Active Listing  ·  8 days on market

3307 Hollywood Ave

Austin, TX 78722
$625,000
2 Bed 1 Bath 812 sqft $770/sqft Built 1939 0.12 acres Pool University Park

The character of a 1939 Austin bungalow, thoughtfully reimagined for modern living. Located at 3307 Hollywood Avenue in the heart of Cherrywood, this beautifully renovated 2-bedroom, 1-bath home blends historic charm, elevated design, and modern functionality across 812 thoughtfully utilized square feet.

Framed by magnificent live oaks and contemporary landscaping, the home makes a memorable first impression. Inside, custom maple cabinetry, quartz countertops, terrazzo bathroom flooring, and handmade tile reflect a carefully curated design. A reimagined floor plan includes a dedicated pantry, stacked laundry, and an exceptionally spacious primary walk-in closet. The expanded bathroom features a double vanity and generous walk-in shower, rarely found in a bungalow of this size.

Extensive improvements include a metal roof, replacement windows, updated plumbing and electrical systems, and foundation pier repairs, bringing modern convenience to this classic Austin home.

A 160-square-foot covered patio opens to a private, low-maintenance turfed backyard shaded by mature live oaks, creating an inviting extension of the living space.

Just two blocks from Cherrywood Coffeehouse and a stroll to Manor Road favorites including Salty Sow, Dai Due, Este, and Patrizi's. UT, Downtown Austin, and East Austin's dining and entertainment destinations are conveniently close.

Historic character, considered design, and an unmistakable sense of place. A distinctive Cherrywood bungalow that lives beautifully beyond its footprint.

Tighten the opening into one complete sentenceRemove the full street address

At $770/sqft, this home is priced 97% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3307 Hollywood Ave, Austin, TX 78722

Property Details

Price $625,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 812 sqft
Lot Size 0.12 acres (5,179.28 sqft)
Year Built 1939
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision University Park
County Travis
Zip Code 78722
$/sqft $770/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,781.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251212145
List Date November 4, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

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
1001 E 39th St
Hancock
$645,000 $635 2 bd / 2 ba 1,016 sqft , 2026-09-10
1606 Cedar Ave #B
Glenwood Add
$650,000 $602 2 bd / 3 ba 1,080 sqft , 2026-08-14
3503 Robinson Ave
University Park
$650,000 $804 2 bd / 2 ba 808 sqft , 2026-09-25
3705 Tower View Ct
Manor Hill
$525,000 $484 2 bd / 1 ba 1,085 sqft , 2026-09-03
3307 Helms St
34th & Helms Condo
$498,000 $587 2 bd / 1 ba 848 sqft , 2026-09-10

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
$3,000/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
$125,000
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 · 41 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. The written content was last updated on November 11, 2026.

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

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