Active Listing  ·  361 days on market

7002 Whispering Oaks Dr

Austin, TX 78745
$750,000
5 Bed 4 Bath 2,216 sqft $338/sqft Built 1970 0.19 acres 2-Car Garage Pool Whispering Oaks 01

Located in the heart of South Central Austin, 7002 Whispering Oaks Dr. offers a blend of modern updates, thoughtful design, and multi-generational living or income potential with two detached studio apartments and a total of 2,216 living square feet—all wrapped in South Austin charm.

Fully remodeled and move-in ready, this 1,696 sq ft home features three bedrooms, two bathrooms, and comes fully furnished. Major updates include new electrical and plumbing systems, a new roof, Rheem HVAC, and water heater—providing peace of mind for years to come.

Step inside to an airy open floor plan with light wood floors and abundant natural light. A stylish tile fireplace anchors the living room, while the adjacent kitchen offers the perfect balance of form and function with stainless steel appliances, mixed-tone cabinetry, and a marble island that doubles as a breakfast bar and gathering space. The primary suite continues the cozy-yet-elegant vibe with its own fireplace and an ensuite bath featuring dual sinks and a walk-in shower.

But the real bonus...? Two detached studio apartments—each 260 sq ft and fully furnished—tucked privately behind the main home. With their own bathrooms, kitchenettes, stackable washer/dryer hookups, and convertible twin-to-king beds, these ADUs are ideal for guests, family, or short/long-term rentals.

Stone pathways lead to the studios, set within a fenced backyard for added privacy. There is currently a long-term corporate rental in place through February 2026 at $6,000 per month. Combined, the main home and studios offer projected income potential of up to $7,400/month, making this not just a beautiful home, but a smart investment.

Whether you're looking for a stylish South Austin home, a turnkey rental opportunity, or both—this property delivers.

At $338/sqft, this home is 14% 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

7002 Whispering Oaks Dr, Austin, TX 78745

Property Details

Price $750,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 2,216 sqft
Lot Size 0.19 acres (8,455 sqft)
Year Built 1970
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Whispering Oaks 01
County Travis
Zip Code 78745
$/sqft $338/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT203743464
List Date August 8, 2025
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.

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 · August 8, 2025 $775,000
Current ask $750,000
Reduced $25,000 (-3.2%) 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
5305 Ledesma Rd #1
0
$750,000 $313 4 bd / 4 ba 2,400 sqft , 2026-04-29
3602 Serena Woods Ct
Serena Woods
$750,000 $413 4 bd / 2 ba 1,816 sqft , 2026-07-03
5014 W Frances Pl
Highland Village Sec 02 Pt 01
$750,000 $373 4 bd / 3 ba 2,013 sqft , 2026-07-30
513 W Odell St #A
Silverton Heights
$749,900 $453 4 bd / 3 ba 1,656 sqft , 2026-06-26
11309 Pachea Trl
Canyon Creek Sec 19B
$749,900 $251 5 bd / 3 ba 2,983 sqft , 2026-03-25

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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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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