Active Listing  ·  20 days on market

7308 Eganhill Dr

Austin, TX 78745
$587,500
3 Bed 2 Bath 1,410 sqft $417/sqft Built 1976 0.17 acres 2-Car Garage Pool Cherry Creek Ph 04 Sec 02

|| OPEN HOUSE SAT 11-2pm & SUN 11-2pm || Designer Mid-century modern remodel with a stunning blend of warm wood tones, timeless finishes and nostalgic details. The open concept floor plan is highlighted by 7.5-inch white oak floors throughout, and the living area is anchored by an original 1970s limestone fireplace. The kitchen features custom-built white oak cabinetry paired with, gorgeous stainless steel countertops, a custom white oak hood vent, clever storage solutions and beautiful natural light throughout. The primary bedroom features a custom built-in white oak bed frame with nightstands, a built-out walk-in wardrobe, and a gorgeous ensuite with mid-century-inspired mosaic tile, a white oak vanity and additional storage. The second bathroom is clean and modern with terrazzo tile, Mid-mod mosaic tile and a walnut vanity. Indoor laundry room with stacked washer and dryer (which convey) and plenty of functional storage.

The backyard features a covered patio, storage shed, hot tub, and backs to the beautiful Stephenson Nature Preserve.

Home has a newer roof & tankless hot water heater

At $417/sqft, this home is priced 6% 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

7308 Eganhill Dr, Austin, TX 78745

Property Details

Price $587,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,410 sqft
Lot Size 0.17 acres (7,352.93 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Ph 04 Sec 02
County Travis
Zip Code 78745
$/sqft $417/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,391
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242924314
List Date September 18, 2026
Elementary School Cunningham
Middle School Covington
High School Crockett
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 · September 18, 2026 $600,000
Current ask $587,500
▼ Reduced $12,500 (-2.1%) 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
7901 SEMINARY RIDGE Dr
Cherry Creek Ph 07 Sec 03
$585,000 $359 4 bd / 2 ba 1,629 sqft , 2026-09-10
6200 Blarwood Dr
Cherry Creek Ph 02 Sec 04
$585,000 $421 4 bd / 2 ba 1,388 sqft , 2026-09-03
2603 Burly Oak Dr
Cherry Creek
$599,000 $389 4 bd / 3 ba 1,538 sqft , 2026-10-06
2512 McGregor Dr
Village Sec 05
$599,000 $459 3 bd / 2 ba 1,306 sqft , 2026-10-02
7336 Gaines Mill Ln
Southwest Oaks
$575,000 $313 3 bd / 3 ba 1,836 sqft , 2026-07-31

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
$2,820/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
$117,500
20% conventional investment loan

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

Estimated Gross Rent+$2,820
Principal + Interest−$3,206
Property Tax (~2.1% TX avg)−$1,028
Insurance (~0.5%)−$245
Est. Monthly Cash Flow $-1,659

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 October 4, 2026.

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