Active Listing  ·  14 days on market

8601 Putnam Drive None

Austin, TX 78757
$590,000
3 Bed 3 Bath 1,848 sqft $319/sqft Built 2001 0.20 acres 2-Car Garage Pool Jackson Lillie

Turnkey Airbnb Guest Favorite in Central Austin. This home ranks in the top 5% of eligible Airbnb listings, with a 4.92 rating from 91 reviews and scores of 4.9 or higher for cleanliness, location, and value. It sells fully furnished and ready to host, so your next booking can follow closing day. Booking history is available to qualified buyers on request.

The layout works for hosting. This 3 bedroom, 2.5 bath home, built in 2001, sleeps six comfortably. The updated kitchen has new granite countertops, stainless steel appliances, and island seating for shared meals. Fiber internet, a dedicated workspace, and a washer and dryer suit longer stays and remote workers. A newer roof, HVAC system, and water heater keep upkeep predictable.

Outside, a fenced backyard with a patio gives guests room to unwind, and raised garden beds are ready for planting. A front porch faces the street, and the driveway holds two cars with free street parking out front.

The location drives bookings. Q2 Stadium, The Domain, the Arboretum, UT, and downtown are all an easy drive, with quick access to MoPac and Research Blvd. Burnet Road is around the corner with local restaurants, coffee shops, and Highland Lanes. The home sits in Wooten, a mid-century North Central Austin neighborhood named for longtime Austin physician Dr. Goodall Wooten, close to the site of the 1954 Air Conditioned Village, where Austin tested central air in American homes.

At $319/sqft, this home is 18% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8601 Putnam Drive None, Austin, TX 78757

Property Details

Price $590,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,848 sqft
Lot Size 0.20 acres (8,799.12 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Jackson Lillie
County Travis
Zip Code 78757
$/sqft $319/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,364.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251030755
List Date October 29, 2026
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro Early College
School District Austin ISD

Austin ISD

Wooten · Burnet (Austin ISD) · Navarro Early College

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
8100 Stillwood Ln
Northtowne West Sec 02
$589,900 $386 4 bd / 2 ba 1,529 sqft , 2026-08-11
8016 Tisdale Dr
Sunset View Sec 01
$580,000 $297 3 bd / 3 ba 1,954 sqft , 2026-11-02
8500 Woodstone Dr Dr #Unit A and Unit B
Wooten Park Sec 2
$600,000 $331 4 bd / 1 ba 1,813 sqft , 2026-08-06
2004 Teakwood Dr
Allandale North Sec 02
$575,000 $478 3 bd / 2 ba 1,204 sqft , 2026-07-28
8503 Stillwood Ln
North Shoal Creek
$619,900 $381 3 bd / 2 ba 1,627 sqft , 2026-10-23

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
$2,832/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
$118,000
20% conventional investment loan

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

Estimated Gross Rent+$2,832
Principal + Interest−$3,220
Property Tax (assumed ~2.1%)−$1,033
Insurance (assumed ~0.5%)−$246
Est. Monthly Cash Flow $-1,667

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 November 5, 2026.

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

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