Active Listing  ·  12 days on market

8407 Red Willow Dr

Austin, TX 78736
$460,000
4 Bed 3 Bath 2,129 sqft $216/sqft Built 1985 0.16 acres 2-Car Garage Pool Windmill Run Sec 02-A

Welcome to 8407 Red Willow Dr, a well-located 4-bedroom, 2.5-bath home offering 2,129 sq. ft. in the desirable Hills of Southwest Austin/West Oak Hill area. Set against the backdrop of the Texas Hill Country, this home offers a wonderful blend of peaceful neighborhood living and convenient access to Austin and surrounding communities.

Enjoy beautiful Hill Country views and the convenience of Windmill Run Park, a 50-acre neighborhood green space just minutes away. The park features a 0.8-mile loop trail, two play areas, picnic areas and an open sports field—an ideal nearby destination for outdoor recreation and enjoying the surrounding scenery.

Location is a true highlight, with easy access to Hwy 71 and Hwy 290 connecting you to Austin, Bee Cave, Lakeway and Dripping Springs. For those who prefer to leave the car at home, the Oak Hill Flyer Metro stop is within walking distance, providing an additional transportation option. Google Fiber is also available for fast, reliable connectivity.

The property is served by highly rated schools, with multiple educational options available throughout the surrounding area, including Regents School of Austin, a K–12 classical Christian school located approximately 11 minutes away.

Conveniently located near shopping, dining, recreation and major roadways, this home offers the best of Southwest Austin living—peaceful surroundings, Hill Country character and easy access to everything the area has to offer. A great opportunity to enjoy an established neighborhood in a highly sought-after part of Southwest Austin.

At $216/sqft, this home is 45% 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

8407 Red Willow Dr, Austin, TX 78736

Property Details

Price $460,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,129 sqft
Lot Size 0.16 acres (6,760.51 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windmill Run Sec 02-A
County Travis
Zip Code 78736
$/sqft $216/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,845.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241590380
List Date August 12, 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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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
8501 Selway Dr
Windmill Run Sec 02-A
$479,000 $303 3 bd / 3 ba 1,582 sqft , 2026-08-07
7210 Smokey Hill Rd
Scenic Brook West
$495,000 $295 3 bd / 2 ba 1,678 sqft , 2026-07-29
8400 Spring Valley Dr
Windmill Run Sec 02-A
$420,000 $269 3 bd / 3 ba 1,559 sqft , 2026-07-13
8405 Fenton Dr
Windmill Run Sec 03-D
$419,500 $263 3 bd / 2 ba 1,596 sqft , 2026-08-14
8421 Spring Valley Dr
Windmill Run Sec 02-A
$414,000 $280 3 bd / 3 ba 1,478 sqft , 2026-07-20

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
$2,208/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
$92,000
20% conventional investment loan

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

Estimated Gross Rent+$2,208
Principal + Interest−$2,510
Property Tax (~2.1% TX avg)−$805
Insurance (~0.5%)−$192
Est. Monthly Cash Flow $-1,299

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 22, 2026.

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