Active Listing  ·  12 days on market

6905 Drexel Dr

Austin, TX 78723
$725,000
5 Bed 4 Bath 2,300 sqft $315/sqft Built 1968 0.22 acres 2-Car Garage Pool Dunbarton Oaks

This beautifully updated 5-bedroom, 3.5-bathroom home offers comfortable living and exceptional outdoor entertaining. Thoughtfully updated throughout, this spacious home combines modern finishes with a functional layout designed for everyday living and hosting. Step outside to your own private backyard retreat featuring an inviting in-ground pool, wood privacy fence, and a large covered patio—perfect for relaxing, dining, and enjoying Austin’s outdoor lifestyle. With five bedrooms and 3.5 bathrooms, there is plenty of space for family, guests, a home office, or flexible living arrangements. Conveniently located in the University Hills neighborhood, this move-in-ready home offers the space, updates, and outdoor amenities you've been looking for. Don't miss the opportunity to make this exceptional property your own!

At $315/sqft, this home is 20% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6905 Drexel Dr, Austin, TX 78723

Property Details

Price $725,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,300 sqft
Lot Size 0.22 acres (9,604.98 sqft)
Year Built 1968
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Dunbarton Oaks
County Travis
Zip Code 78723
$/sqft $315/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,409.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246537427
List Date September 11, 2026
Elementary School Andrews
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.

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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
3305 Hycreek Dr
Cherrylawn Sec 06
$720,000 $319 4 bd / 4 ba 2,254 sqft , 2026-06-25
6313 Bristol Cir #1
Highlands/University Hills
$700,000 $326 4 bd / 4 ba 2,150 sqft , 2026-08-19
2112 Vanderbilt Ln
University Hills Sec 01
$699,000 $323 5 bd / 4 ba 2,162 sqft , 2026-08-26
2600 Rogge Ln
Royal Oak Estates Sec 02
$695,000 $251 5 bd / 3 ba 2,770 sqft , 2026-08-07
6708 Notre Dame Dr
University Hills Sec 01
$759,000 $338 5 bd / 3 ba 2,245 sqft , 2026-08-28

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 September 12, 2026.

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