About This Home

Brand new, energy-efficient home available by Mar 2026! Have clear views of the great room and dining room from the kitchen with the Swenson’s open concept layout. The primary suite features a spacious walk-in closet. Nestled in the Hill Country northwest of Austin, Creekfall blends natural beauty with modern living in charming Burnet, TX. Known as the “Bluebonnet Capital of Texas,” Burnet offers small-town warmth, scenic landscapes, and a vibrant community spirit. Residents enjoy proximity to the nearby Highland Lakes, making it a perfect spot for outdoor enthusiasts and those seeking a relaxed lifestyle. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $167/sqft, this home is 48% below the Burnet active market average of $320/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

308 Gristmill Rd, Burnet, TX 78611

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Property Details

Price $297,490

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,777 sqft

Lot Size 0.17 acres (7,405.2 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Creekfall

County Burnet

Zip Code 78611

$/sqft $167/sqft

Days on Market ,

HOA $35/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT219714354

List Date February 19, 2026

Elementary School RJ Richey

Middle School Burnet (Burnet ISD)

High School Burnet

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Burnet 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 · February 19, 2026 $319,990

Previous ask $301,490

Current ask $297,490

▼ Reduced $22,500 (-7.0%) 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 Burnet

Comparable Listings Right Now

Homes currently for sale in Burnet 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

313 Wheel Horse Rd
Creekfall $299,990 $203 3 bd / 2 ba 1,478 sqft , 2026-08-24

508 S Vandeveer St
None $300,000 $220 3 bd / 2 ba 1,366 sqft , 2026-06-01

305 Wheel Horse Rd
Creekfall $301,990 $204 3 bd / 2 ba 1,478 sqft , 2026-10-01

108 Hayburner Rd
Creekfall $303,990 $171 3 bd / 2 ba 1,777 sqft , 2026-03-13

320 Wheel Horse Rd
Creekfall $304,990 $206 3 bd / 2 ba 1,478 sqft , 2026-06-26

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

$1,428/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

$59,498

20% conventional investment loan

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

Estimated Gross Rent+$1,428

Principal + Interest−$1,624

Property Tax (~2.1% TX avg)−$521

Insurance (~0.5%)−$124

Est. Monthly Cash Flow $-841

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 Burnet, TX

Burnet 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

About the Author

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 18, 2026.

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

308 Gristmill Rd