Active Listing  ·  40 days on market

3305 Hycreek Dr

Austin, TX 78723
$730,000
4 Bed 4 Bath 2,254 sqft $324/sqft Built 1971 0.26 acres 1-Car Garage Pool Cherrylawn Sec 06

Welcome to your hilltop retreat in the heart of East Austin. This beautifully updated 4-bedroom, 3.5-bath home combines generous living spaces, natural light, and modern upgrades in a location that keeps you close to everything.

Inside, soaring ceilings and oversized windows create a bright, airy atmosphere throughout. The spacious floor plan includes two primary-style suites, including a massive main retreat and a second bedroom with its own ensuite bath and walk-in closet, ideal for guests, extended family, or flexible living arrangements.

The open kitchen, dining, and living area was designed for gathering, with seamless flow for entertaining and everyday comfort. Step outside to enjoy two outdoor deck areas perfect for morning coffee, sunset views, or hosting friends.

Recent improvements include new flooring, fresh paint, updated lighting, Ring security cameras, AC, and wood front door and garage doors. Newish major appliances including refrigerator, oven, range, washer, and dryer convey with the home.

Additional highlights include over $50,000 invested in foundation work with a transferable warranty for added peace of mind.

Located near new school development, neighborhood parks with pools, tennis and basketball courts, two HEBs nearby, and just minutes from Mueller, this home offers the perfect mix of space, convenience, and lifestyle.

At $324/sqft, this home is 17% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3305 Hycreek Dr, Austin, TX 78723

Property Details

Price $730,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,254 sqft
Lot Size 0.26 acres (11,512.91 sqft)
Year Built 1971
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherrylawn Sec 06
County Travis
Zip Code 78723
$/sqft $324/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,377
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230458826
List Date June 25, 2026
Elementary School Maplewood
Middle School Martin
High School Northeast Early College
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
1808 Forest Hill Dr
PARK FOREST SEC 1
$730,000 $398 4 bd / 2 ba 1,832 sqft , 2026-04-10
19113 Freeman Cir
Sweetwater Ranch Vlg N Sec 2
$730,000 $261 4 bd / 4 ba 2,796 sqft , 2026-06-16
211 Honey Creek Ct #6
Honey Creek Condominiums
$729,900 $384 3 bd / 3 ba 1,903 sqft , 2026-06-29
3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$729,000 $280 4 bd / 3 ba 2,601 sqft , 2026-06-06
117 Medalist St
Lakeway Sec 17
$729,000 $363 3 bd / 3 ba 2,006 sqft , 2026-06-18

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 →

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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