Active Listing  ·  124 days on market

6701 Lancret Hill Dr

Austin, TX 78745
$529,000
4 Bed 2 Bath 1,888 sqft $280/sqft Built 1977 0.16 acres Pool Cherry Creek Ph 06 Sec 03

Beautifully updated home in desirable Cherry Creek! This thoughtfully designed single story layout features 4 beds and 2 full baths; the 4th bedroom is perfect for an office/studio/secondary living space. Home boasts great curb appeal, high-end finishes, a gourmet kitchen that flows into the living space anchored by a gas fireplace. Home also offers great indoor-outdoor living with a large covered deck and additional side patio, perfect for relaxing and entertaining. Owner improvements include: window coverings on yard-facing windows (top-down/bottom-up cellular shades), front and backyard irrigation system, fully remodeled primary bathroom with ceramic tile shower and marble-topped solid wood vanity, custom primary closet + additional storage/organization systems by California Closets, murphy bed, converted garage with split AC system, luxury vinyl plank flooring, new baseboards and a 7-foot privacy fence. Prime location in South Central Austin with easy access to tons of great restaurants/shops/entertainment + also near parks and trails. Impeccably maintained and truly move-in ready, this home represents the very best of 78745. Must see this gem!

At $280/sqft, this home is 28% 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

6701 Lancret Hill Dr, Austin, TX 78745

Property Details

Price $529,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,888 sqft
Lot Size 0.16 acres (7,126.42 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Ph 06 Sec 03
County Travis
Zip Code 78745
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,820.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224340360
List Date April 2, 2026
Elementary School Cunningham
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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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
10204 Andora Dr
Davis Spring Sec 03-B
$529,100 $225 4 bd / 2 ba 2,354 sqft , 2026-03-17
6407 Bradsher None #I
Sunnyvale
$529,999 $331 4 bd / 3 ba 1,599 sqft , 2026-07-07
3614 S 2nd St
Victorian Oaks
$530,000 $411 3 bd / 2 ba 1,290 sqft , 2026-03-12
6210 Haney Dr
Windsor Park 02 Sec 04
$530,000 $270 4 bd / 2 ba 1,960 sqft , 2026-06-13
12113 Black Angus Dr
Champions Forest
$530,000 $244 4 bd / 3 ba 2,174 sqft , 2026-05-22

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
$2,539/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
$105,800
20% conventional investment loan

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

Estimated Gross Rent+$2,539
Principal + Interest−$2,887
Property Tax (~2.1% TX avg)−$926
Insurance (~0.5%)−$220
Est. Monthly Cash Flow $-1,494

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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