Active Listing  ·  42 days on market

3309 Graybuck Rd

Austin, TX 78748
$599,000
4 Bed 3 Bath 2,750 sqft $218/sqft Built 1968 0.79 acres 2-Car Garage Pool Palomino Park Sec 03

A Mother in law suit with its own entrance, providing for income producing opportunities! Home rarely become availabe in this neighborhood with no HOA, big lots and tons of privacy! Discover the perfect blend of space, privacy, and convenience at this exceptional South Austin property. Situated on an expansive 0.79-acre lot, this single-story home offers approximately 2,750 square feet of thoughtfully designed living space with four bedrooms and three bathrooms, providing room for everyone to live, work, and entertain with ease.

Inside, the spacious layout features inviting living areas and a well-appointed kitchen with granite countertops, creating the ideal setting for everything from casual family gatherings to hosting friends. Natural light and comfortable finishes throughout make this home feel warm and welcoming.

One of the property's standout features is the attached guest suite with its own private entrance and kitchenette, offering endless possibilities for multigenerational living, visiting guests, a home office, or creative space. Outside, the sprawling lot provides rare flexibility with ample room for a pool, gardens, recreational space, and more. A climate-controlled workshop with electricity adds even more versatility for hobbies, storage, or projects.

Located in a quiet South Austin neighborhood with convenient access to MoPac, shopping, dining, and highly acclaimed Bowie High School, this one-of-a-kind property combines the serenity of country-style living with the conveniences of the city. Opportunities to own nearly an acre in South Austin are few and far between—come experience the possibilities that await at 3309 Graybuck Road.

At $218/sqft, this home is 44% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3309 Graybuck Rd, Austin, TX 78748

Property Details

Price $599,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,750 sqft
Lot Size 0.79 acres (34,412.4 sqft)
Year Built 1968
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Palomino Park Sec 03
County Travis
Zip Code 78748
$/sqft $218/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,488.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238002125
List Date July 13, 2026
Elementary School Baranoff
Middle School Bailey
High School Bowie
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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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 · July 13, 2026 $649,000
Current ask $599,000
Reduced $50,000 (-7.7%) 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 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
3309 Tavistock Dr
Bauerle Ranch
$575,000 $249 4 bd / 3 ba 2,310 sqft , 2026-08-20
4717 Norman Trl
Sendera South Sec 04
$575,000 $281 3 bd / 2 ba 2,046 sqft , 2026-08-24
10504 Beard Ave
Bauerle Ranch
$550,000 $225 4 bd / 3 ba 2,443 sqft , 2026-07-08
3700 Shady Valley Dr
Shady Hollow Sec 03-B
$650,000 $267 3 bd / 3 ba 2,432 sqft , 2026-07-26
2901 FLEET Dr
Bauerle Ranch
$525,000 $204 3 bd / 3 ba 2,578 sqft , 2026-08-06

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 August 22, 2026.

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