Active Listing  ·  132 days on market

3907 Cresthill Dr

Austin, TX 78731
$1,200,000
3 Bed 3 Bath 2,416 sqft $497/sqft Built 1973 0.32 acres Pool Northmoor Park

Located in the coveted Northwest Hills neighborhood, this home is tucked away on a quiet cul-de-sac, offering exceptional privacy and a serene, tree-filled setting.

Thoughtfully updated, the home beautifully honors its original design, blending timeless character with modern livability. Clean lines and a mid-century modern influence define the architecture, while an efficient floor plan offers 3 bedrooms, 2.5 baths, and multiple living areas. All bedrooms and bathrooms are conveniently located on the main level, along with a versatile office or secondary living space. A lower-level den adds flexibility for media, work, or recreation.

Set on a generous 1/3-acre lot, the outdoor living is equally inviting. A striking and spacious updated deck overlooks a turfed yard—ideal for entertaining, play, or quiet relaxation—creating a seamless extension of the home’s living spaces.

A rare opportunity to own a residence that combines architectural integrity, thoughtful updates, and an exceptional location in one of Central Austin’s most sought-after neighborhoods.

At $497/sqft, this home is priced 27% 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

3907 Cresthill Dr, Austin, TX 78731

Property Details

Price $1,200,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,416 sqft
Lot Size 0.32 acres (13,852.08 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Northmoor Park
County Travis
Zip Code 78731
$/sqft $497/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,881
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223797316
List Date March 25, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
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
3309 Goodwin Ave #A
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
3309 Goodwin Ave #B
Division A
$1,200,000 $643 3 bd / 3 ba 1,865 sqft , 2026-03-13
4324 Far West Blvd
Meadow Mountain 03
$1,200,000 $398 4 bd / 3 ba 3,013 sqft , 2024-12-06
3107 Frijolita St
Oak Shores On Lake Austin Sec
$1,200,000 $400 3 bd / 3 ba 2,998 sqft , 2026-04-18
7414 W Guadalupe Street None #1
Northway Crest Sec 02
$1,200,000 $544 4 bd / 4 ba 2,206 sqft , 2026-05-22

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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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