Active Listing  ·  14 days on market

8002 Willet Trl

Austin, TX 78745
$529,000
3 Bed 3 Bath 1,516 sqft $349/sqft Built 1989 0.21 acres 2-Car Garage Pool Cherry Creek Ph 08 Sec 05-A

Cherry Creek - 78745- Move-in-ready! This beloved pocket of South Austin is where neighbors are out walking, grabbing coffee, hiking the greenbelt and actually get to know each other. This updated two-story puts that lifestyle right outside your door, with Stephenson Nature Preserve, neighborhood restaurants and shops, and even a working farm with longhorns and horses all within easy reach.

Set on a generous .20-acre lot along a bend in the road, the property feels surprisingly expansive, with mature landscaping, a big front, and a backyard that unfolds like a private little park. Inside, the look is fresh and contemporary without feeling overdone. The main living space is bright and open, with windows on both sides, a fireplace, recessed lighting and plenty of room to create distinct living and, or dining spaces.

The modernized kitchen boasts quartz counters, subway tile, painted cabinetry, stainless appliances and a generous dining area with direct access to the covered back porch. Upstairs, the spacious primary suite delivers tall ceilings, abundant natural light, and a beautifully updated bath with dual vanities, frameless glass shower, chic tile accents, and two walk-in closets. A bonus nook just outside the suite makes an ideal office or reading spot, while two additional bedrooms give you room for family, guests, an office, and more.

Out back, the covered patio is a gorgeous private retreat under a wood-wrapped ceiling with an overhead fan. The extended al fresco patio area is ready for grilling, dining and lingering beneath the soaring shade trees. The fenced yard backs to other tree-lined yards, creating a rare sense of privacy. With Mopac and I-35 nearby, Downtown just 8 miles away and South Menchaca’s nightlife a quick rideshare, this is the South Austin sweet spot.

Come see why this neighborhood is so hard to leave - and why homes here rarely stay a secret for long. Schedule your showing today!

At $349/sqft, this home is 11% 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

8002 Willet Trl, Austin, TX 78745

Property Details

Price $529,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,516 sqft
Lot Size 0.21 acres (8,999.5 sqft)
Year Built 1989
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cherry Creek Ph 08 Sec 05-A
County Travis
Zip Code 78745
$/sqft $349/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,132.88
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247709530
List Date September 24, 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.

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
7901 Woodcroft Dr
Woodstone Village Sec 01
$515,000 $388 3 bd / 2 ba 1,326 sqft , 2026-07-31
7912 Finch Trl
Cherry Creek
$548,000 $316 4 bd / 3 ba 1,734 sqft , 2026-08-10
2400 Broken Oak Dr
Cherry Creek Ph 07 Sec 02
$549,000 $376 3 bd / 2 ba 1,459 sqft , 2026-08-20
7900 Finch Trl
Cherry Creek Ph 08 Sec 03
$549,900 $363 3 bd / 2 ba 1,515 sqft , 2026-06-04
2006 Lear Ln
Southwest Oaks Ph 02
$550,000 $274 3 bd / 2 ba 2,008 sqft , 2026-09-12

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
$2,539/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
$105,800
20% conventional investment loan

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

Estimated Gross Rent+$2,539
Principal + Interest−$2,887
Property Tax (~2.1% TX avg)−$926
Insurance (~0.5%)−$220
Est. Monthly Cash Flow $-1,494

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 27, 2026.

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