Active Listing  ·  79 days on market

806 Philco Dr #2

Austin, TX 78745
$449,900
3 Bed 3 Bath 1,149 sqft $392/sqft Built 2018 0.10 acres Pool Greenwood Forest Sec 01

NO BANKS NEEDED. OWNER FINANCING AVAILABLE. AirBnB potential, STR allowed (buyer to verify).

Experience the best of South Austin living in this beautifully designed 3-bedroom, 2.5-bath home built in 2018 and BARELY lived in offers 1,149 square feet of bright, thoughtfully designed living space, this two-story home features an open-concept layout filled with natural light, warm wood and tile flooring, and seamless indoor-outdoor living. The inviting kitchen flows effortlessly into the living and dining areas, creating the perfect setting for everyday living and entertaining.

The main-level primary suite provides privacy and convenience, complete with exterior access and a well-designed layout. Upstairs, two additional bedrooms share a full bath, with one bedroom opening to a private terrace—ideal for a home office, creative studio, or relaxing outdoor retreat.

Outside, enjoy a fenced backyard shaded by a mature oak tree, offering plenty of space for pets, gardening, or gathering with friends and family. Located in one of Austin’s most desirable areas, this home is just minutes from South Congress, South Lamar, downtown Austin, local dining, shopping, hiking and biking trails, and major commuter routes including Hwy 290, Hwy 71, I-35, and MoPac.

At $392/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,662 active listings. View Austin market report →

Location

806 Philco Dr #2, Austin, TX 78745

Property Details

Price $449,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,149 sqft
Lot Size 0.10 acres (4,412.63 sqft)
Year Built 2018
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Forest Sec 01
County Travis
Zip Code 78745
$/sqft $392/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $7,574
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231773459
List Date June 6, 2026
Elementary School St Elmo
Middle School Bedichek
High School Travis
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.

Schedule a Call →

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 · June 6, 2026 $499,900
Previous ask $475,000
Current ask $449,900
Reduced $50,000 (-10.0%) 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
902 Emerald Wood Dr
Emerald Forest Sec 03
$450,000 $290 3 bd / 2 ba 1,551 sqft , 2026-04-18
5803 Eureka Dr
Oasis Village Sec 03
$450,000 $355 3 bd / 2 ba 1,269 sqft , 2026-07-03
4315 S Congress Ave #332
Congress Lofts Condominiums
$450,000 $427 2 bd / 2 ba 1,055 sqft , 2026-08-19
4025 Valley View Rd #2
Hancock Estates
$449,000 $412 2 bd / 2 ba 1,091 sqft , 2026-03-18
402 Philco Dr
Alamo Heights Sec 02
$449,000 $370 3 bd / 1 ba 1,212 sqft , 2026-08-05

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
$2,160/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
$89,980
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,455
Property Tax (~2.1% TX avg)−$787
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,269

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 24, 2026.

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