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$778,593

506 South Park DR 1, Austin, TX, 78704

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,433 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$512.91 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size3,602 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces1

Land Information

APN04070331020000
Lot Number1
Subdivision506 South Park Condominiums
Land UseResidential
Legal DescriptionUNT 1 506 SOUTH PARK CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract001308
Assessed Land Value$187,500
Assessed Improvement Value$591,093
Assessment Year2025

About this property

Chic modern living right in the true heart of South Austin! Newly built in 2020, this contemporary gem is tucked away in the well-established Dawson neighborhood - walkable to coffee, pizza, parks, and the local elementary school, with Downtown, SoCo, Barton Springs, and Lady Bird Lake all just 5 mins away. If you want the Downtown Austin lifestyle in a charming neighborhood setting, this is the sweet spot. Set on a divided lot, the home lives totally private: stand alone, no HOA fees, its own two-car garage, gated front entry, and a fully fenced backyard. Inside, everything is clean, current, and move-in ready. The main level is made for hosting and hanging out, with an open layout that flows from living to the dining area and a kitchen that actually delivers - oversized island, quartz counters, custom cabinetry, designer tile, and high-end stainless appliances that look as good as they work. There's even a private office nook with a sliding barn door. Upstairs you will find the luxurious primary suite plus two spacious guest bedrooms that share a deluxe ensuite bath. The details deliver: tall ceilings, polished concrete downstairs, warm wood floors upstairs, vaulted bedrooms, and recessed lighting. Bathrooms are thoughtfully designed with glass enclosed walk-in showers, a sculptural soaking tub in the guest bath, and a stylish main floor powder room for guests. Second-floor laundry and Google Fiber keep life efficient. Out back, the fenced yard and covered porch are perfect for morning coffee, weekend hangs, pets, or low-key entertaining. The surrounding streets are ideal for evening walks, and the nearby school offers a playground and walking loop. Easy access to Ben White, 290/71, and all the essentials – the new SoCo H-E-B, Central Market, Wheatsville, Target, and more. If you’re looking for modern design, real privacy, and one of the best near-downtown neighborhoods in Austin, then come take a tour today. Your dream home awaits!

Investor Tools

Property Icon
$778,593
Estimated Property Value
$0Estimated Mortgage Balance
$778,593Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,672 /month
Positive
Cash Flow Estimate:
$1,557 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,720/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,747
$778,593
2025
$187,500
$591,093
$778,593
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,747
$778,593

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$778,593
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,470/mo
N/A
+$2,470/mo
3.8%

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 South Park DR 1 | Property Details | No Agent List