Active Listing  ·  39 days on market

8505 Mayview Dr

Austin, TX 78724
$310,000
3 Bed 2 Bath 1,716 sqft $181/sqft Built 1976 0.20 acres Pool Colony Park Hills Ia

This updated 3-bedroom, 2-bath home sits on a desirable corner lot with no HOA and offers incredible value in one of East Austin's fastest-growing areas. Featuring a beautiful Texas limestone exterior, mature trees, a spacious backyard, and an attached garage with potential to be converted into a bonus room, home office, or additional living space (buyer to verify). Conveniently located just minutes from Downtown Austin, Tesla, Austin-Bergstrom International Airport, Mueller, shopping, dining, and major highways including US-183, SH-130, and I-35. Don't miss this opportunity to make it your own!

At $181/sqft, this home is 54% 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

8505 Mayview Dr, Austin, TX 78724

Property Details

Price $310,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,716 sqft
Lot Size 0.20 acres (8,655.37 sqft)
Year Built 1976
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Colony Park Hills Ia
County Travis
Zip Code 78724
$/sqft $181/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,696.26
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232534960
List Date June 26, 2026
Elementary School Overton
Middle School Garcia
High School Austin
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 →

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
110 W Garrett Run
Western Trails Of Quail Creeks
$310,000 $218 3 bd / 2 ba 1,420 sqft , 2026-03-19
12507 Esplanade St
Lamplight Village Sec 05
$310,000 $199 3 bd / 2 ba 1,561 sqft , 2026-05-01
7407 Grand Linden Way
Easton Park
$310,000 $207 2 bd / 3 ba 1,495 sqft , 2026-07-09
5307 King Henry Dr
Cavalier Park Sec 03
$310,000 $278 3 bd / 2 ba 1,116 sqft , 2026-07-30
6228 Adair Dr
Stirling Bridge Sec 6
$309,999 $186 3 bd / 2 ba 1,670 sqft , 2026-04-24

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
$1,488/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
$62,000
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (~2.1% TX avg)−$543
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-876

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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