Active Listing  ·  36 days on market

3302 Cherrywood Rd

Austin, TX 78722
$730,000
1 Bed 2 Bath 1,225 sqft $596/sqft Built 1948 0.15 acres Pool Upland Add

In the heart of Austin, this one-of-a-kind retreat blends modern comfort with natural beauty. Nestled among mature trees in sought-after Cherrywood, this 1,225-square-foot home offers privacy, flexibility, and opportunity with 1 bedroom, 2 full bathrooms, a versatile loft, and an additional sitting area.

The dramatic living room features soaring ceilings, stunning open beams, skylights, and expansive windows showcasing peaceful treetop views. The functional kitchen features granite countertops, gas range, vent hood, deep sink, and skylight, creating a bright and inviting space for everyday living and entertaining.

The spacious bedroom provides a peaceful retreat with a walk-in closet, ceiling fan, and serene tree views. The versatile loft offers endless possibilities as a home office, guest space, creative studio, second living area, or potential second bedroom.

Outdoor living shines with a wood deck nestled among the trees, a private fenced backyard, and cozy fire pit—creating an inviting setting for relaxing or entertaining. Enjoy the best of Cherrywood with neighborhood favorites like Cherrywood Coffeehouse, Patterson Park, and the Boggy Creek Greenbelt just a short stroll from home, while Mueller, UT, and Downtown Austin are only minutes away.

Originally a duplex, the property retains capped utilities that can be restored, creating potential for an in-law suite, studio, or additional flexible living space. With distinctive architecture, privacy, charm, and versatility, this home offers a rare opportunity in one of Central Austin’s most desirable neighborhoods.

Blue bookcase and paper lantern do not convey.

At $596/sqft, this home is priced 52% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3302 Cherrywood Rd, Austin, TX 78722

Property Details

Price $730,000
Status Active Listing
Beds 1
Full Baths 2
Half Baths ,
Living Area 1,225 sqft
Lot Size 0.15 acres (6,725.66 sqft)
Year Built 1948
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Upland Add
County Travis
Zip Code 78722
$/sqft $596/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,801.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236824930
List Date June 29, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
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
300 Bowie St #1305
Spring Condo Amd
$730,000 $688 2 bd / 2 ba 1,061 sqft , 2026-05-16
2101 Airole Way #A
2101 Airole Way Condos
$730,000 $496 2 bd / 3 ba 1,471 sqft , 2026-05-21
70 Rainey St #1509
70 Rainey Residences
$725,000 $643 2 bd / 2 ba 1,128 sqft , 2026-02-26
1706 Pennsylvania Ave
Johns C R
$725,000 $620 2 bd / 2 ba 1,170 sqft , 2026-03-06
2805 S 5th St
Oak Ridge Heights Sec 03
$725,000 $620 2 bd / 1 ba 1,170 sqft , 2025-10-10

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
$3,504/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
$146,000
20% conventional investment loan

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

Estimated Gross Rent+$3,504
Principal + Interest−$3,984
Property Tax (~2.1% TX avg)−$1,278
Insurance (~0.5%)−$304
Est. Monthly Cash Flow $-2,062

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 →

Neighborhood Context

About Cherrywood

Cherrywood is where East Austin's artsy identity has its deepest roots. The neighborhood - bounded roughly by Airport Boulevard, Manor Road, 51st Street, and Berkman Drive - has long been a hub for Austin's creative community, anchored by the Cherrywood Coffeehouse and surrounded by the kind of craftsman bungalows and cottage-style homes that photographers and painters have claimed as studios for decades.

The neighborhood sits north of the East 6th entertainment corridor and south of Mueller, which gives it a residential calm that the core of East Austin lacks while maintaining easy access to both. Manor Road, the main commercial street bordering Cherrywood to the north, has excellent dining - Paperboy, Hillside Farmacy, and Cherrywood Coffeehouse anchor a walkable strip that draws residents from surrounding neighborhoods.

Cherrywood Coffeehouse

The neighborhood's anchor institution - a beloved independent coffeehouse that has been drawing the Austin arts community to Cherrywood for years. Outdoor seating, live music, and a genuine neighborhood hub.

🍽️
Manor Road Dining

Hillside Farmacy, Paperboy, and the broader Manor Road corridor offer excellent farm-to-table and creative dining within easy walking distance of most Cherrywood homes.

🎨
East Austin Studio Tour

The annual East Austin Studio Tour has Cherrywood at its epicenter - over 200 artists open their studios each November for one of Austin's most beloved cultural events.

🚶
Walk Score 81

Coffeehouse, restaurants, parks, and the Mueller Farmers Market are all walkable. Cherrywood is one of East Austin's most genuinely pedestrian-friendly residential neighborhoods.

Full Cherrywood Guide →

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 →