Active Listing  ·  12 days on market

3309 Larry Ln #1

Austin, TX 78722
$1,249,990
3 Bed 3 Bath 2,104 sqft $594/sqft Built 2026 0.10 acres Pool New Construction Cherrywood

This is a very special home with excellent craftsmanship and thoughtful design. Gorgeous new construction situated in the Cherrywood Neighborhood with the perfect mix of classic architecture and modern lifestyle. Superb craftsmanship throughout, including native limestone exterior, white oak flooring, architectural arches, intricate mouldings and window casings and a large front porch. Unusually large living room with designer wallpaper and fireplace. Stylish and well-appointed kitchen with custom cabinets, gourmet range, stainless appliances, and spacious island. Primary suite features sun filled space with walk-in closet and a luxurious primary bath with double vanity and quartz countertops. One of the most walkable neighborhoods in Austin, Cherrywood is an easy walk to Moody Center, University of Texas and numerous restaurants and bars. Easy access to Mueller restaurants and park. All the charm of a historic home with the benefits of a modern floor plan, foam insulation, metal roof and 1/2/6 Maverick warranty. Don’t miss your chance to see this legacy home today!

At $594/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

3309 Larry Ln #1, Austin, TX 78722

Property Details

Price $1,249,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,104 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cherrywood
County Travis
Zip Code 78722
$/sqft $594/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241011477
List Date July 23, 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
205 Medina St #1
SHELLEY N G SUBD
$1,250,000 $754 3 bd / 3 ba 1,657 sqft , 2025-10-10
2002 Kinney Ave #B
Kinney Ave Condo Amd 2002
$1,250,000 $654 3 bd / 3 ba 1,910 sqft , 2025-09-25
1615 Spyglass Dr #4
Park 10 Condo Amd
$1,250,000 $558 3 bd / 3 ba 2,241 sqft , 2026-05-27
2504 Wildgrove Dr
Barton Terrace Sec 03
$1,250,000 $688 3 bd / 2 ba 1,816 sqft , 2024-11-25
1227 Newning Ave #10
Travis Heights
$1,250,000 $555 3 bd / 4 ba 2,252 sqft , 2026-06-24

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
$6,000/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
$249,998
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,187
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,530

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

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