Active Listing  ·  21 days on market

8517 Appalachian Dr

Austin, TX 78759
$1,225,000
3 Bed 2 Bath 2,441 sqft $502/sqft Built 1976 0.23 acres 2-Car Garage Pool Great Hills 02

Heart of Northwest Hills, wonderfully quiet street, gorgeous and updated home backs to the Steck Valley Greenbelt which contains 38.4 AC (can't be developed per the Parks and Rec Department). Breathtaking, undisturbed year 'round California-like canyon views surrounded by natural beauty! Be the envy of all your family and friends. Unbeatable location. Easily access major HWYs, downtown ATX, UT, The Domain plus entertainment, shopping and restaurants. Fortunately, this beautiful home lives like a single story with everything you need for daily living on the main level. No steps as you enter, no sunken rooms. Anyone with mobility challenges can easily move around the main home. Over 1,100 SF of outdoor living space capturing those stunning views - relax, dine, entertain. Thoughtfully updated by an interior designer with stylish, timeless selections. Cozy stone, gas fireplace draws you in to sit a while and enjoy the views. Completely updated kitchen is a chef's dream: ample storage, counter space and convenient breakfast bar. Luxurious Primary Suite features: more greenbelt views from the bedroom and bathroom, a jetted tub with hydrotherapy by Bain, new tile and a walk-in closet. Two roomy secondary bedrooms are wisely separated from the Primary. Flex room with a view on the level below can be used as a home office, 2nd living or 4th bedroom (already has a built-in bed). Two extra rooms (470 SF not included in home square footage) could be used for storage, work room, home gym, music/art studio or easily convert them to living space. So many possibilities! The home feeds to excellent schools and has parks and amenities nearby such as Westover Hills CC and Great Hills CC if you are a golfer. Roof replaced 2023. HVAC redesigned and replaced in 2023 (living area and each bedroom has its own thermostat). Interior and exterior was freshly painted in April of 2023 giving it a fresh, modern feel. A 410 gallon rainwater collection tank is located on the NE side of the home.

At $502/sqft, this home is priced 29% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

8517 Appalachian Dr, Austin, TX 78759

Property Details

Price $1,225,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,441 sqft
Lot Size 0.23 acres (10,236.6 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills 02
County Travis
Zip Code 78759
$/sqft $502/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,665.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245718938
List Date October 22, 2026
Elementary School Hill
Middle School Murchison
High School Anderson
School District Austin ISD

Austin ISD

Hill · Murchison · Anderson

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
8506 Walhill Cv
Twin Mesa
$1,189,000 $460 3 bd / 2 ba 2,584 sqft , 2026-05-14
9312 Knoll Crest Loop
Great Hills 7-A
$1,179,999 $374 4 bd / 4 ba 3,158 sqft , 2026-08-07
8802 Bluegrass Dr
Great Hills 15
$1,100,000 $381 4 bd / 4 ba 2,889 sqft , 2026-10-09
4323 Spicewood Springs Rd #3
Live Oak
$850,000 $296 4 bd / 3 ba 2,874 sqft , 2026-10-17
8616 Willowick Dr
Westover Hills Sec 01
$830,000 $316 4 bd / 2 ba 2,624 sqft , 2026-05-02

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
$5,880/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
$245,000
20% conventional investment loan

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

Estimated Gross Rent+$5,880
Principal + Interest−$6,685
Property Tax (assumed ~2.1%)−$2,144
Insurance (assumed ~0.5%)−$510
Est. Monthly Cash Flow $-3,459

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 · 41 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. The written content was last updated on October 27, 2026.

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

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