Active Listing  ·  67 days on market

3405 Cascadera Dr

Austin, TX 78731
$1,495,000
4 Bed 3 Bath 2,566 sqft $583/sqft Built 1962 0.34 acres 2-Car Garage Pool Balcones Park Edgemont Sec 02

A rare third of an acre in the Balcones neighborhood, minutes from Tarrytown, Northwest Hills, downtown Austin, private schools, and premier shopping. This single-story home offers space that's increasingly hard to find this close in, on a quiet street zoned to Casis Elementary, O Henry Middle, and Austin High School. A brick front porch and porch swing set a warm tone from the curb, a fitting introduction to a home built in 1962 and thoughtfully updated ever since.

Inside, one level lives easy. The open living and dining space is anchored by beamed ceilings, built-in bookcases, and a wood-burning fireplace, while a light-filled study adds flexibility as a second living area, playroom, or home office. The kitchen brings granite countertops, a newer Fisher & Paykel refrigerator and faucet, and freshly painted cabinetry. The entire interior has just been freshly painted throughout, offering a bright, move-in-ready home. Down the hall, four bedrooms form a private wing, led by the primary suite and its fully remodeled bathroom, complete with auto curtains. A front bedroom also features auto curtains.

Recent updates include new carpet in the secondary bedrooms (2026), windows (2023), water heater (2022), and garage door and motor (2021).

Outside, a stone patio opens to a sloped, tree-shaded backyard with room to spread out, whether that means hosting friends on a fall evening or setting aside a corner for a future playscape. Automatic sprinklers and a storage shed round out the space. The seller has looked into the possibility of enlarging the kitchen and adding a second story, offering a glimpse of what the home could become for a buyer with that vision.

This is single-story living on a substantial lot, in one of Austin's most established and connected neighborhoods.

At $583/sqft, this home is priced 48% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3405 Cascadera Dr, Austin, TX 78731

Property Details

Price $1,495,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,566 sqft
Lot Size 0.34 acres (14,984.64 sqft)
Year Built 1962
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Balcones Park Edgemont Sec 02
County Travis
Zip Code 78731
$/sqft $583/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $24,258.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239834757
List Date July 17, 2026
Elementary School Casis
Middle School O Henry
High School Austin
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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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
4006 Montage Pass
Grove
$1,599,990 $489 3 bd / 4 ba 3,270 sqft , 2026-08-17
4008 Montage Pass
Grove
$1,378,221 $421 3 bd / 4 ba 3,270 sqft , 2026-07-15
3007 Village Dr
Highland Village Sec 02 Pt 02
$1,720,000 $644 4 bd / 4 ba 2,671 sqft , 2026-07-06
4206 Endurance Way
Grove Master Condos
$1,249,990 $382 3 bd / 4 ba 3,270 sqft , 2026-04-30
4202 Endurance Way
Grove Master Condos
$1,194,990 $365 3 bd / 4 ba 3,270 sqft , 2026-04-30

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
$7,176/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
$299,000
20% conventional investment loan

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

Estimated Gross Rent+$7,176
Principal + Interest−$8,159
Property Tax (~2.1% TX avg)−$2,616
Insurance (~0.5%)−$623
Est. Monthly Cash Flow $-4,222

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 September 22, 2026.

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