
Introducing the Penick Urban Homestead, a rare opportunity to own a piece of Austin history—this 3-bedroom, 2-bath single-family home is set on one of the largest residential lots in the 78741 - over half an acre! While many homes are just an address, this street is named after the legendary Harvey Penick, known for his work at the Riverside Golf Course. The two-story layout includes 2 bedrooms on the main level and a dedicated primary suite occupying the entire second floor, providing a sense of scale and privacy that is nearly impossible to find this close to the city center. On the main floor, a spacious living room centers around the fireplace with large windows that frame the massive backyard like a living painting. Hardwood floors run throughout the home, leading into a remodeled kitchen finished with wood cabinetry and granite countertops. A full-length foyer creates a seamless flow from the front of the house to the back. This home has been rebuilt from the outside in with high-end updates throughout, including major systems, roof and windows. For those needing extra room, a door on the second floor opens to a large walk-in attic that offers massive storage or potential for future finished space. The fully fenced backyard contains over 20 fruit trees, including apple, pear, and peach varieties, alongside a 12 x 28-foot deck and a fire pit area with decomposed granite paths. The location is a major draw, placing you adjacent to the Riverside Golf Course, 2 miles from Downtown Austin and 15 minutes from the airport. Enjoy easy access Secret Beach at Roy G. Guerrero Park or hop on the MetroRapid 800 bus just a block away on Pleasant Valley Road. With the $4 billion River Park development nearby and the planned Grove Station on the Blue Line light rail coming soon, this Penick Place home connects you to the best of Austin’s future growth while remaining tucked away on a quiet, private street.
Property Type
Residential
Year Built
1965
Lot Size
0.54 acres
$/Sq Ft
$396
Garage
4 spaces
Listed by Christie's Int'l Real Estate
Verified property facts
5604 Penick Dr is listed at $899,000 with 3 bedrooms, 2 full bathrooms, 2,270 square feet, 0.54-acre lot. This places it above the 78741 median of $375,000.
5604 Penick Dr is zoned for Austin ISD with assigned schools: Allison (elementary), Lively (middle), Eastside Early College (high). School assignments should be verified directly with the district.
5604 Penick Dr is a Residential built in 1965 featuring 3 bedrooms, 2 full bathrooms, 2,270 square feet, 0.54-acre lot.
5604 Penick Dr 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 5604 Penick Dr is $6,978. 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
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-3.3% | — | $625,574 | — | — |
2024-9.8% | — | $647,065 | $400,000 | $403,280 |
2023+37.1% | — | $717,269 | $195,000 | $452,065 |
2022 | — | $523,300 | $195,000 | $522,269 |

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.
20% ($180K)
$899,000
Luxury property intelligence
A sourced read on Penick Place pricing, timing, and property scale. No automated valuation claim.
List price
$899,000
Price per sqft
$396/sqft
Vs. Penick Place median
Not available
Days on market
69 days
Original to current
$96K reduction
$995K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 17, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($179,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 5604 Penick Dr is around $5,246 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $899,000, 5604 Penick Dr is in the Penick Place market where there are currently 40 active listings in 78741. The Keenan Group has completed 5 transactions in 78741 as part of 1,000+ career sales totaling $1B+ across Austin.
5604 Penick Dr was built in 1965 (61 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.
8 events on record
Current Price
$899,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-3.3% | — | $625,574 | — | — |
2024-9.8% | — | $647,065 | $400,000 | $403,280 |
2023+37.1% | — | $717,269 | $195,000 | $452,065 |
2022 | — | $523,300 | $195,000 | $522,269 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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