Active Listing  ·  55 days on market

1602 Ashberry Dr

Austin, TX 78723
$494,700
3 Bed 2 Bath 1,283 sqft $386/sqft Built 1959 0.20 acres 2-Car Garage Pool Colonial Hills Sec 02

GO SEE!!! Welcome to 1602 Ashberry Drive, located in a coveted, well established Central Austin neighborhood. This updated and remodeled home in the Windsor Park area is a 3 bedroom, 2 bath, 1,283 sq-ft Mid-Century home that welcomes you! Buyers will enjoy the 2021 roof; updated electrical, plumbing, HVAC; refreshed exterior paint and a full sprinkler system to name a few of the updates and upgrades (see documents list for more in MLS). Thoughtful finishes throughout include a bright and open concept kitchen with free standing island for your entertaining. Quartz countertops and tile backsplash keep this home fresh and modern! Included is a kitchen package with range, dishwasher, refrigerator, microwave and garbage disposal. The laundry area is a good size laundry room in the 2 car garage and includes the washer/dryer with added storage. The spacious living area is open to the kitchen and dining area. The home has a wonderful large, fenced backyard with room for a pool, ADU, extended patio, and perhaps volleyball & more.... The privacy of the yard gives you the immediate joy for gatherings, grilling or just a little relaxing while reading a book. The evenings can be lounging outside along the fire pit enjoying the Austin weather year round. The yard has a brand new sprinkler system to keep your grass and plants beautiful. The prime location of the Windsor Park/ Mueller area provides easy access to parks, HEB, top dining and a new elementary school that opened January, 2026. Easy and convenient access to I-35, 183, 290 and just 4 miles from downtown and 10 miles to the airport or tech corridor make this home a true MUST SEE!!!

At $386/sqft, this home is 2% 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

1602 Ashberry Dr, Austin, TX 78723

Property Details

Price $494,700
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,283 sqft
Lot Size 0.20 acres (8,777.34 sqft)
Year Built 1959
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Colonial Hills Sec 02
County Travis
Zip Code 78723
$/sqft $386/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,730
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243517863
List Date August 14, 2026
Elementary School Harris
Middle School Pearce Middle
High School Northeast Early College
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 14, 2026 $525,000
Previous ask $494,500
Current ask $494,700
▼ Reduced $30,300 (-5.8%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1102 Clayton Ln
Claircrest Add Sec 01
$487,000 $487 3 bd / 2 ba 999 sqft , 2026-06-24
1400 Westmoor Dr
Windsor Park
$475,000 $457 3 bd / 2 ba 1,040 sqft , 2026-09-19
6207 Hickman Ave
Windsor Park - Roberts Terrace
$470,000 $402 4 bd / 2 ba 1,170 sqft , 2026-09-24
1418 Larkwood Dr
Delwood 04 Sec B
$469,000 $366 3 bd / 1 ba 1,282 sqft , 2026-08-31
7310 Carver Ave #2
Carver
$468,000 $305 3 bd / 3 ba 1,535 sqft , 2026-07-02

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
$2,375/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
$98,940
20% conventional investment loan

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

Estimated Gross Rent+$2,375
Principal + Interest−$2,700
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 6, 2026.

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