Active Listing  ·  25 days on market

6913 Shannon Dr

Austin, TX 78724
$309,000
3 Bed 1 Bath 1,524 sqft $203/sqft Built 1980 0.13 acres 1-Car Garage Pool COLONY PARK SEC 1 PHS 4 A

Welcome to 6913 Shannon Drive—an extensively remodeled, move-in ready home in the established Colony Park neighborhood.

This inviting 3-bedroom, 2-bath home offers a bright and open layout with soaring cathedral ceilings, a cozy fireplace, and a spacious main living area perfect for everyday living and entertaining. Thoughtful updates throughout include a new roof, siding, energy-efficient double-pane windows, updated cabinetry, granite countertops, fresh paint, modern fixtures, custom tile, and durable vinyl plank flooring—completely carpet-free for easy maintenance.

Step outside to enjoy a private backyard with a large deck just off the living room, creating the perfect space for gatherings or relaxing evenings. The property also features a generous lot with mature trees and plenty of outdoor potential.

Conveniently located with quick access to 183 and 290, and just minutes from East Austin hotspots, major employers, and downtown. CapMetro bus stops are nearby, making commuting even more accessible.

Buyer Opportunity: Bring all offers! This home may qualify for $0 down payment programs (buyer qualification required)—contact for details.

A fantastic opportunity to own a beautifully updated home in a growing Austin location.

At $203/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

6913 Shannon Dr, Austin, TX 78724

Property Details

Price $309,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,524 sqft
Lot Size 0.13 acres (5,863.18 sqft)
Year Built 1980
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision COLONY PARK SEC 1 PHS 4 A
County Travis
Zip Code 78724
$/sqft $203/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239434030
List Date July 10, 2026
Elementary School Jordan
Middle School Dobie (Austin ISD)
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
6713 West Gate Blvd #A
6713 West Gate Boulevard Condo
$309,000 $302 3 bd / 2 ba 1,024 sqft , 2026-04-24
1600 Airedale Rd #2601
Smithfield Condos Bldg 26
$309,000 $176 3 bd / 3 ba 1,753 sqft , 2026-06-05
8404 Maine Dr
Colony North Sec 02
$309,000 $250 4 bd / 1 ba 1,235 sqft , 2026-08-03
1910 Robbins Pl #301
Robbins Place Condo Amd
$309,500 $303 2 bd / 2 ba 1,020 sqft , 2025-11-18
4703 Dorchester Heights Ln
Colonial Place Amd
$309,900 $165 3 bd / 2 ba 1,877 sqft , 2026-04-18

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
$1,483/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
$61,800
20% conventional investment loan

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

Estimated Gross Rent+$1,483
Principal + Interest−$1,686
Property Tax (~2.1% TX avg)−$541
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-873

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →