Active Listing  ·  38 days on market

8005 Northforest Dr

Austin, TX 78759
$499,900
3 Bed 2 Bath 1,402 sqft $357/sqft Built 1969 0.21 acres 2-Car Garage Pool Balcones West

Extensively renovated, rare one-story home in the highly desirable 78759 area, ideally located just off Spicewood Springs and MoPac! Thoughtfully and extensively renovated, this light-filled home offers a fresh, modern design, warm, inviting spaces, and an incredibly versatile, open floor plan. The stunning kitchen has been completely redesigned with custom cabinetry, new quartz countertops, and a premium Samsung Bespoke appliance suite. Both bathrooms were remodeled from the studs with updated plumbing connections, new subflooring, premium fixtures, and modern vanities. Beautiful LVP flooring flows throughout the entry, living, dining, kitchen, and hallways. Major improvements include all-new energy-efficient windows and frames, new roof and gutters, updated lighting and ceiling fans, interior and exterior paint, and extensive HVAC updates including a new Rheem furnace and indoor coil. The spacious living area opens to the kitchen and offers wonderful natural light, vaulted ceilings with striking beams, and a cozy fireplace. Step outside to the large deck overlooking a private, tree-filled backyard, perfect for relaxing or entertaining. The redesigned xeriscaped front yard adds beautiful, low-maintenance curb appeal. Zoned to Hill Elementary, Murchison Middle, and Anderson High School, with exceptional access to MoPac and 183. Enjoy the convenience of nearby The Domain, The Arboretum, Q2 Stadium, shopping, dining, entertainment, parks, and major employers, while still being within easy reach of Downtown Austin. A beautifully updated home, an outstanding location, and so many possibilities- this one is truly special! The list of renovations is extensive—contact the listing agent for the complete list and details.

At $357/sqft, this home is 9% 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

8005 Northforest Dr, Austin, TX 78759

Property Details

Price $499,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,402 sqft
Lot Size 0.21 acres (9,313.13 sqft)
Year Built 1969
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Balcones West
County Travis
Zip Code 78759
$/sqft $357/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,203.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245193401
List Date August 31, 2026
Elementary School Hill
Middle School Murchison
High School Anderson
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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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
7924 Ridgeline N None N
Trails Ph 01B
$500,000 $265 3 bd / 2 ba 1,887 sqft , 2026-08-19
8302 Bradford Edward Cv #B
Bradford Condo 02
$499,000 $392 2 bd / 3 ba 1,273 sqft , 2026-09-23
8000 Forest Mesa Dr #B
Morningwood Condo Amd
$525,000 $404 2 bd / 2 ba 1,298 sqft , 2026-09-20
4323 Spicewood Springs Rd #10
Live Oak
$535,000 $322 2 bd / 3 ba 1,661 sqft , 2026-10-02
7903 TEALWOOD Trl
TRAILS PHS 1B THE
$450,000 $306 2 bd / 2 ba 1,471 sqft , 2026-10-01

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 6, 2026.

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