Active Listing  ·  26 days on market

7007 Fred Morse Dr

Austin, TX 78723
$625,000
4 Bed 3 Bath 2,048 sqft $305/sqft Built 1969 0.28 acres 2-Car Garage Pool Vintage Hills Sec 02

This beautifully updated home is situated on a private homesite in highly sought after Vintage Hills. This fully renovated gem blends modern style with everyday comfort in a convenient setting. The show stopping kitchen features quartz countertops, stylish backsplash and an open layout designed for entertaining. A striking modern stairway adds architectural flair, seamlessly connecting the beautifully updated levels. Upstairs, the owner's suite boasts a spacious bedroom and enormous bathroom - complete with double vanities, a soaking tub and a spacious walk-in shower that feels like your own private spa. An expanded walk-in closet offers all the storage you could ask for, making organization effortless. Outside, an ample sized deck overlooks a private backyard—perfect for morning coffee or unwinding after a long day. With fresh LVP flooring, a contemporary roof, and an unbeatable location near the city’s best dining, shopping, and entertainment, this home is the total package. Schedule your showing today!

At $305/sqft, this home is 22% 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

7007 Fred Morse Dr, Austin, TX 78723

Property Details

Price $625,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,048 sqft
Lot Size 0.28 acres (12,022.56 sqft)
Year Built 1969
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills Sec 02
County Travis
Zip Code 78723
$/sqft $305/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,272.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241488947
List Date July 28, 2026
Elementary School Winn
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.

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 28, 2026 $650,000
Current ask $625,000
Reduced $25,000 (-3.8%) 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
2105 Brunswick Dr
Windsor Park 02 Sec 02
$625,000 $416 3 bd / 2 ba 1,504 sqft , 2026-03-31
2703 Wheless Ln
Thomas Eldridge
$599,000 $426 3 bd / 1 ba 1,406 sqft , 2026-06-15
6414 Kenilworth Dr
Windsor Park 02 Sec 01
$575,000 $312 4 bd / 3 ba 1,843 sqft , 2026-04-14
5907 Thames Dr
Royal Oak Estates Sec 07
$569,999 $248 4 bd / 3 ba 2,303 sqft , 2026-07-14
6807 Roanoke Dr
University Hills Sec 02 Ph 05
$565,000 $401 3 bd / 2 ba 1,410 sqft , 2026-08-10

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (~2.1% TX avg)−$1,094
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 August 22, 2026.

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