Active Listing  ·  169 days on market

7301 Marywood Cir

Austin, TX 78723
$500,000
5 Bed 3 Bath 2,690 sqft $186/sqft Built 1968 0.23 acres Pool University Hills Sec 04 Ph 04

Welcome to this Home featuring 5 Bedrooms plus an office! One bedroom on main level with primary bedroom plus three additional bedrooms upstairs. This is an updated and refreshed home tucked in a convenient neighborhood with shopping & restaurants at nearby Mueller and easy access to both Hwy 290 & Hwy 183. Recent updates give this home a clean, modern feel while maintaining warmth and comfort throughout.

Step inside to find a freshly repainted interior and new engineered wood flooring throughout the home, creating a seamless, stylish look from room to room. A converted garage now offers a large den for family fun or children's hang-out and allows easy access to an indoor utility closet. The office/flex room is located behind the kitchen and could also be used as a second dining room. The updates continue outside with the exterior shutters & paint refresh enhancing the home’s curb appeal.

The outdoor spaces have also been improved with extensive new landscaping and decorative rock work in both the front and backyard, providing a low-maintenance and attractive setting for relaxing or entertaining. Sections of the backyard privacy fence have been replaced, offering added privacy and peace of mind around the entire back yard and back patio with the additional feature of a storage shed.

Features include a storage shed and a kitchen refrigerator that will convey with the sale.

This move-in-ready home combines recent updates, functional living spaces, thoughtful outdoor improvements, and location — making it a wonderful opportunity in Austin.

Previous buyer had to back out of their contract due to a personal family event. Please text the listing agent to confirm all showings. House sq footage 2144 plus 546 sq ft garage converted to a den/family room. Information deemed reliable but not guaranteed. Buyer & Buyer representatives must independently verify all information.

At $186/sqft, this home is 53% 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

7301 Marywood Cir, Austin, TX 78723

Property Details

Price $500,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,690 sqft
Lot Size 0.23 acres (9,918.61 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision University Hills Sec 04 Ph 04
County Travis
Zip Code 78723
$/sqft $186/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,642.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220485234
List Date March 6, 2026
Elementary School Andrews
Middle School Pearce Middle
High School Lyndon B Johnson (Austin ISD)
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 · March 6, 2026 $595,000
Previous ask $520,000
Current ask $500,000
Reduced $95,000 (-16.0%) 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
1708 Raven Dr
Creekside
$500,000 $253 4 bd / 3 ba 1,980 sqft , 2026-06-18
7102 Fred Morse Dr
Vintage Hills Sec 02
$495,000 $227 4 bd / 3 ba 2,184 sqft , 2026-08-18
6210 Haney Dr
Windsor Park 02 Sec 04
$515,000 $263 4 bd / 2 ba 1,960 sqft , 2026-06-13
6205 Hylawn Dr
Cherrylawn Sec 5
$525,000 $265 4 bd / 3 ba 1,984 sqft , 2026-03-24
3100 Lynridge Dr
Vintage Hills Sec 04
$539,000 $255 5 bd / 2 ba 2,111 sqft , 2026-04-10

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 13, 2026.

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