Active Listing  ·  17 days on market

1508 Barn Swallow Dr

Austin, TX 78746
$1,250,000
3 Bed 2 Bath 1,802 sqft $694/sqft Built 1978 0.22 acres 2-Car Garage Pool Woodhaven

A rare opportunity to create a new home in the heart of Westlake. Situated on a flat, .216-acre corner lot with mature trees, 1508 Barn Swallow offers an setting for a future custom residence in the established Woodhaven neighborhood.

The property currently includes a 1,802-square-foot, single-story home with 3 bedrooms, 2 baths, and a 2-car garage.

Located less than 10 minutes from downtown Austin and zoned and walkable to highly sought-after Eanes ISD — Cedar Creek Elementary, Hill Country Middle School, and Westlake High School.

With its level lot, mature trees, established Westlake location, and proximity to downtown, this property presents a compelling opportunity to lease, or hold the existing home while exploring plans for a future custom residence.

At $694/sqft, this home is priced 77% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1508 Barn Swallow Dr, Austin, TX 78746

Property Details

Price $1,250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,802 sqft
Lot Size 0.22 acres (9,395.89 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Woodhaven
County Travis
Zip Code 78746
$/sqft $694/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $24,463.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245953810
List Date September 5, 2026
Elementary School Cedar Creek (Eanes ISD)
Middle School Hill Country
High School Westlake
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
1904 Stoneridge Rd
Countryside Sec 01
$1,210,000 $686 3 bd / 2 ba 1,764 sqft , 2026-09-15
1905 Stoneridge Rd
Countryside Sec 01
$1,190,000 $648 4 bd / 2 ba 1,837 sqft , 2026-07-10
1702 Crested Butte Dr
Beecave Woods Sec 04
$1,595,000 $676 4 bd / 3 ba 2,360 sqft , 2026-09-10
2520 Sutherland St
Walsh 360
$830,000 $419 2 bd / 3 ba 1,983 sqft , 2026-06-18

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
$6,000/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
$250,000
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,188
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,531

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 September 18, 2026.

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