Active Listing  ·  181 days on market

7611 Oak Hedge Pl

Austin, TX 78745
$583,000
3 Bed 2 Bath 1,403 sqft $416/sqft Built 1956 0.52 acres 2-Car Garage Pool Elmwood Estates

Set under a canopy of mature trees on just over half an acre, this three bedroom, two bath home sits in one of South Austin's quieter pockets. The lot is the first thing you notice. The lot, a little over half an acre, is uncommon anywhere this close to town, and the Live Oak at the center of it, is one of the largest and finest you'll find in the area. The yard is landscaped and open. The patio off the back allows for an outdoor lounge under the canopy, enjoyable year-round. There's room here to entertain, to garden, to build more or add on if you'd like.

The original hardwood floors are still in place, and a neutral palette with recessed lighting keeps the rooms bright without erasing the character of the house. The kitchen anchors the living space, featuring granite counters, custom cabinetry, stainless appliances, and a breakfast bar. A 7' x 14' primary bathroom was added, giving the house a comfort that homes of this vintage rarely have. The systems have been brought current as well, including HVAC, electrical, and windows, so there's nothing left to sort out before you move in.

The location does a lot of quiet work. South Congress and its shops and restaurants are a few minutes away, and the Violet Crown Trail and Mary Moore Searight Park are close enough to become part of a normal weekend. HEB and Sprouts are both an easy errand and the local restaurants are plentiful. Downtown is about fifteen minutes, and the airport about twenty. This part of South Austin has been evolving in exciting ways, and it isn't finished yet.

A renovated home on half an acre, private and this close in, is a combination that doesn't come along often.

At $416/sqft, this home is priced 6% 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

7611 Oak Hedge Pl, Austin, TX 78745

Property Details

Price $583,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,403 sqft
Lot Size 0.52 acres (22,760.1 sqft)
Year Built 1956
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elmwood Estates
County Travis
Zip Code 78745
$/sqft $416/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,875.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220381974
List Date February 24, 2026
Elementary School Casey
Middle School Bedichek
High School Akins
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 · February 24, 2026 $579,000
Previous ask $593,000
Current ask $583,000
Increased $4,000 (+0.7%) 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
6507 Pevensey Dr
Buckingham Place Sec 03
$585,000 $361 3 bd / 2 ba 1,622 sqft , 2026-07-17
415 Baldridge Dr
Beaconridge 03
$585,000 $375 3 bd / 2 ba 1,560 sqft , 2026-07-14
2400 Broken Oak Dr
Cherry Creek Ph 07 Sec 02
$574,900 $394 3 bd / 2 ba 1,459 sqft , 2026-08-20
7336 Gaines Mill Ln
Southwest Oaks
$599,000 $326 3 bd / 3 ba 1,836 sqft , 2026-07-31
1111 Spearson Ln
Cooper Oaks Sec 02
$559,998 $330 4 bd / 2 ba 1,695 sqft , 2026-08-13

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
$2,798/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
$116,600
20% conventional investment loan

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

Estimated Gross Rent+$2,798
Principal + Interest−$3,182
Property Tax (~2.1% TX avg)−$1,020
Insurance (~0.5%)−$243
Est. Monthly Cash Flow $-1,647

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 8, 2026.

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