About This Home

Stylish, well-maintained, and move-in ready, this thoughtfully updated 3/2 home blends timeless mid-century modern design with everyday comfort in the heart of sought-after 78745. The bright, open floor plan is filled with natural light and offers an easy flow for living and entertaining. Recent improvements include a new roof and windows. Outside, the expansive, level lot offers endless possibilities for outdoor living, gardening, or future expansion. Enjoy an unbeatable South Austin location just minutes from neighborhood coffee shops, local favorites, and the award-winning Leroy & Lewis Barbecue.

At $355/sqft, this home is 9% 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

5803 Eureka Dr, Austin, TX 78745

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Property Details

Price $450,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,269 sqft

Lot Size 0.19 acres (8,293.82 sqft)

Year Built 1970

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Oasis Village Sec 03

County Travis

Zip Code 78745

$/sqft $355/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,071.98

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238621114

List Date July 3, 2026

Elementary School Odom

Middle School Bedichek

High School Crockett

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 3, 2026 $495,000

Previous ask $479,900

Current ask $450,000

▼ Reduced $45,000 (-9.1%) 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

902 Emerald Wood Dr
Emerald Forest Sec 03 $450,000 $290 3 bd / 2 ba 1,551 sqft , 2026-04-18

6915 Cherry Meadow Dr
Cherry Meadows $450,000 $349 4 bd / 2 ba 1,290 sqft , 2026-05-27

806 Philco Dr #2
Greenwood Forest Sec 01 $449,900 $392 3 bd / 3 ba 1,149 sqft , 2026-06-06

402 Philco Dr
Alamo Heights Sec 02 $449,000 $370 3 bd / 1 ba 1,212 sqft , 2026-08-05

6403 Bluesky Way
Buckingham Ridge Sec 02 $449,000 $279 4 bd / 2 ba 1,610 sqft , 2026-08-12

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

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 21, 2026.

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

5803 Eureka Dr