Active Listing  ·  1 day on market

8300 Grayledge Dr

Austin, TX 78753
$540,000
4 Bed 3 Bath 2,100 sqft $257/sqft Built 1965 0.24 acres 2-Car Garage Pool Heritage Hills Sec 02

This classic 4 bedroom, 2.5 bath two-story home sits on a corner lot in Heritage Hills, an established, tree-lined North Austin neighborhood. Large live oaks shade the front, side, and back yards. Native perennial beds line the front walk with the backyard xeriscaped for low maintenance.

The kitchen opens generously into the dining area, anchored by a peninsula with bar seating that provides space to cook, gather, or just linger over coffee. Updated cabinets, countertops, and appliances give the space a clean, current feel.

Hardwood floors and stairs run through the upper level with tile covering the first floor alongside a wood burning fireplace. The roof was replaced in 2021, exterior siding was replaced in 2019, and the windows are double hung, double pane vinyl for energy efficiency.

Outside, a covered wood deck off the back gives shaded space to sit, and raised vegetable beds are ready for next season. The attached 2 car garage includes a covered carport, plus a backyard shed in good condition providing extra storage.

At $257/sqft, this home is 34% 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

8300 Grayledge Dr, Austin, TX 78753

Property Details

Price $540,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,100 sqft
Lot Size 0.24 acres (10,380.35 sqft)
Year Built 1965
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage Hills Sec 02
County Travis
Zip Code 78753
$/sqft $257/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,958.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242150670
List Date August 3, 2026
Elementary School Hart
Middle School Dobie (Austin ISD)
High School Northeast Early College
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
13002 Cedarhurst Cir
Forest North Estates Ph 2
$540,000 $259 4 bd / 2 ba 2,086 sqft , 2026-04-15
10219 W Rutland Vlg
Rutland Village Sec 01
$540,000 $336 3 bd / 2 ba 1,606 sqft , 2026-05-05
13111 Tilder Dr
Milwood Sec 31A
$540,000 $208 3 bd / 3 ba 2,590 sqft , 2026-05-15
3409 Banton Rd
Giles Place Sec 02
$540,000 $301 3 bd / 3 ba 1,795 sqft , 2026-07-20
6109 Cherrylawn Cir #A
Manor Townhomes
$539,999 $253 3 bd / 4 ba 2,133 sqft , 2026-05-18

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
$2,592/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
$108,000
20% conventional investment loan

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

Estimated Gross Rent+$2,592
Principal + Interest−$2,947
Property Tax (~2.1% TX avg)−$945
Insurance (~0.5%)−$225
Est. Monthly Cash Flow $-1,525

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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