About This Home

*Seller Concession: $5K towards closing cost* Welcome to 7204 Tower Oaks Dr., a beautifully remodeled home in South Austin! This thoughtfully updated property features a bright, open-concept layout with new flooring and fresh interior and exterior paint throughout. The kitchen has been completely transformed with new cabinetry, quartz countertops, modern finishes, and brand-new appliances. Both bathrooms have been fully remodeled with stylish, contemporary selections. A brand-new roof completes the extensive list of improvements. Conveniently located in Austin’s desirable 78745 area, this move-in-ready home offers modern comfort, functionality, and style. Full remodel includes: bathrooms, quartz countertops, cabinets, appliances, paint- interior and exterior, open layout, floors, roof, HVAC system installed in 2023 and a water heater replaced in 2025.

At $394/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,455 active listings. View Austin market report →

Location

7204 Towering Oaks Dr, Austin, TX 78745

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Property Details

Price $557,750

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,417 sqft

Lot Size 0.18 acres (7,980.19 sqft)

Year Built 1975

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Whispering Oaks 04

County Travis

Zip Code 78745

$/sqft $394/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $10,597.62

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT247001058

List Date September 17, 2026

Elementary School Cunningham

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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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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 · September 17, 2026 $575,000

Current ask $557,750

▼ Reduced $17,250 (-3.0%) 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

7001 Watchwood Dr
Whispering Oaks 04 $565,000 $429 3 bd / 2 ba 1,316 sqft , 2026-09-04

6108 Bridlington Cir
Cherry Creek Ph 06 Sec 02 Amd $550,000 $354 3 bd / 2 ba 1,552 sqft , 2026-04-10

2802 Leeds Cv
CHERRY CREEK PHS VI SEC 2 AMENDED $550,000 $384 3 bd / 2 ba 1,434 sqft , 2026-07-17

7900 Finch Trl
Cherry Creek Ph 08 Sec 03 $549,900 $363 3 bd / 2 ba 1,515 sqft , 2026-06-04

2400 Broken Oak Dr
Cherry Creek Ph 07 Sec 02 $549,000 $376 3 bd / 2 ba 1,459 sqft , 2026-08-20

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

$2,677/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

$111,550

20% conventional investment loan

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

Estimated Gross Rent+$2,677

Principal + Interest−$3,044

Property Tax (~2.1% TX avg)−$976

Insurance (~0.5%)−$232

Est. Monthly Cash Flow $-1,575

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

About the Author

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 October 2, 2026.

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

7204 Towering Oaks Dr