About This Home

MOTIVATED SELLER — READY TO CONSIDER OFFERS! Charming Austin home offering a bright, open-concept layout ideal for everyday living and entertaining. The spacious kitchen features ample cabinetry and flows seamlessly into the main living area, creating a comfortable gathering space. The primary suite provides a relaxing retreat, while additional bedrooms offer flexibility for guests, a home office, or hobbies. Enjoy outdoor living in the private backyard, perfect for relaxing or hosting. Conveniently located near parks, shopping, dining, and major commuter routes. Seller is motivated and ready to consider offers. Bring your offer and make this Austin home yours!

At $302/sqft, this home is 23% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6915 Cherry Meadow Dr, Austin, TX 78745

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Property Details

Price $390,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,290 sqft

Lot Size 0.13 acres (5,632.31 sqft)

Year Built 1972

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Cherry Meadows

County Travis

Zip Code 78745

$/sqft $302/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,091.86

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231602957

List Date May 27, 2026

Elementary School Cunningham

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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 · May 27, 2026 $499,000

Previous ask $425,000

Current ask $390,000

▼ Reduced $109,000 (-21.8%) 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

902 Austin Highlands Blvd
Austin Highlands Sec 01 $384,888 $362 3 bd / 2 ba 1,064 sqft , 2026-07-10

8024 Bird Song Cir
Novel $399,990 $253 3 bd / 3 ba 1,583 sqft , 2026-09-07

2808 Dillion Hill Dr
Cherry Creek Ph 06 Sec 01 $400,000 $370 3 bd / 2 ba 1,080 sqft , 2026-09-17

6611 Boleynwood Dr
Cherry Creek Ph 03 Sec 03 $379,900 $303 3 bd / 2 ba 1,252 sqft , 2026-10-16

8109 Ermis Farm Rd
Novel $405,990 $256 3 bd / 3 ba 1,583 sqft , 2026-07-22

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

$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

$78,000

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)−$683

Insurance (~0.5%)−$163

Est. Monthly Cash Flow $-1,102

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

About the Author

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 19, 2026.

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

6915 Cherry Meadow Dr