#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Welcome home to 7402 Gaines Mill Ln, a beautifully updated 3-bedroom, 2-bath retreat in one of South Austin's most sought-after neighborhoods (78745). Set on a spacious 0.23-acre corner lot with no HOA, this home offers the space and freedom families want, plus a fully fenced backyard shaded by mature oaks — room to relax, entertain, garden, or add a pool. A 2-car garage and extended covered patio round out a home built for everyday life.
Inside, enjoy brand-new wide-plank laminate flooring throughout (no carpet), fresh paint, and a welcoming living room with a gas fireplace, stone surround, and cedar mantel. The main-floor primary suite features a walk-in closet and a brand-new spa-like walk-in shower, with direct patio access.
Upstairs, a second living area opens to a bright white kitchen with quartz counters, soft-close cabinets, stainless appliances, gas range, and a breakfast bar. French doors lead from the dining area to a private balcony overlooking the backyard. Two more spacious bedrooms with walk-in closets share a full bath with a soaking tub — plenty of room for kids, guests, or a home office.
Smart home features throughout: Philips Hue color-changing smart bulbs, a Nest thermostat, Nest Protect smoke/CO alarm, Nest exterior cameras, and Yale smart door locks for everyday convenience and peace of mind.
Major systems — roof, HVAC, and water heater — were all updated in 2019. Refrigerator, washer, dryer, all smart home features, and upstairs TV convey. Zoned to Cunningham Elementary (7/10) and Covington Middle (6/10), both strong Austin ISD schools.
Minutes from the Menchaca corridor, Sunset Valley shopping, South Congress, St. Elmo, and downtown Austin — this is the rare combination of space, updates, and smart-home convenience families are searching for, with no HOA.
Property Type
Residential
Year Built
1981
Lot Size
0.23 acres
$/Sq Ft
$311
Garage
2 spaces
Listed by Keller Williams Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
7402 Gaines Mill LN is listed at $635,000 with 3 bedrooms, 2 full bathrooms, 2,042 square feet, 0.23-acre lot. This places it above the 78745 median of $473,000.
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
2 records on file
Every recorded sale and lease at 7402 Gaines Mill LN, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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% | — | $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% ($127K)
$635,000
Luxury property intelligence
A sourced read on Southwest Oaks Ph 02 pricing, timing, and property scale. No automated valuation claim.
List price
$635,000
Price per sqft
$311/sqft
Vs. Southwest Oaks Ph 02 median
Not available
Days on market
33 days
Original to current
$10K reduction
$645K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 16, 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 ($127,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7402 Gaines Mill LN is around $4,368 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $635,000, 7402 Gaines Mill LN is in the Southwest Oaks Ph 02 market where there are currently 199 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.
9 events on record
Current Price
$635,000
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.
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