Active Listing  ·  106 days on market

6511 Bridgewater Cv

Austin, TX 78723
$399,000
4 Bed 2 Bath 1,945 sqft $205/sqft Built 1972 0.26 acres 2-Car Garage Pool Bluffs University Hills Sec 03

Welcome to 6511 Bridgewater Cove, a rare opportunity to create your dream home in one of Austin's most convenient and prime location! This 1,945 square foot property offers 4 bedrooms, 2 bathrooms, and a 2 car garage, all sitting on a .26 spacious lot with endless potential for transformation! Perfect for buyers with vision, this home is ready for renovation- whether you're looking to customize your forever home or invest. The generous layout provides a strong foundation, with ample living space and a functional floor plan ready to be reimagined to fit your lifestyle. Situated just minutes from Mueller, Downtown Austin, you'll enjoy quick access to popular restaurants, shopping, parks and entertainment. Easy access to 183, IH-35, 290, plus less than a 20 minute drive to Austin-Bergstrom International Airport, commuting and travel are incredibly convenient. Don't miss out on the opportunity to make this gem your home! Schedule your showing today and imagine the possibilities!

At $205/sqft, this home is 48% 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

6511 Bridgewater Cv, Austin, TX 78723

Property Details

Price $399,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,945 sqft
Lot Size 0.26 acres (11,382.23 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bluffs University Hills Sec 03
County Travis
Zip Code 78723
$/sqft $205/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,935.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226961833
List Date April 20, 2026
Elementary School Pecan Springs
Middle School Webb
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.

Schedule a Call →

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
9714 Copper Creek Dr
Anderson Mill Village South
$399,000 $185 3 bd / 3 ba 2,155 sqft , 2026-02-02
604 N Bluff Dr #146
Skybridge Lofts
$399,000 $215 3 bd / 3 ba 1,856 sqft , 2025-07-23
9511 Meadowheath Dr
Forest North Estates Ph 2
$399,000 $265 4 bd / 2 ba 1,504 sqft , 2026-01-31
6613 Bramber Ln
Harris Branch Ph 01-A Sec 03
$399,000 $183 3 bd / 2 ba 2,179 sqft , 2026-04-03
15308 Cadoz Dr
Willow Run Sec 01
$399,000 $212 3 bd / 3 ba 1,878 sqft , 2026-05-20

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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