Austin - South Homes under $500,000

Austin - South Homes under $500,000

Welcome to South Austin, a vibrant and eclectic area that perfectly embodies the spirit of Texas’ capital city. Nestled within Travis County, this dynamic neighborhood is known for its rich culture, diverse communities, and a laid-back atmosphere that attracts both families and young professionals alike. With its unique blend of urban amenities and natural beauty, South Austin is a place where you can truly feel at home.

One of the most appealing aspects of South Austin is its affordability, particularly for those seeking homes under $500,000. Here, you’ll find a variety of charming properties that cater to a range of lifestyles. From cozy bungalows to modern townhomes, there’s something for everyone in this price range. The area is known for its tree-lined streets and friendly neighbors, making it a great place to settle down and enjoy the community vibe.

Living in South Austin means you’re never far from the action. With an array of local restaurants, boutique shops, and live music venues, there’s always something to explore. The famous South Congress Avenue, with its quirky shops and iconic food trucks, is just a stone’s throw away. Outdoor enthusiasts will also appreciate the nearby parks and trails, perfect for hiking, biking, or simply soaking in the stunning Texas sun.

Whether you’re a first-time homebuyer or looking to invest, South Austin offers a unique opportunity to own a slice of this thriving city without breaking the bank. Discover your dream home in this charming neighborhood and experience all that South Austin has to offer!

Newest Austin - South Homes under $500,000

1516 Catalan Rd Unit 502, Austin
$314,999
3 Beds ⋅ 3 Baths ⋅ 2033399 MLS ⋅ 78748 Zip Code
Welcome to an exceptional opportunity for affordable Southwest Austin living in the desirable Smithfield community! Offering approximately 1,565 square feet, this spacious residence combines comfort, convenience, and an unbeatable South Austin location. The thoughtfully designed floor plan provides generous living space with plenty of room to work from home, entertain, or simply relax. Enjoy the ease of low-maintenance living while still having the space and feel buyers want in a home—all at an approachable price point for Austin. Location is a standout. Situated just off the Menchaca/Slaughter corridor, you’re minutes from some of South Austin’s favorite restaurants, coffee shops, neighborhood bars, and entertainment, including Moontower Saloon, South Austin Beer Garden, Lulu’s, and more. Everyday conveniences, shopping, and major roadways are also nearby, making it easy to enjoy everything Southwest Austin has to offer while maintaining convenient access to the rest of the city. Whether you’re a first-time buyer, downsizing, or simply looking for more space at an affordable price in Austin, 1516 Catalan Road #502 delivers an incredible combination of location, lifestyle, and value.

1516 Catalan Rd Unit 502, Austin
2931 Cohoba Dr, Austin
$449,988
3 Beds ⋅ 2 Baths ⋅ 3461290 MLS ⋅ 78748 Zip Code
Beautifully refreshed and move-in ready, this three-bedroom, two-bath home sits on a corner lot in desirable Cherry Creek. Fresh paint and replaced carpet create a welcoming backdrop for a versatile layout. Just inside the entry, an open flex space offers endless possibilities for a home office, playroom, second living area or formal dining room. At the heart of the home, the kitchen features quartz countertops, stainless steel appliances and a center island with seating. The adjoining breakfast area flows into the main living room, creating a seamless setting for everyday living and entertaining. The spacious primary suite offers a walk-in closet and a spa-like bathroom with dual vanities, a walk-in shower and a soaking tub. Two guest bedrooms feature step-in closets and share a full bathroom with a shower/tub combination. A conveniently located laundry room leads toward the garage, where ample built-in cabinetry provides additional storage. Enjoy the outdoors from the screened-in porch or covered patio, with a low-maintenance yard ideal for an easy lock-and-leave lifestyle. Conveniently located near H-E-B, Central Market, Starbucks, local restaurants and entertainment, with quick access to MoPac and nearby schools. Thoughtful updates, flexible spaces and a sought-after South Austin location make this Cherry Creek home a beautiful place to settle in.

