Active Listing  ·  27 days on market

7500 Rio Pass

Austin, TX 78724
$479,000
5 Bed 3 Bath 2,085 sqft $230/sqft Built 1979 0.21 acres Pool EAST CENTRAL AREA

Welcome to 7500 Rio Pass, a stunningly remodeled home offering modern design, flexible living, and exceptional outdoor space. Fully remodeled from top to bottom, this turnkey property features an open-concept floor plan, vaulted ceilings, and a beautiful fireplace that creates a warm and inviting focal point. The bright white kitchen is a showstopper, featuring sleek cabinetry, modern finishes, and waterfall-edge islands perfect for entertaining. The home offers two generously sized primary suites, providing flexibility for multi-generational living, guests, roommates, or a private retreat. Step outside and enjoy two large outdoor patios, creating multiple spaces for dining, entertaining, or relaxing. A separate ADU adds even more versatility—ideal for a guest house, private office, gym, studio, or additional living space. Major systems have also been updated, including a newer roof, HVAC, plumbing, and electrical, giving buyers peace of mind while enjoying the style of a complete renovation. Conveniently located with easy access to downtown Austin, major highways, dining, entertainment, and East Austin hotspots, this property delivers the best of modern living with incredible flexibility.

At $230/sqft, this home is 41% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7500 Rio Pass, Austin, TX 78724

Property Details

Price $479,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,085 sqft
Lot Size 0.21 acres (9,282.64 sqft)
Year Built 1979
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision EAST CENTRAL AREA
County Travis
Zip Code 78724
$/sqft $230/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,325.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244903610
List Date August 27, 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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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
7102 Fred Morse Dr
Vintage Hills Sec 02
$475,000 $217 4 bd / 3 ba 2,184 sqft , 2026-08-18
3017 Val Dr
Vintage Hills Sec 04
$475,000 $226 4 bd / 2 ba 2,100 sqft , 2026-09-04
7404 Gunnison Pass
Las Cimas Sec 01
$474,900 $318 4 bd / 3 ba 1,494 sqft , 2026-07-31
5800 Coolbrook Dr
Crystalbrook Sec 01
$460,000 $201 4 bd / 2 ba 2,290 sqft , 2026-07-31
5209 Purple Sage Dr
LAS CIMAS SEC 1
$509,000 $232 5 bd / 5 ba 2,192 sqft , 2026-07-13

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 September 16, 2026.

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