Active Listing  ·  9 days on market

7103 Running Rope None

Austin, TX 78731
$1,295,000
4 Bed 3 Bath 2,206 sqft $587/sqft Built 1967 0.26 acres 2-Car Garage Pool Highland Hills Northwest Sec 02

Beautifully Updated One-Story Home in Highland Hills, Northwest HillsWelcome to this thoughtfully renovated ranch-style residence in the established Highland Hills Northwest neighborhood. Offering approximately 2,206 square feet of living space, the home features 4 bedrooms and 3 bathrooms on a level 0.26-acre lot framed by mature trees.Modern finishes blend seamlessly with the classic charm of a Northwest Hills ranch, creating a move-in-ready home that feels both updated and timeless. The private backyard provides a peaceful outdoor retreat perfect for everyday living or entertaining.Ideally located just off Far West Boulevard and Mesa Drive, the property sits near Doss Elementary, Murchison Middle School, and the Dell JCC. Anderson High School, the library, coffee shops, grocery stores, The Domain, and the Arboretum are all conveniently nearby—offering easy access to shopping, dining, and major thoroughfares while remaining in a quiet residential setting. Zoned to highly regarded Austin ISD schools.A move-in ready opportunity in a desirable, established Northwest Hills neighborhood close to central Austin amenities.

At $587/sqft, this home is priced 51% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

7103 Running Rope None, Austin, TX 78731

Property Details

Price $1,295,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,206 sqft
Lot Size 0.26 acres (11,325.6 sqft)
Year Built 1967
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Hills Northwest Sec 02
County Travis
Zip Code 78731
$/sqft $587/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,908
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250928716
List Date November 3, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
School District Austin ISD

Austin ISD

Doss (Austin ISD) · Murchison · Anderson

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
6004 Mount Bonnell Rd
Cat Mountain Villas Sec 02-A
$1,350,000 $460 3 bd / 3 ba 2,934 sqft , 2026-06-26
3902 Knollwood Dr #A
Knollwood
$1,225,000 $454 4 bd / 2 ba 2,696 sqft , 2026-08-16
7704 Bramblewood Cir
Green Trails Estates Resub
$1,379,000 $470 4 bd / 3 ba 2,934 sqft , 2026-08-21
7101 Sungate Dr
Highland Hills Northwest Sec 3
$1,199,000 $514 4 bd / 3 ba 2,334 sqft , 2026-09-04
7305 Waterline Rd
Northwest Hills Mesa Oaks Ph
$1,095,000 $427 4 bd / 3 ba 2,565 sqft , 2026-11-05

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
$6,216/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
$259,000
20% conventional investment loan

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

Estimated Gross Rent+$6,216
Principal + Interest−$7,067
Property Tax (assumed ~2.1%)−$2,266
Insurance (assumed ~0.5%)−$540
Est. Monthly Cash Flow $-3,657

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 November 7, 2026.

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

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