Projects / Austin, TX
Renovate a South Austin cul-de-sac starter home and sell it as entry-level housing
Community proposal. An idea from a member. Nobody has agreed to buy, sell or fund anything.
Overview
A development idea, not an investment. It shows the proposer's sources, assumptions and open questions. Investing is not available on Realtix.
A 2-bed, 1-bath 1982 house on a cul-de-sac in Southhampton Hills, listed as an investor special at $189,900 after a price cut. The idea: a focused renovation and resale as an affordable starter home.
The proposer does not own or control this property. It is listed for sale by its owner through their own brokerage, and the owner is not part of this proposal.
Proposer does not own or control this property and has not contacted the seller.
The plan
3205 Burley Cv is a 1,016 sq ft house on a 6,860 sq ft lot, listed at $189,900 as an investor and handyman special sold as-is, after a $10,000 price cut. That is one of the lowest prices inside Austin city limits. The plan is a focused renovation: whatever the inspection says first (roof, HVAC, plumbing, foundation), then kitchen, bath, flooring and paint. If the layout allows, adding a second bathroom would widen the pool of buyers. Then sell it as an entry-level home, which South Austin has very few of at this price. Realtix's own estimate of the after-renovation value is about $305,000 (medium confidence), which is an estimate from area sales, not an appraisal. Whether this works depends on the inspection and a real contractor bid.
Key assumptions
Purchase at the $189,900 asking price. About $50,000 of renovation (a Realtix assumption until a contractor bids). About $25,000 for buying, holding and selling costs. After-renovation value near $305,000, a Realtix estimate from area sales.
Risks
Condition beyond 'needs work' is unknown. Two bedrooms and one bath limits buyers. Resale prices in Austin have been soft. Renovation can run over budget and over time. City map facts: zoned SF-3, not in a mapped floodplain, mapped lot about 6,870 sq ft. The lot is in the Barton Springs Zone and the Edwards Aquifer Recharge Zone, with strict impervious cover limits, so adding space or paving (even a bathroom addition that grows the footprint) may be limited.
Open questions
What does an inspection find (roof, HVAC, plumbing, foundation)? How much impervious cover is already used, and how much is left under Barton Springs Zone rules? Would a contractor bid match the $50,000 assumption? What would comparable renovated homes actually sell for? Seller has not been contacted.
Operator wanted
This plan needs an experienced, accountable operator: the person or company that would buy the property, run the work, manage it and answer for the results.
- What the role involves: confirming the numbers, negotiating with the seller, arranging financing, hiring contractors, getting permits and managing the property.
- Experience that fits: completed projects of a similar type and size in Austin, the right licenses for the work, and references.
- What happens next: Realtix reads every note, asks for your track record and checks references before any introduction. Raising your hand does not create a role, fee or agreement.
Numbers
These are the proposer's own estimates. They are not a valuation, an appraisal or offering terms.
| Purchase | $189,900 | Proposer estimate |
| Work and repairs | $50,000 | Proposer estimate |
| Reserves | $10,000 | Proposer estimate |
| Other costs | $25,000 | Proposer estimate |
| Total project budget | $274,900 | Calculated |
Realtix does not show projected returns on proposals.
Evidence
- Comparable sales or rents · not yet
- Contractor bid or written estimate · not yet
- Zoning or permit check with the city · not yet
- Inspection or condition report · not yet
- Financing quote or lender conversation · not yet
- Contact with the owner or listing agent · not yet
Sources
- Listing: redfin.com (Keller Williams Realty, MLS 1290964, checked Oct 8, 2026).
- Realtix analysis and flip estimate on realtix.us.
- Zoning and overlays: City of Austin GIS (maps.austintexas.gov: COA address locator, zoning, floodplain, environmental and lot line layers), checked Oct 8, 2026.
- Map data is not a zoning verification letter or a survey; lot area is measured from the mapped lot line and is approximate.
Evidence is self-reported by the proposer unless a Realtix reviewer notes otherwise. Supporting documents stay private to the project team.
Proposed by
Published by its proposer, a Realtix founder. It was self-reviewed against Realtix's proposal rules, not reviewed by an independent second person.
Founder of Realtix
Profile details are self-reported. Nothing has been verified by Realtix yet.
Project group
A private group chat for people who want to work on this project. The proposer decides who joins. Messages are visible only to members. Discuss the plan, costs and risks; no fundraising or promises of returns. Realtix staff see a message only if a member reports it.
1 member in this group.
Funding
There is no offering for this project and no way to invest. Projects only become investable after Realtix selects them, an accountable operator and acquisition path are in place, the legal structure and offering documents are complete, and a registered partner runs the offering. Follow the project to hear about every step.