Active Listing  ·  71 days on market

4508 Craigwood Dr

Austin, TX 78725
$389,900
3 Bed 2 Bath 1,394 sqft $280/sqft Built 1972 0.33 acres 1-Car Garage Pool Craigwood

Tucked away on a quiet cul-de-sac and offered at $389,900, 4508 Craigwood combines a comprehensive remodel, generous outdoor space and an Austin market price point.

Completely remodeled and never lived in since renovation, this move-in-ready 3-bed, 2-bath home pairs modern interiors with a spacious .33-acre cul-de-sac lot. The light-filled interior features new flooring, recessed lighting, updated fixtures and a comfortable, open flow between the living and dining spaces. The fully remodeled kitchen features quartz countertops, stainless steel appliances, updated cabinetry and modern fixtures while both bathrooms have been refreshed with clean, contemporary finishes.

Beyond the cosmetic updates, extensive improvements include a new roof, windows, garage door, Hardie siding, updated plumbing and electrical fixtures offering a fresh start in an established neighborhood. Three bedrooms provide flexibility for everyday living, guests or a dedicated home office.

Outside, the oversized lot is a standout. A spacious back patio opens to a fenced backyard with plenty of room to entertain, garden, play or create an outdoor space all your own. An attached garage adds everyday convenience and there is no HOA.

At $280/sqft, this home is 29% 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

4508 Craigwood Dr, Austin, TX 78725

Property Details

Price $389,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,394 sqft
Lot Size 0.33 acres (14,370.44 sqft)
Year Built 1972
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Craigwood
County Travis
Zip Code 78725
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,321.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240621724
List Date July 29, 2026
Elementary School Norman-Sims
Middle School Kealing
High School Lyndon B Johnson (Austin ISD)
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 29, 2026 $399,000
Previous ask $395,000
Current ask $389,900
▼ Reduced $9,100 (-2.3%) 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
4913 Single Shot #B Cir
Fort View Hills Sec 01
$389,900 $321 2 bd / 3 ba 1,215 sqft , 2026-01-14
5405 Rusk Ct
Senate Hills Sec 01
$389,900 $319 3 bd / 2 ba 1,224 sqft , 2026-06-18
5202 Dimesky Ln
Park at 51 East affordable
$396,000 $221 3 bd / 3 ba 1,793 sqft , 2026-08-23
4806 Carsonhill Dr
Crest Hills Sec 01
$399,000 $261 3 bd / 2 ba 1,527 sqft , 2026-08-05
4802 Carsonhill Dr
Crest Hills Sec 01
$399,500 $283 3 bd / 2 ba 1,410 sqft , 2026-07-14

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
$1,872/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
$77,980
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (~2.1% TX avg)−$682
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,100

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 23, 2026.

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