Active Listing  ·  2 days on market

8305 Summer Place Dr

Austin, TX 78759
$674,900
3 Bed 3 Bath 1,982 sqft $341/sqft Built 1977 0.10 acres 2-Car Garage Pool Summer Wood Sec 05 Amd

Welcome to 8305 Summer Place Drive, a thoughtfully updated home offering the space of a house with the ease of townhome living. This 3-bedroom, 3-bath residence spans 1,982 square feet and backs to peaceful common green space, creating a private setting in the heart of Northwest Austin. Built in 1977, the home pairs the character and established surroundings buyers love about the neighborhood with meaningful recent improvements.

Inside, built-in bookshelves bring warmth and functionality to the living room, while the kitchen features additional built-ins, a charming window seat, and convenient pull-out shelving in many of the cabinets and pantry. The interior was repainted in 2024, creating a fresh backdrop throughout. The spacious primary suite is highlighted by a beautifully remodeled bathroom.

Step outside to the TREX deck overlooking the green space—an inviting extension of the home for morning coffee, outdoor dining, or simply unwinding beneath the trees. Recent improvements include a brand-new roof, new gutters, added attic insulation, a new front sidewalk, and select second-story siding replacement.

With three full bathrooms, generous living spaces, an attached two-bay garage, and a peaceful setting backing to green space, this home offers a compelling combination of space, privacy, and low-maintenance living in one of Northwest Austin's most established neighborhoods.

At $341/sqft, this home is 13% 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

8305 Summer Place Dr, Austin, TX 78759

Property Details

Price $674,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,982 sqft
Lot Size 0.10 acres (4,473.61 sqft)
Year Built 1977
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Summer Wood Sec 05 Amd
County Travis
Zip Code 78759
$/sqft $341/sqft
Days on Market ,
HOA $280/Monthly
Annual Tax Est. $10,967.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248984747
List Date October 6, 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.

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
3203 Foster Ln
Allandale Park Sec 09
$699,000 $428 4 bd / 2 ba 1,634 sqft , 2026-04-03
3837 Steck Ave
Hillcrest Mesa Twnhs
$650,000 $297 3 bd / 3 ba 2,191 sqft , 2026-08-24
3602 Serena Woods Ct
Serena Woods
$699,950 $385 4 bd / 2 ba 1,816 sqft , 2026-07-03
8612 Stillwood Ln
Northwest Terrace Sec 02
$700,000 $387 3 bd / 2 ba 1,808 sqft , 2026-08-28
8303 Briarwood Ln
Northtowne Sec 01
$649,000 $371 4 bd / 2 ba 1,748 sqft , 2026-09-19

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
$3,240/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
$134,980
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,683
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,905

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 7, 2026.

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