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Verified property facts
511 Olive St is listed at $665,000 with 3 bedrooms, 2 full bathrooms, 1,588 square feet, 0.26-acre lot.
511 Olive St is zoned for Fredericksburg ISD with assigned schools: Fredericksburg (elementary), Fredericksburg (middle), Fredericksburg (Fredericksburg ISD) (high). School assignments should be verified directly with the district.
511 Olive St is a Residential built in 1960 featuring 3 bedrooms, 2 full bathrooms, 1,588 square feet, 0.26-acre lot.
511 Olive St is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 511 Olive St is $7,604. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Price Change with current price, original ask, and market time.
Welcome to The Olive Branch — a completely renovated, professionally designed 3-bedroom, 2-bath home just minutes from Main Street. Currently operating as a successful, active short-term rental, this R2-zoned property is permitted for STR use and is being sold turnkey, offering an exceptional investment opportunity. Designed with both style and comfort in mind, the home accommodates up to 8 guests and features hardwood flooring, recessed lighting, and quality furnishings throughout. Updates galore and numerous new furnishings make this property truly move-in or rental-ready from day one. The spacious 75’ x 150’ privately fenced backyard creates a true retreat, complete with a hot tub, gas grill, and comfortable indoor and outdoor living spaces ideal for entertaining or relaxing after a day in town. Adding even more versatility is the 24’ x 24’ insulated metal building, fully plumbed and air-conditioned with a half bath — perfect for a future game room, pool house, guest suite conversion (buyer to verify), or additional storage. A rare opportunity to own a stylish, fully furnished, income-producing property in a prime location — inquire for additional details and rental history.
Property Type
Residential
Year Built
1960
Lot Size
0.26 acres
$/Sq Ft
$419
Garage
2 spaces
Listed by Kuper Sotheby's Int'l Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Fredericksburg ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($133K)
$665,000
Luxury property intelligence
A sourced read on South Heights pricing, timing, and property scale. No automated valuation claim.
List price
$665,000
Price per sqft
$419/sqft
Vs. South Heights median
Not available
Days on market
74 days
Original to current
$20K reduction
$685K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 3, 2026.
Request Private Market AnalysisWith 20% down ($133,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 511 Olive St is around $4,084 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $665,000, 511 Olive St is in the South Heights market where there are currently 49 active listings in 78624.
511 Olive St was built in 1960 (66 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
2 events on record
Current Price
$665,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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