Active Listing  ·  54 days on market

7224 Tanaqua Ln

Austin, TX 78739
$845,000
4 Bed 2 Bath 2,726 sqft $310/sqft Built 2005 0.22 acres 2-Car Garage Pool Hielscher Sec 13

Single-story homes are hard to come by in Circle C, and this one backs right up to a greenbelt, giving you a peaceful, private backyard that's tough to beat. Sitting on a 0.224 acre lot, this 4 bedroom, 2 bath, 2,726 sq ft home has been thoughtfully updated and is truly move-in ready.

Step inside to find fresh paint throughout and luxury vinyl plank flooring (June 2026) replacing the old carpeted areas, giving the home a clean, updated feel from room to room. The kitchen features a built in oven, microwave, and dishwasher (June 2026), plus a gas cooktop, generous island, and breakfast bar for casual seating. It flows nicely into a cozy breakfast nook as well as a separate formal dining area, perfect for entertaining or everyday family meals. A dedicated study offers flexible space for working from home, a playroom, or a quiet reading nook.

The big ticket items are already done for you: roof (2025), AC (2025), water heater (2025), and back fence (2026) enclosing the spacious, private backyard.

Located in the highly sought after Circle C neighborhood, residents enjoy access to 4 community pools (including a year round lap pool), 6 playscapes, parks, sport courts, and miles of greenbelt trails. Zoned to Clayton Elementary, Gorzycki Middle School, and Bowie High School, all highly regarded Austin ISD campuses.

With major systems updated and stylish finishes throughout, this one is ready for its next owner to simply move in and enjoy.

At $310/sqft, this home is 21% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7224 Tanaqua Ln, Austin, TX 78739

Property Details

Price $845,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,726 sqft
Lot Size 0.22 acres (9,740.02 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hielscher Sec 13
County Travis
Zip Code 78739
$/sqft $310/sqft
Days on Market ,
HOA $529/Semi-Annually
Annual Tax Est. $15,801.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236841443
List Date July 1, 2026
Elementary School Clayton
Middle School Gorzycki
High School Bowie
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 1, 2026 $865,000
Current ask $845,000
Reduced $20,000 (-2.3%) 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
8017 Ladera Verde Dr
Alta Mira At Circle C Ranch
$809,900 $267 5 bd / 3 ba 3,036 sqft , 2026-08-05
10421 Hansa Dr
Hielscher Sec 07 (Circle C)
$800,000 $294 4 bd / 3 ba 2,721 sqft , 2026-06-26
11709 Via Grande Dr
Alta Mira Sec 1 At Circle C Ra
$760,000 $300 4 bd / 3 ba 2,531 sqft , 2026-08-14
11904 Quassia Dr
Meridian Sec A2 & B2
$745,990 $254 4 bd / 3 ba 2,932 sqft , 2026-07-24
8008 Ladera Verde Dr
Alta Mira Sec 1 At Circle C Ra
$949,900 $304 4 bd / 3 ba 3,124 sqft , 2026-07-23

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
$4,056/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
$169,000
20% conventional investment loan

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

Estimated Gross Rent+$4,056
Principal + Interest−$4,612
Property Tax (~2.1% TX avg)−$1,479
Insurance (~0.5%)−$352
Est. Monthly Cash Flow $-2,387

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 8, 2026.

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