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$2,409,000

NAL Estimated Property Value

5605 Ridge Oak Dr, Austin, TX, 78731

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,339 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$733.75 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Private Yard
Lot Size14,131 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces4

Land Information

APN01320305120000
Lot Number15
SubdivisionHighland Park West Sec 4
Land UseResidential
Legal DescriptionLOT 15 BLK F HIGHLAND PARK WEST SEC 4
Census Tract000102
Assessed Land Value$735,000
Assessed Improvement Value$605,160
Assessment Year2024

About this property

This stunning home was taken down to the studs in 2020. The Result is a wonderfully flexible floor plan and outdoor space, expertly designed with all the amenities. The kitchen features Cafe appliances, custom solid oak cabinetry, with brass accents. A large island and coffee bar complete the design of the space while adding flexibility and functionality. The home feels open and filled with natural light while creating separate spaces to fit a buyers flexible needs. A large dining room opens to the kitchen which flows seamlessly to the 2 separate living spaces and powder room. The primary suite has a spa-like bathroom and large walk-in closet with custom built storage. 2 additional bedrooms with a shared bath, and a laundry room with custom built in storage complete the main floor. The downstairs features a bedroom and bathroom with a full office, wall to wall storage and a separate entrance. The 3rd living space has a kitchenette, and opens up to the stunningly landscaped backyard. With 3 levels, a fire pit, kids play area, and 2 green spaces, this backyard is ready to enjoy immediately. This home offers the ultimate experience of luxurious flexibility; easily meeting the needs of a family with both young and older children, a buyer desiring a work from home situation, or someone who values entertaining and guest quarters. Located in a quiet and desirable neighborhood with access to the best schools in Austin, 10-5 min to the Domaine, Downtown, and The Arboretum, this is a great opportunity to live in one of the most desirable areas in Austin.

Investor Tools

Property Icon
$2,409,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,409,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,700 /month
Positive
Cash Flow Estimate:
$4,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,634/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,340,160
2024
$735,000
$605,160
$1,340,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,340,160

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,409,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
N/A
+$2,440/mo
1.2%

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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5605 Ridge Oak Dr | Property Details | No Agent List