Active Listing  ·  5 days on market

2931 Cohoba Dr

Austin, TX 78748
$449,988
3 Bed 2 Bath 1,649 sqft $273/sqft Built 1997 0.13 acres 2-Car Garage Pool Cherry Creek Sec 14

Beautifully refreshed and move-in ready, this three-bedroom, two-bath home sits on a corner lot in desirable Cherry Creek. Fresh paint and replaced carpet create a welcoming backdrop for a versatile layout. Just inside the entry, an open flex space offers endless possibilities for a home office, playroom, second living area or formal dining room.

At the heart of the home, the kitchen features quartz countertops, stainless steel appliances and a center island with seating. The adjoining breakfast area flows into the main living room, creating a seamless setting for everyday living and entertaining. The spacious primary suite offers a walk-in closet and a spa-like bathroom with dual vanities, a walk-in shower and a soaking tub. Two guest bedrooms feature step-in closets and share a full bathroom with a shower/tub combination. A conveniently located laundry room leads toward the garage, where ample built-in cabinetry provides additional storage. Enjoy the outdoors from the screened-in porch or covered patio, with a low-maintenance yard ideal for an easy lock-and-leave lifestyle. Conveniently located near H-E-B, Central Market, Starbucks, local restaurants and entertainment, with quick access to MoPac and nearby schools. Thoughtful updates, flexible spaces and a sought-after South Austin location make this Cherry Creek home a beautiful place to settle in.

At $273/sqft, this home is 30% 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

2931 Cohoba Dr, Austin, TX 78748

Property Details

Price $449,988
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,649 sqft
Lot Size 0.13 acres (5,610.53 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Sec 14
County Travis
Zip Code 78748
$/sqft $273/sqft
Days on Market ,
HOA $183/Annually
Annual Tax Est. $7,538.88
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248537139
List Date October 3, 2026
Elementary School Cowan
Middle School Covington
High School Bowie
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
3410 Plantation Rd
Oak Plantations
$460,000 $334 3 bd / 2 ba 1,376 sqft , 2026-08-07
9833 Briar Ridge Dr
Tanglewood Forest Sec 02 Ph C
$434,000 $247 3 bd / 2 ba 1,759 sqft , 2026-09-28
8500 Kearsarge Cv
Shiloh Ph 04 Sec 02
$470,000 $369 3 bd / 2 ba 1,273 sqft , 2026-07-30
10224 Beard Ave
Bauerle Ranch
$429,950 $206 3 bd / 3 ba 2,086 sqft , 2026-07-20
8001 Willet Trl
Cherry Creek
$425,000 $306 3 bd / 2 ba 1,388 sqft , 2026-09-10

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
$2,160/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
$89,998
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$787
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,270

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 October 5, 2026.

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