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$1,541,000

NAL Estimated Property Value

506 Padres Pl, Austin, TX, 78738

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,542 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$479.67 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBar Fridge, Built-In Electric Oven, Built-In Freezer, Built-In Refrigerator, Convection Oven, Cooktop, Dishwasher, Disposal, Induction Cooktop, Wine Cooler
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size20,308 sqft

Building Information

Year Built2016
Stories1
Roof Type104
Garage Spaces2

Land Information

APN01278311100000
Lot Number292
SubdivisionSerene Hills Phs 3wa & Replat Of Lot 402
Land UseResidential
Legal DescriptionLOT 292 SERENE HILLS PHS 3WA & REPLAT OF LOT 402 SERENE HILLS PHS 1B
Census Tract035400
Assessed Land Value$281,238
Assessed Improvement Value$1,212,187
Assessment Year2025

About this property

Tucked away at the end of a tranquil cul-de-sac in upscale Serene Hills, 506 Padres Place embodies the pinnacle of luxury living. This exquisitely designed and custom-built home by Eppright Homes was also the personal home of the highly sought after Austin-area builder. With a newly constructed and reimagined pool, spa and grand pergola, this beauty is a show-stopper for sure! Sitting on an expansive lot of just under ½ acre with no neighbors to one side, privacy and exclusivity abounds. The expansive one-story residence boasts 4 spacious bedrooms, each conveniently accompanied by its own en-suite bath. Elegance and sophistication define this home, with striking beamed ceilings, custom designed cabinetry, high-end Thermador appliances, Subzero wine and beverage storage, Cambria quartz countertops, porcelain tile and hardwood floors. A dedicated office as well as a separate living area for noisy children or guests provides ample space for both productivity and relaxation. The interior is adorned with well-crafted details as well as plantation shutters throughout, adding a touch of refinement to every corner. And the generous screened-in porch offers a seamless transition between indoor and outdoor living, allowing for year-round enjoyment of the lush surroundings of the extensive landscaping. The property also features a spacious garage with elegant cabinetry, storage and even a work bench for projects galore. Serene Hills offers majestic views of the highly sought after Texas hill country and is located in the award-winning Lake Travis Independent School District. Close by are miles and miles of hiking trails, 7 area golf courses and an abundance of water activities on any of the well-loved Highland Lakes. In addition, convenient access to schools, shopping and dining make this ideal location not only tranquil but close to everything! Only 20 minutes from downtown Austin and 30 minutes from Austin Bergstrom International Airport.

Investor Tools

Property Icon
$1,541,000
Estimated Property Value
$1,215,268Estimated Mortgage Balance
$327,038Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,194 /month
Positive
Cash Flow Estimate:
$3,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,359/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$32,604
$1,493,425
2025
$281,238
$1,212,187
$1,493,425
No

Tax History

Year
Tax Paid
Assessed Value
2024
$32,604
$1,493,425

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$1,240,000
No
First
Aug 30, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,215,268
$309,732
20%
79%
$7,635/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$7,695/mo
$-4,675/mo
2.4%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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506 Padres Pl | Property Details | No Agent List