Active Listing  ·  40 days on market

5907 Thames Dr

Austin, TX 78723
$569,999
4 Bed 3 Bath 2,303 sqft $248/sqft Built 1963 0.20 acres 2-Car Garage Pool Royal Oak Estates Sec 07

Welcome home to 5907 Thames Drive! This 4 bedroom, 2.5 bath home with 2,303 sqft is in the coveted 78723! An excellent layout! 3 bedrooms upstairs with a mother-in-law suite downstairs. A huge living room downstairs with a large, wood-burning fireplace. Kitchen with plenty of cabinets, central to the home and adjacent to the other common areas downstairs. BRAND NEW ROOF! Check out the front balcony! Relax in the backyard at the covered porch, open deck, or private pool. Plenty of space for gardening or cultivating your own private sanctuary. Minutes away from HEB, restaurants, shopping, the Mueller Development, parks, bus routes, Downtown, UT, and the Capitol Complex. Check out the New Bud Program flyer for 1% credit towards your loan!

At $248/sqft, this home is 37% 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

5907 Thames Dr, Austin, TX 78723

Property Details

Price $569,999
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,303 sqft
Lot Size 0.20 acres (8,524.69 sqft)
Year Built 1963
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Royal Oak Estates Sec 07
County Travis
Zip Code 78723
$/sqft $248/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,426.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239874210
List Date July 14, 2026
Elementary School Harris
Middle School Webb
High School Northeast Early College
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 14, 2026 $600,000
Current ask $569,999
Reduced $30,001 (-5.0%) 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
6414 Kenilworth Dr
Windsor Park 02 Sec 01
$575,000 $312 4 bd / 3 ba 1,843 sqft , 2026-04-14
1613 Glencrest Dr
Colonial Hills Sec 01
$549,999 $357 3 bd / 2 ba 1,540 sqft , 2026-07-03
1807 Corona Dr
Delwood 04 East Sec 02
$599,990 $396 3 bd / 2 ba 1,516 sqft , 2026-08-11
6109 Cherrylawn Cir #A
Manor Townhomes
$539,999 $253 3 bd / 4 ba 2,133 sqft , 2026-05-18
5604 Chadwyck Dr
Preswyck Hills Sec 05
$609,995 $291 5 bd / 3 ba 2,097 sqft , 2026-01-20

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
$2,736/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
$114,000
20% conventional investment loan

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

Estimated Gross Rent+$2,736
Principal + Interest−$3,111
Property Tax (~2.1% TX avg)−$997
Insurance (~0.5%)−$237
Est. Monthly Cash Flow $-1,609

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 August 12, 2026.

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