Active Listing  ·  7 days on market

3301 Western Dr

Austin, TX 78745
$725,000
3 Bed 2 Bath 1,646 sqft $440/sqft Built 1981 0.22 acres 2-Car Garage Pool Western Hills At Cherry Creek

Nestled on an impressive 0.2-acre lot in the heart of South Austin, this beautifully updated home seamlessly pairs modern elegance with everyday comfort. Enjoy the quiet charm of an established neighborhood just minutes from favorite local spots, H-E-B, Costco, and Whole Foods, with the trails of Stephenson Nature Preserve and Williamson Creek Greenbelt right down the road.

Fresh landscaping and crisp exterior finishes give the home effortless curb appeal. Inside, natural light floods the open-concept living space, where custom soft-close cabinetry, a wood-burning fireplace, and an extended breakfast bar—complete with a built-in wine fridge—create the perfect setting for morning coffee or evening relaxation. A dedicated dining room makes hosting a breeze, while the private primary suite offers a quiet retreat featuring a dual vanity and a spacious walk-in shower.

Step outside to the covered back patio, ideal for weekend barbecues and entertaining in the expansive backyard. Complemented by subtle, high-quality upgrades throughout, the home comes turnkey with window tinting, a newer roof and HVAC system, and brand-new appliances and window coverings included.

At $440/sqft, this home is priced 12% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3301 Western Dr, Austin, TX 78745

Property Details

Price $725,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,646 sqft
Lot Size 0.22 acres (9,404.6 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Western Hills At Cherry Creek
County Travis
Zip Code 78745
$/sqft $440/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,154.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248268147
List Date October 1, 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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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
6806 Rearden Rd
Western Hills At Cherry Creek
$695,000 $459 3 bd / 2 ba 1,514 sqft , 2026-09-28
6303 Cannes Cir
Cherry Creek Ph 06 Sec 02 Amd
$760,000 $410 3 bd / 2 ba 1,854 sqft , 2026-07-28
2713 Inridge Dr
Cherry Creek Ph 07 Sec 01 Amd
$765,000 $396 3 bd / 2 ba 1,930 sqft , 2026-08-28
6712 Blarwood Dr
Forest Blarwood
$674,000 $311 3 bd / 3 ba 2,170 sqft , 2026-08-27
3203 Western Dr
Western Hills At Cherry Creek
$649,900 $390 3 bd / 2 ba 1,666 sqft , 2026-09-25

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
$3,480/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 October 7, 2026.

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