2931 Cohoba Dr, Austin
6901 Greycloud Dr, Austin
$385,000
3 Beds ⋅ 2 Baths ⋅ 3605968 MLS ⋅ 78745 Zip Code
This move-in-ready residence blends modern upgrades with classic comfort. The bright living space features a cozy gas fireplace, while the updated kitchen shines with premium granite countertops. Outside, a brand-new privacy fence encloses an ideal backyard for entertaining. The Location • Downtown Proximity: Located just 15 minutes from Downtown Austin, offering an effortless commute to the central business district and the Texas State Capitol. • Iconic Staples: Minutes from the boutique shopping and dining on South Congress (SoCo), as well as the 300-acre Mary Moore Searight Metropolitan Park. • Local Hangouts: Close to Austin mainstays like the Slaughter Lane H-E-B, Moontower Saloon, and Armadillo Den.

6901 Greycloud Dr, Austin
204 Chippendale Ave, Austin
$350,000
3 Beds ⋅ 1 Baths ⋅ 2270615 MLS ⋅ 78745 Zip Code
Located just minutes from Downtown Austin and moments from the vibrant St. Elmo District, 204 Chippendale seamlessly blends modern updates with classic bungalow charm. This nearly completely remodeled home offers a bright, open-concept layout designed for both everyday living and effortless entertaining, complemented by a versatile second living area or flex space ideal for a home office, media room, or guest retreat. The newly rebuilt expansive, privacy-fence creates a true outdoor backyard haven—complete with a patio for relaxing or hosting and a storage shed for added functionality. Just around the corner, enjoy easy access to a neighborhood park with trails, a basketball court, and a playscape, enhancing the home’s livability and appeal. Positioned in one of South Austin’s most dynamic growth corridors, you’re minutes from South Congress, the St. Elmo Market, major employers, public transit, and Austin-Bergstrom International Airport. Whether you’re seeking convenience, character, or proximity to Austin’s best dining and entertainment, this home delivers on all fronts. For more info, go to: https://wkf.ms/4evN7Ko

204 Chippendale Ave, Austin
4315 S Congress Ave Unit 224, Austin
$255,000
1 Baths ⋅ 5723087 MLS ⋅ 78745 Zip Code
3.99% financing available for a limited time on select residences for qualified buyers! Enjoy courtyard views and outdoor space in this rare second-floor studio at Congress Lofts. Soaring 9’5” ceilings, wide-plank flooring, and oversized 8x8 Quaker windows create a bright, open space in the heart of the St. Elmo Arts District. The kitchen pairs imported Italkraft Italian cabinetry with quartz countertops and a Bosch appliance suite, while the spacious patio offers a welcoming spot for morning coffee or unwinding at the end of the day. Personalize your space with options available for purchase, including a custom Murphy bed or closet, additional storage, and EV parking. Quickie Pickie café and market is coming soon to the ground floor! Amenities include a pool, courtyard with an outdoor kitchen, Big Green Egg and fire pit, trellis garden, dog park and pet spa, library lounge, and controlled-access parking. Just steps from The Yard and nearby SoCo, Zilker Park, Lady Bird Lake, H-E-B, and Downtown Austin. Discover one of the remaining opportunities to own at Congress Lofts!

4315 S Congress Ave Unit 224, Austin
5608 Cougar Dr Unit 118, Austin
$177,000
2 Beds ⋅ 2 Baths ⋅ 4709675 MLS ⋅ 78745 Zip Code
Super spacious 2 bed 2 bath condo professionally repainted & remodeled just for you all at an incredibly affordable price!!! The community’s largest floor plan, with generously sized bedrooms and an expansive living room centered around a wood-burning brick fireplace—perfect for cozy winter evenings. This single-level ground level entry has just four steps up at the entrance. Professionally repainted and refreshed. Additional updates include a large french door one year old upgraded SS French door refrigerator. Entire unit remodeled 5 yrs ago. Google Fiber. Low electric bill averaging $100/mo! Gated courtyard entrance. HOA recently enhanced the pool area with new seating, a BBQ grill, artificial turf with all handrails sanded & repainted. Conveniently located with easy access to downtown by S 1st St and Austin-Bergstrom Airport by Ben White. Owner debated on new flooring to replace carpet, but has chosen to give $2000 flooring allowance and let Buyer choose their own.

