Active Listing  ·  236 days on market

3000 Cohoba Dr

Austin, TX 78748
$482,500
3 Bed 3 Bath 1,788 sqft $270/sqft Built 1998 0.27 acres 2-Car Garage Pool Cherry Creek Sec 17

Just a block from Cowan Elementary, this Cherry Creek gem sits pretty on an oversized corner lot with a full front landscaping overhaul! No rear neighbors mean extra privacy, and the rare rear-entry 2-car garage is tucked away on a private drive. - Inside, fresh painted cabinetry and brand-new kitchen countertops give the heart of the home a crisp, updated feel. Natural light pours through oversized windows, highlighting the warm wood floors and inviting finishes. You’ll love the two living spaces—one upstairs, one down—plus a cozy fireplace and a wall of windows overlooking the backyard. There’s even a sunny bonus room that’s perfect for plant parents, a reading nook, or your morning coffee spot. - All three bedrooms are upstairs. The primary suite feels like a retreat, with treetop views, a soaking tub, separate shower, and spacious vanity. - Located in South Austin with great schools, you’re just minutes from H-E-B, shopping, dining, the neighborhood dog park, and walking trails. Quick access to Mopac, I-35, and Southpark Meadows

—only 11 miles to downtown—makes life and commuting a breeze.

At $270/sqft, this home is 31% 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

3000 Cohoba Dr, Austin, TX 78748

Property Details

Price $482,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,788 sqft
Lot Size 0.27 acres (11,547.76 sqft)
Year Built 1998
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Sec 17
County Travis
Zip Code 78748
$/sqft $270/sqft
Days on Market ,
HOA $150/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215135446
List Date December 31, 2025
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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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 · December 31, 2025 $558,000
Previous ask $485,000
Current ask $482,500
Reduced $75,500 (-13.5%) 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
8712 Coastal Dr
Maple Run Sec 08
$495,000 $272 3 bd / 3 ba 1,820 sqft , 2026-06-24
2511 Keepsake Dr
Grand Oaks Amd
$465,000 $315 3 bd / 3 ba 1,474 sqft , 2026-07-24
2311 Sheri Oak Ln
Oak Valley Park Sec 03
$455,000 $276 3 bd / 2 ba 1,651 sqft , 2026-07-30
3011 Wadsworth Way
Tanglewood Forest Sec 04 Ph C
$519,999 $236 3 bd / 3 ba 2,201 sqft , 2026-03-26
9833 Briar Ridge Dr
Tanglewood Forest Sec 02 Ph C
$435,000 $247 3 bd / 2 ba 1,759 sqft , 2025-10-28

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
$2,316/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
$96,500
20% conventional investment loan

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

Estimated Gross Rent+$2,316
Principal + Interest−$2,633
Property Tax (~2.1% TX avg)−$844
Insurance (~0.5%)−$201
Est. Monthly Cash Flow $-1,362

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 19, 2026.

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