Active Listing  ·  90 days on market

6913 Shannon Dr

Austin, TX 78724
$289,999
3 Bed 1 Bath 1,524 sqft $190/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 $190/sqft, this home is 52% below the Austin active market average of $392/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 $289,999
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 $190/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 →

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 · July 10, 2026 $309,000
Current ask $289,999
▼ Reduced $19,001 (-6.1%) 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
7004 Craybrough Cir
Colony Park Sec 01 Ph 01
$298,000 $248 4 bd / 3 ba 1,200 sqft , 2026-08-21
5613 Signal Pt
Meadows At Trinity Crossing Ph
$275,000 $255 3 bd / 2 ba 1,080 sqft , 2026-05-24
5410 Burgundy Dr
Northridge Park Sec 01
$275,000 $268 3 bd / 2 ba 1,025 sqft , 2026-08-06
5806 Whitebrook Dr
Crystalbrook Sec 01
$315,000 $198 3 bd / 2 ba 1,594 sqft , 2026-08-26
5728 Pinon Vista Dr
Meadows At Trinity Crossing Ph
$315,337 $248 3 bd / 2 ba 1,269 sqft , 2026-05-14

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
$1,392/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
$58,000
20% conventional investment loan

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

Estimated Gross Rent+$1,392
Principal + Interest−$1,583
Property Tax (~2.1% TX avg)−$507
Insurance (~0.5%)−$121
Est. Monthly Cash Flow $-819

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 →
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 4, 2026.

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