Active Listing  ·  20 days on market

3008 Cedarlawn Cir

Austin, TX 78723
$775,000
4 Bed 3 Bath 1,856 sqft $418/sqft Built 1963 0.23 acres 2-Car Garage Pool Cherrylawn Sec 02

Welcome to 3008 Cedarlawn Cir, a fully remodeled luxury residence situated on a corner lot, where distinctive architecture meets custom designer-curated style in the heart of East Austin. This exceptional home offers 4 bedrooms, including a downstairs bedroom, 3 full bathrooms, and a home office. Additional highlights include 2 oversized covered porches, and an extended second-story balcony overlooking the tree-filled surroundings. The bright, open-concept interior showcases wide-plank flooring, contemporary lighting, custom cabinetry, sophisticated accent walls, and thoughtfully selected finishes throughout. The showstopping kitchen features sage-green cabinetry, quartz countertops, a full-height backsplash, gas cooking, and an abundance of natural light. Upstairs you will be introduced to glass railing with a beautiful chandelier being the center piece. The spacious primary retreat offers a dramatic wood-detailed ceiling, custom built-ins, a generous walk-in closet, and a spa-inspired bathroom with elegant tilework, gold fixtures, and a walk-in shower. Outside, enjoy mature trees, a private fenced yard, and inviting spaces for relaxing or entertaining. Ideally positioned in East Austin’s high-growth corridor, just minutes from Mueller, Downtown Austin, UT, I-35, US-183, and US-290. Walkable to Bartholomew Park and close to the Little Walnut Creek Greenbelt, local restaurants, shopping, and the popular Mueller Farmers Market, this exceptional home delivers luxury design, generous living space, neighborhood charm, and outstanding urban convenience.

At $418/sqft, this home is priced 6% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3008 Cedarlawn Cir, Austin, TX 78723

Property Details

Price $775,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,856 sqft
Lot Size 0.23 acres (9,966.53 sqft)
Year Built 1963
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherrylawn Sec 02
County Travis
Zip Code 78723
$/sqft $418/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,706.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245719644
List Date September 3, 2026
Elementary School Winn
Middle School Pearce Middle
High School Lyndon B Johnson (Austin ISD)
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.

Schedule a Call →

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
6708 Notre Dame Dr
University Hills Sec 01
$759,000 $338 5 bd / 3 ba 2,245 sqft , 2026-08-28
4207 Margarita St
Mueller
$799,500 $412 3 bd / 3 ba 1,942 sqft , 2026-07-09
2708 Bristol Dr
Highlands / University Hills in East Austin
$725,000 $367 3 bd / 3 ba 1,973 sqft , 2026-08-28
6905 Drexel Dr
Dunbarton Oaks
$725,000 $315 5 bd / 4 ba 2,300 sqft , 2026-09-11
3305 Hycreek Dr
Cherrylawn Sec 06
$720,000 $319 4 bd / 4 ba 2,254 sqft , 2026-06-25

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
$3,720/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
$155,000
20% conventional investment loan

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

Estimated Gross Rent+$3,720
Principal + Interest−$4,229
Property Tax (~2.1% TX avg)−$1,356
Insurance (~0.5%)−$323
Est. Monthly Cash Flow $-2,188

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 12, 2026.

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