Active Listing  ·  366 days on market

8318 Burrell Dr

Austin, TX 78757
$455,000
3 Bed 2 Bath 984 sqft $462/sqft Built 1958 0.25 acres 2-Car Garage Pool Wooten Park Sec 02

Buyer backed out due to their financing! Come See! Charming Midcentury Cottage in Wooten Park with Room to Grow

Welcome to 8318 Burrell Drive—a delightful 1950s cottage nestled in the heart of Austin’s beloved Wooten Park neighborhood. This updated 3-bedroom, 2-bath home blends original character with thoughtful modern touches, including refinished hardwood floors and renovated kitchen and bathroom spaces that maintain the home’s charm while adding contemporary comfort.

Step out back to a spacious deck—perfect for al fresco dinners, morning coffee, or a cold beverage under the Texas sky. The .23-acre lot offers a deep backyard with towering shade trees and plenty of space to unwind, play, or expand. A detached two-car garage adds functionality and potential for a future studio or workshop.

Location-wise, it doesn’t get much better. You're just blocks from Wooten Neighborhood Park and minutes from Burnet Road, offering easy access to a fantastic lineup of shops, bars, and restaurants—north and south.

And here's the kicker: with recent City of Austin Home Initiative code changes now in effect, this generous lot could accommodate up to three housing units, including an ADU or tiny home (on SF-3 zoned properties like this one). Whether you're looking for a cozy place to call home or a smart investment with room to grow, 8318 Burrell Drive checks all the boxes.

At $462/sqft, this home is priced 18% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

8318 Burrell Dr, Austin, TX 78757

Property Details

Price $455,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 984 sqft
Lot Size 0.25 acres (10,977.12 sqft)
Year Built 1958
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Park Sec 02
County Travis
Zip Code 78757
$/sqft $462/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT204234622
List Date August 13, 2025
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro 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.

Schedule a Call →

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 13, 2025 $499,900
Previous ask $472,000
Current ask $455,000
Reduced $44,900 (-9.0%) 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
3000 Firwood Dr
Northtowne West Sec 01
$449,000 $472 3 bd / 1 ba 952 sqft , 2026-08-06
9304 Hunters Trce
Quail Creek West Sec 03
$439,999 $358 3 bd / 2 ba 1,230 sqft , 2026-08-06
9404 Meadow Vale None
Quail Creek West Sec 04
$439,000 $333 3 bd / 2 ba 1,319 sqft , 2026-06-11
8207 Lazy Ln
Wooten Park Sec 03
$425,000 $359 3 bd / 2 ba 1,184 sqft , 2026-05-19
8007 Stillwood Ln
Stillwood Sec 01
$485,000 $428 3 bd / 2 ba 1,134 sqft , 2026-08-13

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
$2,184/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
$91,000
20% conventional investment loan

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

Estimated Gross Rent+$2,184
Principal + Interest−$2,483
Property Tax (~2.1% TX avg)−$796
Insurance (~0.5%)−$190
Est. Monthly Cash Flow $-1,285

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 August 14, 2026.

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