Active Listing  ·  17 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

Introducing 7011 Thannas Way! Nestled in the Meadow Lakes subdivision of Southeast Austin, this delightful 2-story home spans 1,512 square feet and boasts 4 bedrooms, 2.5 bathrooms, and a 2-car garage. Ideal for families, first-time buyers, and those working from home, its welcoming ambiance invites you into a spacious living area, complemented by a well-appointed kitchen and dining space. Step outside to discover a generous backyard oasis complete with a patio and privacy fence, offering serenity and seclusion with no rear neighbors. Conveniently situated just 8 miles from downtown Austin, and within 3 miles of Jimmy Clay & Roy Kizer golf courses, and McKinney State Park, this location offers a plethora of recreational opportunities from swimming to hiking, fishing, and camping. Plus, with easy access to I35 and HWY71, as well as proximity to shopping, dining, universities, TESLA, ABIA Airport, and the Moody Center, convenience is at your doorstep. Recent upgrades include white oak luxury vinyl plank flooring, interior and exterior paint, outdoor AC unit, new fence, quartz countertops in the kitchen and bathrooms, and replaced roof. Don’t miss this rare opportunity to own a move-in-ready home with ample space, upgrades, and a prime location!

At $215/sqft, this home is 45% below the Austin active market average of $393/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 ,

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
5700 Limerock Holw
Village Square
$330,000 $260 3 bd / 2 ba 1,269 sqft , 2026-08-29
6807 Trendal Ln
South Creek South Sec 02 Amd
$315,000 $208 4 bd / 2 ba 1,516 sqft , 2025-05-02
7504 Redrick Dr
Springfield Ph B Sec 02
$315,000 $181 3 bd / 3 ba 1,736 sqft , 2026-04-16
5000 Fontenay Dr
Nuckles Crossing Sec 02
$315,000 $210 4 bd / 2 ba 1,503 sqft , 2026-08-06
5702 Palo Blanco Ln #A
Peppertree Park Sec 03
$339,000 $194 4 bd / 2 ba 1,744 sqft , 2026-07-15

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 (20% down · 7.25% rate)

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~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 · 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 10, 2026.

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