About This Home

Spacious 5-bed, 3-bath gem in South Austin's sought-after Sheldon community! With 2,622 sqft, a flexible open layout, and generous bedrooms, there's room for everyone. Solar panels already installed so you hit the ground running on energy savings. Unbeatable access to I-35, Mopac, and Hwy 183 puts all of Austin at your doorstep. Shopping, dining, parks, and top schools just minutes away. This one checks all the boxes!

At $135/sqft, this home is 66% 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

8704 Panadero Dr, Austin, TX 78747

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Property Details

Price $354,000

Status Active Listing

Beds 5

Full Baths 3

Half Baths ,

Living Area 2,622 sqft

Lot Size 0.14 acres (6,229.08 sqft)

Year Built 2010

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Sheldon 230 Sec 01 Ph 01

County Travis

Zip Code 78747

$/sqft $135/sqft

Days on Market ,

HOA $300/Annually

Annual Tax Est. $4,361

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT229760323

List Date June 9, 2026

Elementary School Blazier

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

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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

8007 Bramble Bush Dr
Bend At Nuckols Crossing Ph 01 $350,000 $127 4 bd / 3 ba 2,761 sqft , 2026-08-07

7541 Redrick Dr
Springfield Ph B Sec 02 $349,900 $127 4 bd / 3 ba 2,761 sqft , 2025-03-13

7658 Marble Ridge Dr
Springfield Ph B Sec 03 $360,000 $133 4 bd / 3 ba 2,711 sqft , 2026-06-26

7908 Running Water Dr
Springfield Ph B Sec 05 $340,000 $124 4 bd / 3 ba 2,742 sqft , 2026-08-21

6736 Cornish Hen Ln
Sheldon 230 Sec 02 Ph 02 $325,000 $123 4 bd / 3 ba 2,640 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

$1,699/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

$70,800

20% conventional investment loan

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

Estimated Gross Rent+$1,699

Principal + Interest−$1,932

Property Tax (~2.1% TX avg)−$620

Insurance (~0.5%)−$148

Est. Monthly Cash Flow $-1,001

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

About the Author

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 July 24, 2026.

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

8704 Panadero Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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