Active Listing  ·  52 days on market

2817 Norfolk Dr

Austin, TX 78745
$725,000
4 Bed 3 Bath 2,060 sqft $352/sqft Built 1983 0.15 acres 2-Car Garage Pool Cherry Creek Ph 07 Sec 05

Welcome to this stunning, completely remodeled home in the highly sought-after Cherry Creek neighborhood! Offering over 2,000 square feet of beautifully redesigned living space, this move-in-ready residence combines modern style with exceptional comfort. The heart of the home is the designer kitchen, featuring sleek slim shaker cabinetry, gorgeous Calacatta quartz countertops, a spacious peninsula with seating for five, stainless steel appliances (fridge conveys), and an open floor plan to the spacious living room featuring a chic, fluted-tile gas fireplace. With four spacious bedrooms and two-and-a-half beautifully updated bathrooms, there’s room for everyone. The oversized primary suite is a true retreat, boasting a luxurious spa-inspired bath with an enormous dual shower designed for two and a custom walk-in closet. Designer finishes are showcased throughout, including Aspen white oak hardwood flooring in all living areas, modern patterned carpet in the bedrooms, all-new two panel shaker interior doors, stylish lighting, updated plumbing fixtures, and fresh interior and exterior paint. Every detail has been thoughtfully selected, creating a home that feels both elegant and inviting. Don’t miss this incredible opportunity to own a fully renovated home in one of South Austin’s most desirable neighborhoods!

At $352/sqft, this home is 10% 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

2817 Norfolk Dr, Austin, TX 78745

Property Details

Price $725,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,060 sqft
Lot Size 0.15 acres (6,651.61 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Ph 07 Sec 05
County Travis
Zip Code 78745
$/sqft $352/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,917.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238274305
List Date July 3, 2026
Elementary School Sunset Valley
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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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 · July 3, 2026 $735,000
Current ask $725,000
Reduced $10,000 (-1.4%) 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
7405 Whispering Winds Dr
Whispering Oaks 03
$725,000 $380 3 bd / 3 ba 1,906 sqft , 2026-08-13
7002 Whispering Oaks Dr
Whispering Oaks 01
$729,000 $329 5 bd / 4 ba 2,216 sqft , 2025-08-08
6701 Rearden Rd
Western Hills At Cherry Creek
$684,000 $426 4 bd / 2 ba 1,607 sqft , 2026-07-14
6800 Rearden Rd
Western Hills At Cherry Creek
$655,000 $443 3 bd / 2 ba 1,478 sqft , 2026-07-22
6303 Cannes Cir
Cherry Creek Ph 06 Sec 02 Amd
$799,000 $431 3 bd / 2 ba 1,854 sqft , 2026-07-28

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
$3,480/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
$145,000
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,957
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,048

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 August 4, 2026.

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