Active Listing  ·  24 days on market

4508 Craigwood Dr

Austin, TX 78725
$395,000
3 Bed 2 Bath 1,394 sqft $283/sqft Built 1972 0.33 acres 1-Car Garage Pool Craigwood

Thoughtfully remodeled from top to bottom with a new roof, windows, garage door, Luxury Vinyl Plank flooring, interior and exterior paint, appliances, plumbing fixtures, electrical fixtures, Hardie (Fiber Cement) siding, countertops and more. One of this home's standout features is the expansive .330-acre cul-de-sac lot --- you just don't find this kind of space in Austin anymore. An increasingly rare find, it offers buyers room to gather with family and friends, create the backyard they've always imagined, let children and pets play, plant a garden, or simply enjoy the privacy and breathing room that comes with a generously sized homesite. Fresh landscaping enhances the curb appeal. Please see the attached list of improvements. Move-in ready and packed with value, this is a property your buyers won't want to miss. Contact the Listing Agent with questions.

At $283/sqft, this home is 28% 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 $395,000
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 $283/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.

Schedule a Call →

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
Current ask $395,000
Reduced $4,000 (-1.0%) 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
4806 Carsonhill Dr
Crest Hills Sec 01
$399,000 $261 3 bd / 2 ba 1,527 sqft , 2026-08-05
4906 Eastdale Dr E
Springdale Hills
$390,000 $273 3 bd / 2 ba 1,430 sqft , 2026-06-26
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
6400 Craigwood Cir
Craigwood Sec 01
$389,000 $251 3 bd / 2 ba 1,547 sqft , 2026-07-08

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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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 August 21, 2026.

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