Active Listing  ·  76 days on market

6616 Candle Ridge Cv

Austin, TX 78731
$900,000
3 Bed 3 Bath 2,447 sqft $368/sqft Built 1992 0.18 acres 2-Car Garage Pool Meadow Mountain 04

Incredible views are just the beginning! The home takes full advantage of the breathtaking views with large and numerous windows in most of the rooms, including the primary bedroom, which also has access to a large covered balcony. The home features 3 bedrooms, 2.5 bathrooms, and 2,447 sq ft of spacious living, including two dining areas, a large laundry room, and amazing storage areas.

The primary suite is located on the main level and features an ensuite bathroom with a double vanity, soaking tub, walk-in shower, and a huge walk-in closet custom designed by the Container Store. The main level also features a large living room/dining room combination, an eat-in kitchen that features excellent storage, granite counters, and stainless steel appliances, a half bathroom, and a laundry room. The downstairs features two large guest bedrooms, a full bathroom, and two huge storage rooms. HVAC was replaced in November 2025!

The home backs to a greenbelt in addition to the incredible views and a large covered balcony that is perfect for enjoying a meal, an evening chat, or your morning coffee. You'll also love the location - conveniently located near Far West Blvd, 360, and 2222, you're not far away from shopping, restaurants, and all that Austin has to offer.

At $368/sqft, this home is 6% 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

6616 Candle Ridge Cv, Austin, TX 78731

Property Details

Price $900,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,447 sqft
Lot Size 0.18 acres (7,697.05 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meadow Mountain 04
County Travis
Zip Code 78731
$/sqft $368/sqft
Days on Market ,
HOA $550/Annually
Annual Tax Est. $6,564
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222693741
List Date May 20, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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 →

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 · May 20, 2026 $1,000,000
Previous ask $950,000
Current ask $900,000
Reduced $100,000 (-10.0%) 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
3606 Wilson St
Cherry Hills
$900,000 $472 4 bd / 2 ba 1,906 sqft , 2026-03-13
411 W Live Oak St
Sheltons
$900,000 $506 3 bd / 2 ba 1,780 sqft , 2026-05-15
6001 Sierra Arbor Ct
Sierra Arbor Estates
$900,000 $309 4 bd / 3 ba 2,910 sqft , 2026-06-15
309 Franklin Blvd #2
Northfield Add
$900,000 $457 3 bd / 4 ba 1,971 sqft , 2026-03-24
2010 Kit Cir
Foxfield
$899,999 $306 4 bd / 5 ba 2,944 sqft , 2026-07-30

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
$4,320/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
$180,000
20% conventional investment loan

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

Estimated Gross Rent+$4,320
Principal + Interest−$4,912
Property Tax (~2.1% TX avg)−$1,575
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,542

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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