Active Listing  ·  40 days on market

8308 Hanbridge Ln

Austin, TX 78736
$465,000
4 Bed 3 Bath 2,220 sqft $209/sqft Built 1983 0.29 acres Pool Windmill Run Sec 01

This spacious home is a nature lovers delight! The .29 acre tree studded lot slopes to a dry creek bed in a broad field that offers a wonderland for kids /cats to explore, and is a 3 block walk to beautiful Windmill Run Park, a 50 acre park featuring hiking paths, climbing structures, jungle gyms ,swings, and picnic tables - dogs allowed. The 2 car garage was converted by previous owners to a bedroom, living room, and small office room, adjacent to a full bath. There is a separate entrance, with the potential to add a kitchenette that could bring rent income, or an apartment to accomodate an extended family, your college age kid, or even for a home business. Recent upgrades include new carpet on stairs, upstairs, and in the conversion, a new Carrier central air and heat system ( aug 2026). Electrical service panel was replaced in 2025 and has a transfer switch and generator plug so you can be ready for any power outages, 30 year dimensional shingle roof was installed in 2021, gas water heater was installed in 2020 . Previous owners had installed vinyl sash insulated windows and sliding doors, and resided the exterior with hardisiding. The kitchen includes TWO pantry closets, a Kenmore stainless steel lined dishwasher, 5 burner gas stove , 1 year old GE french door fridge with bottom freezer and icemaker w/warranty. The living room is large and has a brick fireplace with raised hearth that is decorative only. Upstairs, you will find 2 master suites and another bedroom. The larger master has french doors opening to a balcony with a view of the open land maintained by the city , providing a great buffer between you and the homes behind it. The yard would require a fence at the back if you need to enclose dogs. There are metal posts for a fence down both sides of the lot ( the neighbors on both sides have existing fences.) The neighborhood has Google Fiber and underground utilities, and is convenient to nearby shopping, dining ,entertainment and recreation.

At $209/sqft, this home is 47% 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

8308 Hanbridge Ln, Austin, TX 78736

Property Details

Price $465,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,220 sqft
Lot Size 0.29 acres (12,684.67 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Windmill Run Sec 01
County Travis
Zip Code 78736
$/sqft $209/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,987.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245054758
List Date August 29, 2026
Elementary School Patton
Middle School Small
High School Bowie
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 · August 29, 2026 $475,000
Current ask $465,000
▼ Reduced $10,000 (-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
7704 FENTON Cv
Windmill Run Sec 03-D
$460,000 $285 3 bd / 3 ba 1,612 sqft , 2026-09-19
8501 Selway Dr
Windmill Run Sec 02-A
$449,900 $284 3 bd / 3 ba 1,582 sqft , 2026-08-07
8407 Red Willow Dr
Windmill Run Sec 02-A
$435,000 $204 4 bd / 3 ba 2,129 sqft , 2026-08-12
8400 Spring Valley Dr
Windmill Run Sec 02-A
$415,000 $266 3 bd / 3 ba 1,559 sqft , 2026-07-13
6705 Covered Bridge Dr #2
Gardens At Covered Bridge
$410,000 $207 3 bd / 3 ba 1,982 sqft , 2026-07-10

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
$2,232/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
$93,000
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,538
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,314

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 7, 2026.

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