5608 Cougar Dr Unit 118, Austin
5919 Idlewood Cv, Austin
$499,000
4 Beds ⋅ 2 Baths ⋅ 4731027 MLS ⋅ 78745 Zip Code
Welcome to 5919 Idlewood Cove — a beautifully remodeled 4 bed, 2 bath Austin retreat. This fully updated home blends modern style with comfort and functionality, offering a turnkey opportunity for investors, short-term rental operators, or buyers seeking a move-in ready home. Every detail has been thoughtfully refreshed, creating a warm and inviting atmosphere with updated finishes, stylish design touches, and comfortable living spaces throughout. The home comes fully furnished, and all furnishings can convey with the sale, making this an exceptional opportunity for immediate rental income or effortless move-in convenience. Adding even more versatility to the property is a charming one-room studio located in the backyard, capable of comfortably sleeping up to 8 guests. Perfect for maximizing income potential, hosting extended family and guests, or creating a private office or studio space, this additional living area makes the property truly stand out. Whether you’re looking to add to your investment portfolio, or simply enjoy a fully furnished remodeled home in Austin, this property offers incredible flexibility and value. Nestled on a quiet street, 5919 Idlewood Cove is conveniently located near shopping, dining, entertainment, and major Austin attractions. Don’t miss this rare opportunity to own a turnkey, income-producing property with bonus guest accommodations in one of Austin’s most desirable areas.

5919 Idlewood Cv, Austin
1900 Barton Springs Rd Unit 2047, Austin
$419,999
1 Beds ⋅ 1 Baths ⋅ 8029788 MLS ⋅ 78704 Zip Code
Stunning 900-square-foot home in coveted Zilker, featuring 10-foot ceilings, abundant natural light, and a thoughtfully designed open floor plan. The spacious living area offers a versatile space for a formal dining area or home office. The sleek kitchen features granite countertops, subway-tile backsplash, stainless-steel appliances, and a large island perfect for entertaining. The king-sized primary bedroom includes an oversized walk-in closet, while the bathroom offers dual granite vanities and a tub/shower combination. Zilkr on the Park offers exceptional amenities, including a state-of-the-art fitness center, business center, conference room, club room, resort-style pool, BBQ area, fire pit, and garden. Enjoy an unbeatable location just steps from Zilker Park, Barton Springs Pool, the Greenbelt, Downtown, and South Congress. A large storage unit is also negotiable. Come see why this bright, beautifully located home is such a special opportunity—schedule your tour today!

1900 Barton Springs Rd Unit 2047, Austin
5210 Emerald Meadow Dr, Austin
$425,000
3 Beds ⋅ 2 Baths ⋅ 9652998 MLS ⋅ 78745 Zip Code
Recently updated and move-in ready, 5210 Emerald Meadow Drive is a charming 3-bedroom, 2-bath home offering a fresh, inviting interior in the heart of South Austin. Thoughtful updates and a bright, neutral palette create a clean, modern feel, while abundant natural light adds warmth throughout. The living and dining spaces flow easily together, complemented by updated flooring and contemporary finishes. The refreshed kitchen is full of character with crisp white cabinetry, quartz countertops, stainless steel appliances, and a classic subway tile backsplash. Its bright, streamlined design makes the most of the space while connecting naturally to the surrounding living areas. The primary bedroom offers a comfortable retreat with an updated ensuite bath featuring a walk-in shower and modern finishes. Two additional bedrooms provide flexibility for guests or a home office, while the updated secondary bath continues the home's fresh, cohesive style. Outside, mature trees and a spacious fenced backyard provide plenty of room to relax, entertain, garden, or create your own outdoor retreat. The generous yard adds to the home's welcoming feel and offers wonderful potential for enjoying Austin's outdoor lifestyle. Located in desirable 78745, this South Austin home offers convenient access to South Congress, South First, Westgate, and St. Elmo, with an abundance of local restaurants, coffee shops, shopping, and entertainment nearby. Easy access to major roadways provides a convenient connection to Downtown Austin and beyond, combining an established neighborhood setting with the energy and convenience of South Austin living.

