Active Listing  ·  189 days on market

8516 Woodstone Dr

Austin, TX 78757
$309,000
3 Bed 2 Bath 901 sqft $343/sqft Built 1968 0.14 acres 1-Car Garage Pool Wooten Terrace Sec 02

Charming 3-bedroom, 1.5-bath home situated on a generously sized lot with a large backyard. This property is being sold as part of an estate and presents a great opportunity for buyers looking to personalize and modernize a home to their taste.

The property is ready for fresh eyes and a cosmetic facelift, offering a solid starting point for updates and improvements.

Please note: the property backs to railroad tracks. Based on general understanding and prior listings in the area, the rail line primarily serves commuter trains during weekday business hours and Saturdays. A freight train may pass through minimally during an early morning hour. Seller has not occupied the property and does not have specific information regarding train schedules or frequency. Buyer to independently verify all details and conduct their own due diligence.

Offered as an estate sale and being sold as-is.

At $343/sqft, this home is 12% 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

8516 Woodstone Dr, Austin, TX 78757

Property Details

Price $309,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 901 sqft
Lot Size 0.14 acres (6,181.16 sqft)
Year Built 1968
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Terrace Sec 02
County Travis
Zip Code 78757
$/sqft $343/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,834.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217303486
List Date January 27, 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
6713 West Gate Blvd #A
6713 West Gate Boulevard Condo
$309,000 $302 3 bd / 2 ba 1,024 sqft , 2026-04-24
3601 Menchaca Rd #110
Sanctuary
$309,000 $381 2 bd / 1 ba 812 sqft , 2026-06-11
1910 Robbins Pl #301
Robbins Place Condo Amd
$309,500 $303 2 bd / 2 ba 1,020 sqft , 2025-11-18
10600 N Platt River Dr
Texas Oaks Sec 09
$309,900 $258 3 bd / 2 ba 1,203 sqft , 2026-04-19
11815 Lochridge Dr #A
Quail Hollow Sec 07
$309,900 $269 3 bd / 2 ba 1,150 sqft , 2026-05-06

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
$1,483/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
$61,800
20% conventional investment loan

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

Estimated Gross Rent+$1,483
Principal + Interest−$1,686
Property Tax (~2.1% TX avg)−$541
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-873

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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