Active Listing  ·  34 days on market

7001 Watchwood Dr

Austin, TX 78745
$565,000
3 Bed 2 Bath 1,316 sqft $429/sqft Built 1975 0.20 acres 2-Car Garage Pool Whispering Oaks 04

Welcome to beautifully reimagined South Austin living at 7001 Watchwood Dr! This thoughtfully updated 3-bedroom, 2-bath home with new roof (2026) blends timeless style with fresh, modern finishes in an exceptionally convenient location. From the moment you step inside, a light and inviting atmosphere unfolds, complemented by designer inspired color choices for both interior and exterior paint and gorgeous hazelnut oak waterproof flooring flowing throughout the home.

The heart of the home is the stunning, completely refreshed kitchen, where elegant Taj Mahal quartz countertops pair beautifully with crisp and modern white oak slim shaker cabinetry for a sophisticated yet warm aesthetic. New fixtures and finishes throughout add to the home’s polished, cohesive feel, creating a space that is as beautiful as it is functional.

Step outside to enjoy the fenced backyard and the convenience of additional front parking. Ideally positioned in South Austin, this home places you within easy reach of Mopac and I-35, William Cannon, Downtown Austin, and some of the city’s most beloved outdoor destinations, including Zilker Park and Barton Springs. Enjoy the vibrant energy, eclectic dining, shopping, entertainment, and outdoor lifestyle that make Austin so special—all while coming home to a beautifully refreshed retreat.

Stylish, inviting, and move-in ready, this is a wonderful opportunity to experience the best of South Austin living in a home where every detail has been thoughtfully imagined.

At $429/sqft, this home is priced 9% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

7001 Watchwood Dr, Austin, TX 78745

Property Details

Price $565,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,316 sqft
Lot Size 0.20 acres (8,873.17 sqft)
Year Built 1975
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Whispering Oaks 04
County Travis
Zip Code 78745
$/sqft $429/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,241.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245398750
List Date September 4, 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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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 · September 4, 2026 $585,000
Current ask $565,000
▼ Reduced $20,000 (-3.4%) 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
8102 Fort Sumter Rd
Shiloh Ph 04 Sec 01
$569,000 $453 3 bd / 2 ba 1,257 sqft , 2026-08-01
2013 Southern Oaks Dr
Fairmont Park Sec 1
$569,900 $375 3 bd / 2 ba 1,520 sqft , 2026-07-24
7204 Towering Oaks Dr
Whispering Oaks 04
$557,750 $394 3 bd / 2 ba 1,417 sqft , 2026-09-17
7912 Finch Trl
Cherry Creek
$575,000 $332 4 bd / 3 ba 1,734 sqft , 2026-08-10
6108 Bridlington Cir
Cherry Creek Ph 06 Sec 02 Amd
$550,000 $354 3 bd / 2 ba 1,552 sqft , 2026-04-10

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
$2,712/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
$113,000
20% conventional investment loan

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

Estimated Gross Rent+$2,712
Principal + Interest−$3,083
Property Tax (~2.1% TX avg)−$989
Insurance (~0.5%)−$235
Est. Monthly Cash Flow $-1,595

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 27, 2026.

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