Active Listing  ·  7 days on market

5721 Louise Ln

Austin, TX 78757
$1,390,000
4 Bed 3 Bath 2,924 sqft $475/sqft Built 1957 0.25 acres 2-Car Garage Pool Allandale West Sec 01

This fully renovated modern ranch is tucked away on a quiet street in Allandale and offers 4 bedrooms, 2.5 bathrooms, and nearly 2,924 SF of thoughtfully designed living space. A soft neutral palette, light wood floors, and dark wood ceiling beams bring warmth and transitional style throughout the interior. The spacious single-story layout flows seamlessly from the designer kitchen into the living, dining, and secondary living spaces. A new Pella panoramic bifold sliding door system opens to the patio and connects to a detached 300 SF flex space that can function as a guest suite, office, gym, studio, or casita. Set on a sizable lot with mature trees and updated landscaping, the backyard is designed for both entertaining and everyday living. The serene primary suite features a spa-inspired bath with dual vanities, a large walk-in shower, built-in makeup vanity, and generous closet space. Approximately $100,000 in additional improvements have been completed since the 2018 renovation, including full Radiant Plumbing replacement, upgraded irrigation and sod installation, a custom primary closet addition, foundation repairs with transferable warranty, gutter upgrades, updated lighting fixtures, and garage epoxy flooring. Conveniently located near MoPac, Shoal Creek, 2222/Koenig, Northwest Pool, Mt. Bonnell, and Bright Leaf Preserve, with Downtown Austin and The Domain both less than 15 minutes away.

At $475/sqft, this home is priced 21% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5721 Louise Ln, Austin, TX 78757

Property Details

Price $1,390,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,924 sqft
Lot Size 0.25 acres (10,933.56 sqft)
Year Built 1957
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Allandale West Sec 01
County Travis
Zip Code 78757
$/sqft $475/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246850134
List Date September 15, 2026
Elementary School Gullett
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.

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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
3911 Dry Creek Dr
Shinoak Valley Sec 01
$1,375,000 $647 3 bd / 3 ba 2,124 sqft , 2026-08-03
5104 Beverly Hills Dr
Beverly Hill
$1,425,000 $479 4 bd / 3 ba 2,973 sqft , 2026-07-31
5700 LOUISE Ln
Allandale West Sec 01
$1,499,900 $453 4 bd / 4 ba 3,312 sqft , 2026-08-22
6213 Edwards Mountain Cv
Edwards Mountain
$1,500,000 $454 4 bd / 4 ba 3,307 sqft , 2026-09-18
6905 Daugherty St
Green Acres
$1,250,000 $421 5 bd / 6 ba 2,972 sqft , 2026-07-31

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
$6,672/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
$278,000
20% conventional investment loan

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

Estimated Gross Rent+$6,672
Principal + Interest−$7,586
Property Tax (~2.1% TX avg)−$2,433
Insurance (~0.5%)−$579
Est. Monthly Cash Flow $-3,926

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 →

Neighborhood Context

About Allandale

Allandale is North Central Austin's original family neighborhood - platted in the 1950s and shaped by decades of homeowners who chose it for its tree-lined streets, strong schools, and community identity. Bounded roughly by 45th Street to the south, Koenig Lane to the north, MoPac to the west, and Burnet Road to the east, it occupies one of Austin's most convenient locations.

The housing stock is predominantly 1950s to 60s brick ranch homes - modest footprints on generous lots, many with mature live oaks that took 60 years to grow. Renovated Allandale homes command significant premiums, while original-condition homes represent some of the last attainable entry points in North Central Austin. New custom construction is an increasing presence as teardown economics make sense at these lot values.

🍽️
Burnet Road Corridor

Allandale's eastern edge is lined with some of Austin's best independent restaurants, coffee shops, and bars. Uchi, Violet Crown Cinema, Foreign & Domestic, Epoch Coffee - all within walking distance of many Allandale addresses.

🌳
Mature Tree Canopy

Sixty years of live oak growth creates a canopy that makes Allandale feel noticeably cooler and quieter than newer Austin neighborhoods. The trees are a defining asset - and an Austin Heritage Tree protection means they're here to stay.

🏫
McCallum High School

McCallum is one of Austin ISD's most respected high schools - known for its Fine Arts Academy (one of the top performing arts magnet programs in Texas) and strong academics. It's a major draw for families with high school-age children.

🚶
Walkable Errands

Allandale residents walk to coffee, restaurants, a hardware store, and neighborhood shops on a regular basis. It's not a walk-everywhere neighborhood, but the Burnet Road corridor makes daily errands genuinely walkable from the eastern half of the neighborhood.

Full Allandale Guide →

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 19, 2026.

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