Active Listing  ·  26 days on market

8508 Contour Dr

Austin, TX 78757
$499,900
3 Bed 2 Bath 1,216 sqft $411/sqft Built 1960 0.18 acres Pool Wooten Park Sec 05

Fantastic home in the desirable Wooten Park neighborhood, offering a beautifully updated interior, a functional open floorplan, and an unbeatable Central Austin location. Filled with natural light, this inviting home features a kitchen that opens seamlessly to the living area, creating a bright and welcoming space that's perfect for both everyday living and entertaining. At the front of the home, a charming reading nook provides the perfect spot to curl up with a good book, enjoy your morning coffee, or simply relax while taking in the natural light. The thoughtfully designed layout maximizes comfort and functionality, while the nicely updated finishes allow you to move right in and start enjoying everything the home has to offer. Step outside to a spacious backyard that's ideal for BBQs, relaxing evenings, and gathering with family and friends. One of this property's greatest advantages is its exceptional location, providing quick access to downtown Austin, the University of Texas, major tech employers, shopping, dining, and entertainment, making commuting and enjoying everything Austin has to offer incredibly convenient. Whether you're looking for a primary residence or a home in one of Central Austin's most established and sought-after neighborhoods, this Wooten Park property offers the perfect combination of location, livability, and long-term value.

At $411/sqft, this home is priced 5% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

8508 Contour Dr, Austin, TX 78757

Property Details

Price $499,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,216 sqft
Lot Size 0.18 acres (7,701.41 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Park Sec 05
County Travis
Zip Code 78757
$/sqft $411/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,060.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238837689
List Date July 19, 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.

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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
1102 Inland Grn
Quail Creek Sec 01
$499,990 $306 3 bd / 2 ba 1,632 sqft , 2026-08-14
7920 Mullen Dr #5
Wooten Park Square Sec 02
$500,000 $328 3 bd / 3 ba 1,525 sqft , 2026-05-01
9803 Chukar Cir
Quail Creek West Ph 02 Sec 08
$499,000 $307 4 bd / 2 ba 1,626 sqft , 2026-08-06
8510 New Hampshire Dr
Jamestown
$495,000 $366 3 bd / 2 ba 1,354 sqft , 2026-08-02
8007 Stillwood Ln
Stillwood Sec 01
$485,000 $428 3 bd / 2 ba 1,134 sqft , 2026-08-13

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
$2,400/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
$99,980
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 2, 2026.

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