Active Listing  ·  68 days on market

7011 Thannas Way

Austin, TX 78744
$325,000
4 Bed 3 Bath 1,512 sqft $215/sqft Built 2005 0.09 acres 2-Car Garage Pool Meadow Lake Ph 01 02

**BUYER INCENTIVES AVAILABLE! Buyer Advantage Credit of up to $15,000 PLUS a preferred-lender incentive of up to 1.5% of the loan amount!** The $15,000 credit may be applied toward a **sales price reduction, allowable seller concessions, an interest-rate buydown, or a combination of these options.** Qualified buyers who finance through the seller’s preferred lender may also receive a **lender credit up to 1.5% of the loan amount** toward closing costs, an interest-rate buydown, or other allowable expenses. Preferred-lender incentive is subject to loan approval, eligibility, and lender guidelines. Contact listing agent for details.

**Introducing 7011 Thannas Way, offered at $325,000!** Nestled in the Meadow Lakes subdivision of Southeast Austin, this delightful 2-story home offers 1,512 square feet with 4 bedrooms, 2.5 bathrooms, and a 2-car garage. Ideal for families, first-time buyers, or those needing additional space, the home welcomes you into a spacious living area complemented by a well-appointed kitchen and dining space.

Step outside to a generous backyard with a patio and privacy fence, providing additional privacy with **no rear neighbors**. Recent upgrades include **white oak luxury vinyl plank flooring, quartz countertops in the kitchen and bathrooms, interior and exterior paint, replaced outdoor AC unit, replaced roof, and new fencing around the backyard.**

Conveniently located approximately 8 miles from downtown Austin and within 3 miles of Jimmy Clay and Roy Kizer golf courses and McKinney Falls State Park, you'll have easy access to swimming, hiking, fishing, camping, and more. The home is also conveniently located near I-35 and Hwy 71, shopping, dining, universities, Tesla, Austin-Bergstrom International Airport, and the Moody Center.

**Move-in ready, thoughtfully updated, and offering buyer incentives that can help make homeownership more affordable—7011 Thannas Way is an opportunity you won't want to miss!**

At $215/sqft, this home is 45% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7011 Thannas Way, Austin, TX 78744

Property Details

Price $325,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,512 sqft
Lot Size 0.09 acres (3,998.81 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meadow Lake Ph 01 02
County Travis
Zip Code 78744
$/sqft $215/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,795.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245969807
List Date September 5, 2026
Elementary School Langford
Middle School Mendez
High School Akins
School District Austin ISD

Austin ISD

Langford · Mendez · Akins

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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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
7317 Marble Ridge Dr
Springfield Ph B Sec 02
$320,000 $223 3 bd / 2 ba 1,433 sqft , 2026-09-24
5700 Limerock Holw
Village Square
$330,000 $260 3 bd / 2 ba 1,269 sqft , 2026-08-29
6203 Turtle Dove Dr
Dove Spgs Ph 03
$319,000 $249 3 bd / 2 ba 1,282 sqft , 2026-10-29
5000 Fontenay Dr
Nuckles Crossing Sec 02
$310,000 $206 4 bd / 2 ba 1,503 sqft , 2026-08-06
5005 Creek Bend Dr
Creek Bend Sec 01
$302,000 $231 4 bd / 1 ba 1,308 sqft , 2026-07-03

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (assumed ~2.1%)−$569
Insurance (assumed ~0.5%)−$135
Est. Monthly Cash Flow $-918

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 · 41 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. The written content was last updated on September 27, 2026.

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

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