Active Listing  ·  54 days on market

5800 Coolbrook Dr

Austin, TX 78724
$460,000
4 Bed 2 Bath 2,290 sqft $201/sqft Built 1972 0.21 acres Pool Crystalbrook Sec 01

Don't miss this incredible opportunity in one of East Austin's fastest-growing areas! This well-maintained home is ready for its next chapter and offers the perfect canvas for investors, builders, or buyers looking to add their personal touch. Major updates have already been completed, including a new roof (2023), HVAC system, and water heater, allowing you to focus on cosmetic improvements and maximizing value. The converted garage provides additional living space or a potential extra bedroom, offering added flexibility. Some interior photos include AI-enhanced inspiration to showcase the home's potential with fresh paint. Situated on an oversized lot, there's ample room to expand the home, add an ADU (subject to city approval), design a pool, or create the backyard retreat you've always envisioned. Conveniently located just minutes from Highway 183, you're perfectly positioned between the peaceful trails of Big Walnut Creek Nature Preserve and all the dining, entertainment, and growth happening in East Austin. Whether you're looking for your next renovation project or a property with long-term upside, this is an opportunity you won't want to miss.

At $201/sqft, this home is 49% 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

5800 Coolbrook Dr, Austin, TX 78724

Property Details

Price $460,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,290 sqft
Lot Size 0.21 acres (9,147.6 sqft)
Year Built 1972
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Crystalbrook Sec 01
County Travis
Zip Code 78724
$/sqft $201/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $1,321
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240292728
List Date July 31, 2026
Elementary School Jordan
Middle School Dobie (Austin ISD)
High School Lyndon B Johnson (Austin ISD)
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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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 31, 2026 $499,000
Previous ask $475,000
Current ask $460,000
Reduced $39,000 (-7.8%) 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
7404 Gunnison Pass
Las Cimas Sec 01
$474,900 $318 4 bd / 3 ba 1,494 sqft , 2026-07-31
3017 Val Dr
Vintage Hills Sec 04
$475,000 $226 4 bd / 2 ba 2,100 sqft , 2026-09-04
7500 Rio Pass
EAST CENTRAL AREA
$479,000 $230 5 bd / 3 ba 2,085 sqft , 2026-08-27
6905 Tulane Dr
Riverbend Sec 03c At University Hills
$499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01
6912 Langston Dr
Riverbend Sec 1 At University Hills
$499,000 $256 3 bd / 3 ba 1,952 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
$2,208/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
$92,000
20% conventional investment loan

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

Estimated Gross Rent+$2,208
Principal + Interest−$2,510
Property Tax (~2.1% TX avg)−$805
Insurance (~0.5%)−$192
Est. Monthly Cash Flow $-1,299

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 22, 2026.

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