Active Listing  ·  35 days on market

8501 Persimmon Grv

Austin, TX 78737
$825,000
4 Bed 3 Bath 3,383 sqft $244/sqft Built 1985 1.16 acres 2-Car Garage Pool Goldenwood West

$15,000 SELLER PAID FLEX CASH INCENTIVE with an acceptable offer and lender approval. Buyers may use the incentive to buy down their interest rate, make home improvements, apply to other closing costs, or reduce the price. This property is located in Goldenwood West in the Dripping Springs community where spacious living, flexibility, & a peaceful Hill Country setting come together! Situated on a beautifully treed 1.16-acre corner lot, this single-story home offers 4 bedrooms, 3 full baths, multiple living & dining areas, a detached office, and two primary suites—ideal for multi-gen. living, guests, or simply room to spread out. At the heart of the home, the family room features high ceilings & a floor-to-ceiling stone, wood-burning fireplace. The flexible floor plan includes 3 living areas, abundant storage, & a second living space with wet bar, fireplace, and patio access. The main primary suite offers a spacious walk-in closet, patio access, & an attached bonus room with separate entrance—perfect for a gym, nursery, playroom, or work-from-home space. A detached, finished office with mini-split HVAC provides a private, comfortable workspace away from the main home. Outdoors, enjoy multiple decks overlooking a spacious, tree-filled yard with raised garden beds, room for a pool or workshop, and space to relax or entertain. A circular driveway and separate driveway offer add'l. parking. Originally remodeled in 2008 with a 1,293-sqft addition, the home has been further refreshed with neutral paint, removal of popcorn ceilings, updated fixtures, & a refinished deck. Residents enjoy community amenities including a pool, playground, & tennis courts. Conveniently located off RM 1826, the home is approximately 20 miles from downtown Austin & just minutes from local wineries, breweries, Salt Lick BBQ, H-E-B, & Belterra Village for shopping, dining, and entertainment. Zoned to highly regarded Dripping Springs ISD. Space to live, work, play, & grow in the Texas Hill Country.

At $244/sqft, this home is 37% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8501 Persimmon Grv, Austin, TX 78737

Property Details

Price $825,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,383 sqft
Lot Size 1.16 acres (50,529.6 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Goldenwood West
County Hays
Zip Code 78737
$/sqft $244/sqft
Days on Market ,
HOA $30/Monthly
Annual Tax Est. $10,944.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246888119
List Date October 8, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress Springs · Sycamore Springs · Dripping Springs

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 · October 8, 2026 $850,000
Current ask $825,000
▼ Reduced $25,000 (-2.9%) 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
7917 Forest View Dr
Goldenwood West Sec 3
$975,000 $304 4 bd / 4 ba 3,206 sqft , 2026-11-10
318 Running Bird Rd
Parten Ranch Ph 5
$985,000 $328 4 bd / 3 ba 3,003 sqft , 2026-11-06
260 Hawthorne Loop
Rim Rock
$995,000 $329 4 bd / 3 ba 3,020 sqft , 2026-09-30

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
$3,960/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
$165,000
20% conventional investment loan

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

Estimated Gross Rent+$3,960
Principal + Interest−$4,502
Property Tax (assumed ~2.1%)−$1,444
Insurance (assumed ~0.5%)−$344
Est. Monthly Cash Flow $-2,330

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 · 41 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. The written content was last updated on November 10, 2026.

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

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