$1,699,000

Property Overview

This 2020 modern residence at 506 Powell Circle represents a rare income-producing opportunity in Austin's desirable central location. The property arrives fully leased with tenants committed through a two-year agreement beginning December 15, 2025, positioning this as an immediate cash-flow investment for savvy buyers. The home's 2,432 square feet showcase contemporary architecture with thoughtful design—open floor plan, soaring ceilings, and abundant natural light create an inviting living environment that appeals to quality-conscious renters.

The kitchen anchors the home with designer finishes, stainless steel appliances, and a substantial island that flows seamlessly into the living and dining areas. Three generously proportioned bedrooms each feature their own full bathroom, a premium amenity that enhances both tenant appeal and daily functionality. Premium outdoor living elevates the property further with a resort-style backyard complete with sparkling pool, expansive deck, and shaded seating beneath mature trees—the kind of entertaining space that justifies the property's strong tenant retention potential.

Situated minutes from downtown Austin, local dining, and entertainment venues, 506 Powell Circle delivers both investment fundamentals and lifestyle appeal in one well-appointed package. At $699 per square foot, the property positions competitively within Austin's market while offering established rental income from move-in, providing the rare combination of contemporary comfort and predictable returns.

Agent Description

Turn key investment opportunity in the heart of Austin! Turn key investment opportunity in the heart of Austin! Home is leased through December 2027 to tenants - providing immediate and reliable income from day one. This modern 3-bed, 4-bath home blends contemporary design, functionality, and comfort just minutes from downtown, dining, and entertainment. Inside, you’ll find an open floor plan with high ceilings, large windows, and designer finishes that create a bright, inviting atmosphere. The kitchen features sleek cabinetry, stainless steel appliances, and a large island connecting seamlessly to the living and dining spaces—perfect for entertaining or relaxed daily living. Each bedroom includes its own bath, offering privacy and convenience for residents or guests. The home’s outdoor spaces elevate the lifestyle even further, with a private backyard retreat featuring a sparkling pool, spacious deck, and shaded sitting area under mature trees. A covered carport provides convenient parking and ties into the home’s clean, modern curb appeal. With its prime location near downtown Austin and stable long-term lease already secured, this property offers both immediate returns and long-term growth potential—a turnkey investment opportunity that’s ready to perform.

Property Details

Listing data last updated: May 19, 2026

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