Active Listing  ·  64 days on market

8505 Spearman Dr

Austin, TX 78757
$479,000
4 Bed 2 Bath 1,628 sqft $294/sqft Built 1965 0.17 acres 1-Car Garage Pool Wooten Terrace Sec 01-A

Fully remodeled in 2021 — and it shows. The kitchen alone is worth the visit: Carrara marble countertops, waterfall island, marble backsplash, pot filler, deep basin sink, and an industrial-vented gas range. The primary suite is upstairs and private, with a custom walk-in wardrobe, dual vanities, and a wall-to-wall rainfall shower. Downstairs bedrooms are spacious with large closets. Luxury vinyl floors throughout, a xeriscaped backyard, full privacy fencing, security gate, and a bonus gravel side driveway for extra parking. Turnkey, upgraded, and ready to go.

Located in the heart of North Austin, you're minutes from the Domain's dining and retail, the Arboretum, and the eclectic shops and restaurants along Burnet Road and Anderson Lane. Easy access to MoPac and 183 puts the rest of the city within quick reach.

At $294/sqft, this home is 25% 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 Spearman Dr, Austin, TX 78757

Property Details

Price $479,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,628 sqft
Lot Size 0.17 acres (7,313.72 sqft)
Year Built 1965
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Terrace Sec 01-A
County Travis
Zip Code 78757
$/sqft $294/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,819.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235910834
List Date June 11, 2026
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 · June 11, 2026 $499,500
Previous ask $489,500
Current ask $479,000
Reduced $20,500 (-4.1%) 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
9007 W Pointer Ln
Quail Creek West Sec 01
$475,000 $309 4 bd / 2 ba 1,535 sqft , 2026-06-18
8007 Stillwood Ln
Stillwood Sec 01
$485,000 $428 3 bd / 2 ba 1,134 sqft , 2026-08-13
8510 New Hampshire Dr
Jamestown
$495,000 $366 3 bd / 2 ba 1,354 sqft , 2026-08-02
9207 Hunters Trce
Quail Creek West Sec 03
$460,000 $265 4 bd / 2 ba 1,736 sqft , 2026-06-14
1801 Ohlen Rd
Wooten Terrace Sec 01
$499,000 $303 3 bd / 2 ba 1,646 sqft , 2026-01-27

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 5, 2026.

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