
7402 Gaines Mill Ln • South Austin 78745 • 0.23-acre corner lot • No HOA • Huge backyard • Mature oaks • Covered patio • Balcony • Updated kitchen • No carpet. This updated 3-bedroom, 2-bath home offers 2,042 sq. ft. in a popular South Austin 78745 location. Set on a spacious 0.23-acre corner lot, the backyard stands out, with several large oak trees, a private-feeling setting, and plenty of room to relax, entertain, garden, or explore future pool potential. The extended covered patio gives you a shaded spot to enjoy the yard, with direct access from the primary bedroom through a sliding glass door, while the upstairs balcony adds another great place to take in the view from the dining area. Inside 7402 Gaines Mill Ln, you’ll find newer wide-plank laminate wood flooring throughout with no carpet, plus a freshly repainted interior that feels clean and ready to enjoy. The downstairs living room has a gas log fireplace with a white stone surround and cedar mantel, giving the space a warm, welcoming feel. The primary bedroom is also downstairs and includes a large walk-in closet and an updated bath with a spacious walk-in shower. Upstairs, the home opens into a large second living room connected to a bright white kitchen with quartz countertops, soft-close cabinets, stainless steel appliances, a gas range, refrigerator, and a large breakfast bar next to the formal dining area, where a French door opens to the balcony overlooking the backyard. The secondary bedrooms are generously sized and include walk-in closets, and the shared full bath features a soaking tub. Recent major updates include the roof, exterior HVAC, and water heater around 2019, and the refrigerator, washer, dryer, exterior cameras, upstairs TV, and TV mounts convey. From this South Austin address, you’re close to the Menchaca corridor, Sunset Valley shopping, South Congress dining and entertainment, St. Elmo hotspots, and downtown Austin, with a large tree-shaded backyard waiting at home.
Property Type
Residential
Year Built
1981
Lot Size
0.23 acres
$/Sq Ft
$316
Garage
2 spaces
Listed by Keller Williams Realty
Verified property facts
7402 Gaines Mill LN is listed at $645,000 with 3 bedrooms, 2 full bathrooms, 2,042 square feet, 0.23-acre lot. This places it above the 78745 median of $475,000.
7402 Gaines Mill LN is zoned for Austin ISD with assigned schools: Cunningham (elementary), Covington (middle), Crockett (high). School assignments should be verified directly with the district.
7402 Gaines Mill LN is a Residential built in 1981 featuring 3 bedrooms, 2 full bathrooms, 2,042 square feet, 0.23-acre lot.
7402 Gaines Mill LN 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 7402 Gaines Mill LN is $12,882. 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
Waterfront
Listed 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% | — | $584,069 | — | — |
2024-17.9% | — | $603,808 | $275,000 | $375,778 |
2023+46.9% | — | $735,810 | $275,000 | $328,808 |
2022+31.1% | — | $501,062 | $275,000 | $460,810 |
2021 | — | $382,291 | $125,000 | $376,062 |

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% ($129K)
$645,000
Luxury property intelligence
A sourced read on Southwest Oaks Ph 02 pricing, timing, and property scale. No automated valuation claim.
List price
$645,000
Price per sqft
$316/sqft
Vs. Southwest Oaks Ph 02 median
Not available
Days on market
9 days
Original to current
No verified reduction
$645K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 23, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($129,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7402 Gaines Mill LN is around $4,420 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $645,000, 7402 Gaines Mill LN is in the Southwest Oaks Ph 02 market where there are currently 180 active listings in 78745. The Keenan Group has completed 29 transactions in 78745 as part of 1,000+ career sales totaling $1B+ across Austin.
7402 Gaines Mill LN was built in 1981 (45 years ago). Buyers should budget for potential updates to major systems.
7402 Gaines Mill LN includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
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
$645,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-3.3% | — | $584,069 | — | — |
2024-17.9% | — | $603,808 | $275,000 | $375,778 |
2023+46.9% | — | $735,810 | $275,000 | $328,808 |
2022+31.1% | — | $501,062 | $275,000 | $460,810 |
2021 | — | $382,291 | $125,000 | $376,062 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Southwest Oaks Ph 02
Recent sales for market context