Active Listing  ·  7 days on market

7305 Waterline Rd

Austin, TX 78731
$1,095,000
4 Bed 3 Bath 2,565 sqft $427/sqft Built 1965 0.20 acres Pool Northwest Hills Mesa Oaks Ph

Wonderful opportunity in the heart of Northwest Hills on a coveted, tree-lined street. This charming 4-bedroom, 2.5-bath home sits on a flat .20-acre lot and offers the perfect blend of classic character and modern updates. Home boasts multiple living areas, wood floors downstairs, built-in bookshelves, ample storage and abundant natural light throughout. The spacious backyard is a true retreat, featuring beautiful landscaping, a covered patio, and a stock tank pool—perfect for entertaining and relaxing. Owner updates include kitchen backsplash, sink & faucet, laundry room enhancements with added sink and cabinetry, a manual backup generator interlock at the breaker panel and new AC coils and condenser (2024/2025). Enjoy a special neighborhood where kids play in the streets and neighbors celebrate the holidays together. Unbeatable location within walking distance to highly-rated Doss/Murchison schools plus nearby shopping, dining, HEB, etc. Pride in ownership shows, must see this gem! *Kitchen renderings included in attachments. Washer/Dryer do not convey*

At $427/sqft, this home is priced 9% 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

7305 Waterline Rd, Austin, TX 78731

Property Details

Price $1,095,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,565 sqft
Lot Size 0.20 acres (8,755.56 sqft)
Year Built 1965
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Northwest Hills Mesa Oaks Ph
County Travis
Zip Code 78731
$/sqft $427/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,473.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251600307
List Date November 5, 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
4324 Far West Blvd
Meadow Mountain 03
$1,125,000 $373 4 bd / 3 ba 3,013 sqft , 2024-12-06
4904 BACKTRAIL Dr
Cat Mountain North Sec 1-A
$1,014,000 $347 5 bd / 4 ba 2,924 sqft , 2026-10-27
7101 Sungate Dr
Highland Hills Northwest Sec 3
$1,199,000 $514 4 bd / 3 ba 2,334 sqft , 2026-09-04
3902 Knollwood Dr #A
Knollwood
$1,225,000 $454 4 bd / 2 ba 2,696 sqft , 2026-08-16
7103 Running Rope None
Highland Hills Northwest Sec 02
$1,295,000 $587 4 bd / 3 ba 2,206 sqft , 2026-11-03

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
$5,256/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
$219,000
20% conventional investment loan

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

Estimated Gross Rent+$5,256
Principal + Interest−$5,976
Property Tax (assumed ~2.1%)−$1,916
Insurance (assumed ~0.5%)−$456
Est. Monthly Cash Flow $-3,092

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 9, 2026.

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

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