5210 Emerald Meadow Dr, Austin
7314 Eganhill Dr, Austin
$460,000
3 Beds ⋅ 2 Baths ⋅ 2721675 MLS ⋅ 78745 Zip Code
Located in South Austin and backing to Stephson Nature Preserve, this 3-bedroom, 2-bath home offers a unique connection to the surrounding natural landscape with direct backyard access to walking trails and views of local wildlife, including deer and fox. With no through traffic, the setting offers a peaceful backdrop while remaining convenient to South Austin amenities. Inside, bamboo flooring runs throughout the home, complemented by an efficient air-conditioning system and Low-E energy-efficient windows and storm doors designed to enhance comfort and efficiency. A wood-burning fireplace with a gas connection adds warmth and character to the living space. The zero-scaped yard requires little to no watering, creating a low-maintenance outdoor space. Thoughtful pet-friendly features include access points to the porch, back door porch, and garage. With its nature preserve setting, efficient features, and functional layout, this South Austin home offers a distinctive opportunity to enjoy comfortable living surrounded by nature.

7314 Eganhill Dr, Austin
12005 Salvador St, Austin
$249,999
3 Beds ⋅ 2 Baths ⋅ 7135389 MLS ⋅ 78748 Zip Code
Welcome to this beautiful under construction mid November delivery home located in the desirable Estancia community in South Austin. This thoughtfully designed single-story home features 3 bedrooms, 2 bathrooms, and a two-car garage. The open-concept floor plan creates a bright and inviting living space that flows seamlessly between the kitchen, dining, and living areas—perfect for everyday living and entertaining. Enjoy a private fenced yard ideal for relaxing, outdoor gatherings, or family time. With modern finishes and a functional layout, this home offers comfort, convenience, and great family living in one of South Austin’s growing communities with easy access to shopping, dining, and major roadways. Affordable Housing restrictions apply, buyer must not exceed 80% MFI income limit. Call agent for details.

12005 Salvador St, Austin
400 Chippendale Ave, Austin
$479,000
4 Beds ⋅ 2 Baths ⋅ 2370879 MLS ⋅ 78745 Zip Code
Fully remodeled and adjacent to the St. Elmo district, this South Austin home pairs thoughtful design with practical upgrades. With four bedrooms and two full bathrooms, the layout offers flexibility for how you live. An open living, dining and kitchen area keeps the main spaces connected, with LVP flooring and a warm, cohesive palette throughout. The kitchen features leathered granite countertops with a waterfall edge, black stainless appliances and a mix of cabinetry and open shelving. The primary suite has a walk-in closet and direct access to the covered patio. Its generously sized bathroom includes an oversized walk-in shower with dual shower heads, including a rain shower, a double vanity and a separate toilet room. On the opposite side of the home from the primary suite, there are two additional bedrooms as well as a smaller fourth bedroom offering flexibility as a home office, nursery or hobby room, depending on your needs. The secondary bathroom brings its own personality with alabaster sconces, playful floor tile details and terracotta shower tile. A skylight brings in natural light, while a shower and tub combination adds flexibility for everyday use. Outside, the large, level, fully fenced backyard offers plenty of space for outdoor dining, gardening or simply spreading out. The covered patio gives you a shaded spot to relax or gather with friends. The improvements extend beyond the finishes: the roof, HVAC and water heater were replaced in 2026, and the home has no cast iron plumbing. An attached garage and no HOA add to the everyday appeal. Walk to coffee at Spokesman or explore the food and entertainment at The Yard, then come home to your own space in an established South Austin neighborhood.

400 Chippendale Ave, Austin
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