Active Listing  ·  46 days on market

8507 Shenandoah Dr

Austin, TX 78753
$400,000
3 Bed 2 Bath 1,300 sqft $308/sqft Built 1964 0.17 acres 1-Car Garage Pool Heritage Hills

Charming Ranch Home in an Established Neighborhood. Welcome to this beautifully maintained 3-bedroom, 2-bath ranch home offering thoughtfully updated living space on a quiet, tree-lined street. Just 8 miles to downtown Austin, 6 miles to The Domain, and 6 miles to The University of Texas, this close-in location offers the perfect balance of established neighborhood charm and easy access to everything the city has to offer. Step inside to find recently installed wood-look vinyl tile flooring throughout (June 2026), electric to be updated (2026), and a layout that's move-in ready from day one. The kitchen features a professional-grade gas range (2022), and major systems are already taken care of — HVAC replaced in 2018 and a new roof in 2023 - Sewer Line replace (apprx 2012).. This home has also been pre-inspected, giving buyers extra confidence and peace of mind. Outside, enjoy the best of low-maintenance Austin living with a xeriscape front yard and a magical meadowscaped backyard — both designed for beauty and low water use. A spacious shed offers excellent storage or workshop potential. Whether you're a first-time buyer or looking to downsize without sacrificing style, this updated home checks all the boxes: location, low-maintenance landscaping, and major updates already done. Don't miss this rare find in a sought-after, established community! Information on meadowscaping: https://share.google/6o82MyXL9XPEnSk9Z

At $308/sqft, this home is 21% 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 Shenandoah Dr, Austin, TX 78753

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,300 sqft
Lot Size 0.17 acres (7,487.96 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage Hills
County Travis
Zip Code 78753
$/sqft $308/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,439.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236256212
List Date June 19, 2026
Elementary School Hart
Middle School Dobie (Austin ISD)
High School Northeast 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 19, 2026 $425,000
Current ask $400,000
Reduced $25,000 (-5.9%) 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
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
8901 Panhandle Dr
Goodnight Ranch Ph 1 Sec 3
$400,000 $253 3 bd / 3 ba 1,584 sqft , 2026-05-22

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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