Active Listing  ·  26 days on market

5512 Oakwood Cv #162

Austin, TX 78731
$450,000
3 Bed 3 Bath 1,729 sqft $260/sqft Built 1985 0.32 acres 2-Car Garage Pool Oakwood Hollow Condo Amd

An exceptional opportunity to own in the sought-after Northwest Hills area, this 3-bedroom, 2.5-bath condo is nestled within the quaint Oakwood Hollow community and offers beautiful Hill Country views from the front balcony. With its established setting, spacious layout, and desirable location, this home provides a wonderful canvas for someone ready to bring their vision to life.

The home is ready for a personal touch, offering the opportunity to update and customize the space to your own style and preferences. An updated kitchen provides a great starting point, while a newer roof, HVAC system replaced four years ago, and brand-new water heater offer peace of mind where it matters most. The home has been thoughtfully priced to reflect the opportunity it presents.

Beyond the home itself, Oakwood Hollow offers an easy, low-maintenance lifestyle with an HOA that takes care of the grounds and pool and covers water and trash. Located in Northwest Hills, you're surrounded by the charm of an established neighborhood while remaining close to the restaurants, shopping, parks, and conveniences that make Northwest Austin so desirable. Whether you're looking for a place to make your own or an opportunity to invest in a sought-after area, this is one worth seeing.

At $260/sqft, this home is 34% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5512 Oakwood Cv #162, Austin, TX 78731

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,729 sqft
Lot Size 0.32 acres (13,913.06 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Oakwood Hollow Condo Amd
County Travis
Zip Code 78731
$/sqft $260/sqft
Days on Market ,
HOA $500/Monthly
Annual Tax Est. $10,132.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244881869
List Date August 28, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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
5910 Marilyn Dr
Allandale West Sec 04
$485,000 $323 3 bd / 2 ba 1,502 sqft , 2026-05-15
4116 Creek Ledge None #108
Stoneledge Condo Ph 01-02
$499,000 $260 2 bd / 3 ba 1,922 sqft , 2025-08-15
3607 Las Colinas Dr #B
Las Colinas Amd
$399,900 $293 2 bd / 3 ba 1,365 sqft , 2026-04-23
4809 Westfield Dr
Highland Village Sec 02 Pt 02
$520,000 $394 3 bd / 2 ba 1,320 sqft , 2026-07-24
3609 Las Colinas Dr #A
Las Colinas Amended
$374,900 $286 3 bd / 3 ba 1,311 sqft , 2026-08-21

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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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 September 12, 2026.

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