Active Listing  ·  19 days on market

7505 Stepdown Cv

Austin, TX 78731
$1,499,500
4 Bed 3 Bath 3,756 sqft $399/sqft Built 1982 0.28 acres 2-Car Garage Pool Vista West 02

Welcome to 7505 Stepdown Cove, a spacious Northwest Hills home tucked on a quiet cul-de-sac. The distinctive reverse floor plan places the main living and entertaining spaces upstairs, creating an elevated setting filled with natural light, while offering separation and flexibility throughout the home. Featuring four bedrooms, three full bathrooms, multiple living areas, stainless steel appliances and double ovens, the layout provides plenty of room to gather, work or unwind. Two sunrooms offer additional versatile space beyond the home’s stated square footage and could serve as an office, playroom, fitness area or relaxing retreat. Situated on a 0.28-acre lot, the home also features a roof replaced in 2023 and feeds to Doss Elementary.

At $399/sqft, this home is priced 2% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

7505 Stepdown Cv, Austin, TX 78731

Property Details

Price $1,499,500
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,756 sqft
Lot Size 0.28 acres (12,340.55 sqft)
Year Built 1982
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vista West 02
County Travis
Zip Code 78731
$/sqft $399/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $22,820.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242201553
List Date September 3, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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
7704 Bramblewood Cir
Green Trails Estates Resub
$1,467,000 $500 4 bd / 3 ba 2,934 sqft , 2026-08-21
7807 Chimney Cors
Green Trails Estates Resub
$1,575,000 $499 4 bd / 4 ba 3,156 sqft , 2026-09-02
7802 Shadyrock Dr
Northwest Hills Mesa Oaks Ph 5-B
$1,595,000 $377 4 bd / 4 ba 4,233 sqft , 2026-05-20
4014 Greystone Dr
Northwest Hills Mesa Oaks Ph
$1,595,000 $458 5 bd / 4 ba 3,484 sqft , 2026-08-27
5000 Valburn Ct
Northwest Hills
$1,599,000 $415 4 bd / 3 ba 3,849 sqft , 2026-09-01

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
$7,198/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
$299,900
20% conventional investment loan

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

Estimated Gross Rent+$7,198
Principal + Interest−$8,183
Property Tax (~2.1% TX avg)−$2,624
Insurance (~0.5%)−$625
Est. Monthly Cash Flow $-4,234

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 22, 2026.

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