Active Listing  ·  62 days on market

8501 Selway Dr

Austin, TX 78736
$449,900
3 Bed 3 Bath 1,582 sqft $284/sqft Built 1983 0.15 acres 2-Car Garage Pool Windmill Run Sec 02-A

Welcome to this charming 3-bedroom, 2.5-bath home located in the highly sought after area of Southwest Austin! As you step inside, you'll notice the spacious open layout, beautiful flooring, and high ceilings that create a warm and inviting atmosphere. The updated kitchen is sure to impress with beautiful countertops, abundant cabinetry, an undermount sink, gas range, stylish backsplash, and stainless steel appliances, including a refrigerator that conveys. The primary suite features an updated bathroom and an incredible walk-in shower. Step outside to a beautiful backyard shaded by mature trees that create a wonderful outdoor setting. The terraced backyard features decorative stone walls, multiple levels to enjoy, and plenty of space for entertaining, relaxing, gardening, or playing. Whether you're hosting family and friends or simply enjoying a quiet evening outside, this backyard offers a rare combination of privacy, character, and usable outdoor space. Additional features include recessed lighting, ceiling fans throughout, a 2-car garage with a storage closet, and a cozy stone fireplace that's perfect for the cooler months. The location is fantastic—just minutes from local eateries, coffee shops, breweries, shopping, parks, and more! This home is a rare gem that combines modern upgrades with classic charm, offers the added benefit of no HOA, and is the perfect place to experience Southwest Austin living.

At $284/sqft, this home is 27% 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

8501 Selway Dr, Austin, TX 78736

Property Details

Price $449,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,582 sqft
Lot Size 0.15 acres (6,590.63 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Windmill Run Sec 02-A
County Travis
Zip Code 78736
$/sqft $284/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,137
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242583076
List Date August 7, 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 7, 2026 $479,000
Previous ask $464,900
Current ask $449,900
▼ Reduced $29,100 (-6.1%) 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
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
8813 Mountain Shadows Cv #A
Mountain Shadows Cove Condomin
$379,900 $243 2 bd / 3 ba 1,564 sqft , 2026-08-30

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
$2,160/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
$89,980
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,455
Property Tax (~2.1% TX avg)−$787
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,269

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 September 11, 2026.

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