Active Listing  ·  22 days on market

7404 Gunnison Pass

Austin, TX 78724
$485,000
4 Bed 3 Bath 1,494 sqft $325/sqft Built 1974 0.20 acres 2-Car Garage Pool Las Cimas Sec 01

Welcome to a beautifully updated 70's East Austin home where thoughtful design and inviting outdoor spaces come together. With 4 bedrooms, 2.5 baths, a two-car garage, and abundant natural light, the home offers plenty of room to live, work, and entertain. The open living and kitchen area is anchored by a sleek electric fireplace framed by a striking marble-look backdrop. In the kitchen, contemporary lighting, brushed-gold fixtures, marble-look stone countertops, and an eat-in dining area create a polished yet comfortable gathering space. A powder bath is conveniently accessible from the main living area, while a mudroom-style drop zone between the garage and utility room helps keep everyday essentials organized. The primary suite feels like a private retreat, complete with a custom-fitted closet, dual vanities with gold fixtures, and a walk-in shower featuring a rainfall showerhead. Three additional bedrooms can easily accommodate guests, home offices, or creative spaces. The beautifully landscaped backyard is already set up for enjoyment, featuring partial xeriscaping, two raised garden beds ready for planting, a gorgeous mature tree, and a deck with outdoor lighting for memorable evenings under the Texas sky.

At $325/sqft, this home is 17% 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

7404 Gunnison Pass, Austin, TX 78724

Property Details

Price $485,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,494 sqft
Lot Size 0.20 acres (8,799.12 sqft)
Year Built 1974
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Las Cimas Sec 01
County Travis
Zip Code 78724
$/sqft $325/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,998.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239841257
List Date July 31, 2026
Elementary School Jordan
Middle School Dobie (Austin ISD)
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.

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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 · July 31, 2026 $499,000
Current ask $485,000
Reduced $14,000 (-2.8%) 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
6905 Tulane Dr
Riverbend Sec 03c At University Hills
$499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01
5804 Whitebrook Dr
Crystalbrook Sec 01
$414,999 $313 3 bd / 2 ba 1,326 sqft , 2026-07-30
5710 Boulder Crk
Las Cimas Sec 02
$397,500 $357 3 bd / 2 ba 1,112 sqft , 2026-07-22
7209 Gunnison Pass
Las Cimas Sec 01
$395,000 $295 3 bd / 2 ba 1,337 sqft , 2026-07-11
7300 Lazy Creek Dr
Las Cimas Sec 01
$395,000 $317 3 bd / 2 ba 1,246 sqft , 2026-08-06

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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 13, 2026.

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