Active Listing  ·  185 days on market

1408 Doonesbury Dr

Austin, TX 78758
$515,000
3 Bed 3 Bath 2,263 sqft $228/sqft Built 1980 0.22 acres 2-Car Garage Pool Gracywoods Sec 04

Located in the established and friendly neighborhood of Gracywoods, 1408 Doonesbury Drive sits on a spacious .21-acre corner lot surrounded by mature trees and walkable, tree-lined streets. This 3-bedroom, 2.5-bath home offers 2,263 square feet with a layout that truly lives well. The main level features both formal living and dining spaces, plus a generous family room with a cozy corner gas log fireplace. The galley-style kitchen includes granite countertops, gas cooking, and a breakfast area for everyday meals. A bright sunroom at the back of the home adds flexible living space - perfect for morning coffee, a playroom, or a home office. The primary suite is tucked downstairs and offers a spacious retreat with an extended walk-in shower and large walk-in closet. Upstairs you’ll find two additional bedrooms and a full bath, creating separation and privacy for guests or family members. Recent updates include HVAC, windows, water heater, and fresh interior and exterior paint, giving the home a clean, move-in ready feel. The location is hard to beat - just minutes to The Domain for shopping and dining, Q2 Stadium for Austin FC games and events, and nearby parks and walking trails. With quick access to major employers like IBM, Samsung, Apple, and Dell, plus convenient commuter options, this home offers both comfort and convenience in North Austin.

At $228/sqft, this home is 42% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1408 Doonesbury Dr, Austin, TX 78758

Property Details

Price $515,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,263 sqft
Lot Size 0.22 acres (9,539.64 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Gracywoods Sec 04
County Travis
Zip Code 78758
$/sqft $228/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219429426
List Date February 18, 2026
Elementary School River Oaks
Middle School Westview
High School John B Connally
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
10610 Berthound Dr
Village At Quail Creek
$525,000 $312 4 bd / 2 ba 1,682 sqft , 2026-08-06
10219 W Rutland Vlg
Rutland Village Sec 01
$540,000 $336 3 bd / 2 ba 1,606 sqft , 2026-05-05
202 E Caddo St
Eubank Acres Sec 02
$489,990 $241 3 bd / 2 ba 2,029 sqft , 2026-06-17
11942 Bittern Holw
Gracywoods Sec 08
$549,000 $234 4 bd / 3 ba 2,348 sqft , 2026-08-07
12047 Lincolnshire Dr
Gracywoods Sec 09 & 10
$555,000 $286 4 bd / 2 ba 1,943 sqft , 2026-06-11

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,472/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$103,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (~2.1% TX avg)−$901
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,455

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on June 9, 2026.

📞 (254) 718-2567 [email protected] More about Luke →