2.5%) 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

2100 Deadwood Dr
Peppertree Park Sec 01 $369,000 $209 4 bd / 2 ba 1,762 sqft , 2026-03-10

2522 Magin Meadow Dr
Meadow Lake Ph 01 02 $349,000 $166 4 bd / 3 ba 2,097 sqft , 2026-10-02

5307 Village Trl
Village South Ph 01 $339,000 $232 4 bd / 2 ba 1,460 sqft , 2026-09-18

5805 Shaded Cottage Ct #97
Arbor Ridge Condo Amd $325,000 $168 4 bd / 3 ba 1,931 sqft , 2026-07-15

7011 Thannas Way
Meadow Lake Ph 01 02 $325,000 $215 4 bd / 3 ba 1,512 sqft , 2026-09-05

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

$1,872/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

$78,000

20% conventional investment loan

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

Estimated Gross Rent+$1,872

Principal + Interest−$2,128

Property Tax (~2.1% TX avg)−$682

Insurance (~0.5%)−$162

Est. Monthly Cash Flow $-1,100

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

About the Author

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 30, 2026.

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

5506 S Pleasant Valley Rd