Active Listing  ·  6 days on market

2808 Dillion Hill Dr

Austin, TX 78745
$400,000
3 Bed 2 Bath 1,080 sqft $370/sqft Built 1977 0.15 acres 1-Car Garage Pool Cherry Creek Ph 06 Sec 01

Welcome to 2808 Dillion Hill Drive, tucked into the desirable South Austin community of Cherry Creek! This charming single-story home offers 3 bedrooms, 1.5 bathrooms, a one-car garage, and an inviting open living and dining area. The updated galley-style kitchen features crisp white cabinetry, Acacia butcher block countertops, a decorative subway tile backsplash, and a pantry. The home also features updated exterior siding and paint, updated flooring in the half bath, and thoughtful improvements throughout. All three bedrooms feature walk-in closets, offering generous storage throughout.

Step outside to enjoy a spacious, fully fenced backyard with a large patio and charming pergola, creating an inviting space for outdoor entertaining and relaxing. Google Fiber is available, and the refrigerator, washer, and dryer convey with the home for added convenience.

Ideally located in South Austin, this home puts you minutes from Central Market, local restaurants, shopping, and entertainment, with easy access to everything that makes the area so enjoyable. Come see all that 2808 Dillion Hill has to offer!

At $370/sqft, this home is 6% 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

2808 Dillion Hill Dr, Austin, TX 78745

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,080 sqft
Lot Size 0.15 acres (6,464.3 sqft)
Year Built 1977
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Ph 06 Sec 01
County Travis
Zip Code 78745
$/sqft $370/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,474.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246552351
List Date September 17, 2026
Elementary School Cunningham
Middle School Covington
High School Crockett
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
3102 Jeanne Marie Ct
Southampton Hills 02
$399,900 $309 3 bd / 2 ba 1,294 sqft , 2026-09-04
6915 Cherry Meadow Dr
Cherry Meadows
$390,000 $302 4 bd / 2 ba 1,290 sqft , 2026-05-27
6407 Cannonleague Dr
Manchaca Estates Amd
$385,000 $293 3 bd / 2 ba 1,312 sqft , 2026-09-08
2311 Campden Dr
Cherry Creek Ph 03 Sec 04
$365,000 $372 4 bd / 3 ba 980 sqft , 2026-09-21
3203 Harpers Ferry Ln
Southampton Sec 03-A
$445,000 $366 3 bd / 2 ba 1,216 sqft , 2026-08-05

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
$1,920/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
$80,000
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 20, 2026.

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