Active Listing  ·  28 days on market

3601 Cherry Ln

Austin, TX 78703
$3,125,000
4 Bed 4 Bath 2,778 sqft $1,125/sqft Built 2016 0.17 acres 2-Car Garage Pool Walsh Place

3601 Cherry Lane pairs modern architecture with the warmth and ease of everyday living. Natural light pours through expansive windows, highlighting clean lines, wide-plank wood floors, custom built-ins, and a thoughtfully designed kitchen made for gathering. Sophisticated without feeling precious, every detail has been considered to create a home that feels as comfortable as it is beautifully designed.

The connection to the outdoors is effortless, with multiple living spaces opening to a private, tree-canopied retreat designed as an extension of the home. Intimate dining and lounge areas, lush landscaping, a hot tub, and private sauna create spaces to gather, unwind, and recharge beneath the mature trees.

Set on a lush corner lot in prestigious Tarrytown, 3601 Cherry Lane offers a rare blend of thoughtful design, privacy, and resort-style living—all just minutes from Lake Austin, Mozart’s Coffee Roasters, Hula Hut, Lions Municipal Golf Course, Casis Elementary, and Downtown Austin.

At $1,125/sqft, this home is priced 187% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3601 Cherry Ln, Austin, TX 78703

Property Details

Price $3,125,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,778 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Walsh Place
County Travis
Zip Code 78703
$/sqft $1,125/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243058678
List Date August 25, 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.

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
2415 McCall Rd
Tarrytown
$2,998,000 $843 5 bd / 5 ba 3,557 sqft , 2026-08-07
2705 Warren St
Mont-Dale
$2,899,000 $846 4 bd / 5 ba 3,426 sqft , 2026-09-02
2909 Hillview Rd
Brown Herman Add 02 Sec 05
$2,750,000 $824 4 bd / 3 ba 3,337 sqft , 2026-09-07
2114 W 11th St
George W Spear League
$3,547,990 $1,000 5 bd / 5 ba 3,548 sqft , 2026-08-21
2433 Westlake Dr
Orleans Harbor Condo Amd
$2,695,000 $1,256 3 bd / 3 ba 2,146 sqft , 2026-09-03

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
$15,000/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
$625,000
20% conventional investment loan

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

Estimated Gross Rent+$15,000
Principal + Interest−$17,054
Property Tax (~2.1% TX avg)−$5,469
Insurance (~0.5%)−$1,302
Est. Monthly Cash Flow $-8,825

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 21, 2026.

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