Active Listing  ·  38 days on market

6507 Pevensey Dr

Austin, TX 78745
$585,000
3 Bed 2 Bath 1,622 sqft $361/sqft Built 1969 0.33 acres 1-Car Garage Pool Buckingham Place Sec 03

Welcome to this beautifully reimagined home in the sought after 78745. Thoughtfully renovated from top to bottom, this exceptional residence showcases quality craftsmanship and attention to detail throughout. Huge bonus having the flex building that can be used as a home office, gym or living quarters! The home is also situated on an oversized lot that really sets this home apart.

This extensive remodel includes new flooring, fully remodeled kitchen and bathrooms, modern lighting, new appliances, new HVAC and electrical and numerous additional improvements. Every space has been carefully designed to create a fresh, contemporary feel that truly sets this home apart. Be sure to review the attached list of upgrades for a complete overview of the renovations.

Enjoy the best of Austin living conveniently located near all things South Austin including the local restaurants and retail of South Lamar/South Congress, Zilker Park, downtown Austin, shopping, dining, and major commuter routes. This home offers the perfect blend of tranquility, convenience, and modern style.

At $361/sqft, this home is 8% 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

6507 Pevensey Dr, Austin, TX 78745

Property Details

Price $585,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,622 sqft
Lot Size 0.33 acres (14,566.46 sqft)
Year Built 1969
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Buckingham Place Sec 03
County Travis
Zip Code 78745
$/sqft $361/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,557.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240204622
List Date July 17, 2026
Elementary School Pleasant Hill
Middle School Covington
High School Crockett
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 17, 2026 $615,000
Previous ask $599,998
Current ask $585,000
Reduced $30,000 (-4.9%) 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
7611 Oak Hedge Pl
Elmwood Estates
$583,000 $416 3 bd / 2 ba 1,403 sqft , 2026-02-24
1111 Spearson Ln
Cooper Oaks Sec 02
$559,998 $330 4 bd / 2 ba 1,695 sqft , 2026-08-13
7310 Broken Arrow Ln
Meadowcreek Sec 02 Ph 02
$550,000 $419 3 bd / 2 ba 1,314 sqft , 2026-07-27
301 W Stassney Ln #34
Sweetbriar Condos
$549,900 $265 4 bd / 3 ba 2,072 sqft , 2026-08-07
210 W Mockingbird Ln #1
210 West Mockingbird Lane site Condo
$625,000 $368 3 bd / 3 ba 1,700 sqft , 2026-08-11

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
$2,808/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
$117,000
20% conventional investment loan

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

Estimated Gross Rent+$2,808
Principal + Interest−$3,193
Property Tax (~2.1% TX avg)−$1,024
Insurance (~0.5%)−$244
Est. Monthly Cash Flow $-1,653

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 21, 2026.

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