Active Listing  ·  48 days on market

8507 Contour Dr

Austin, TX 78757
$400,000
3 Bed 2 Bath 1,214 sqft $329/sqft Built 1960 0.23 acres Pool Wooten Park Sec 05

Great Central Austin location. 3 bedroom, 2 full bath in prime location. Large, mature trees in front yard. Covered car port parking. Huge fenced yard with covered deck. Additional storage shed with electricity. Close proximity to elementary school. Easy commute to downtown or UT college.

At $329/sqft, this home is 16% 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

8507 Contour Dr, Austin, TX 78757

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,214 sqft
Lot Size 0.23 acres (9,940.39 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Park Sec 05
County Travis
Zip Code 78757
$/sqft $329/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,716
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236657527
List Date June 17, 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 →

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
105 E Walnut Dr
Dean Terrace
$400,000 $494 2 bd / 1 ba 810 sqft , 2025-11-18
12321 Yarmont Way
Copperfield Sec 03-C
$400,000 $261 3 bd / 2 ba 1,533 sqft , 2026-04-12
7913 Tisdale Dr
SUNSET VIEW
$400,000 $300 4 bd / 2 ba 1,332 sqft , 2026-02-03
1406 Windsor Rd #305
Windfield Condominiums
$400,000 $397 2 bd / 2 ba 1,007 sqft , 2025-04-30
4501 Gillis St
Forest Oaks
$400,000 $424 3 bd / 1 ba 944 sqft , 2026-04-28

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
$1,920/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
$80,000
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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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