Active Listing  ·  91 days on market

8602 Colonial Dr

Austin, TX 78758
$375,000
4 Bed 2 Bath 1,518 sqft $247/sqft Built 1969 0.17 acres 2-Car Garage Pool Wooten Village Sec 06

8602 Colonial Dr offers a rare opportunity to own a spacious property in an established Austin neighborhood with mature trees, timeless character, and unbeatable convenience. This inviting home blends comfort and functionality with generous living spaces, abundant natural light, and a versatile layout ideal for both everyday living and entertaining. The home has been well cared for by the same owner for 25 years and has been partially remodeled. Enjoy easy access to major employers, local dining, shopping, parks, and top Austin attractions while still tucked away on a quiet residential street. Whether you're looking for a primary residence or an investment opportunity, this property delivers exceptional potential in one of Austin’s most desirable and centrally connected areas.

At $247/sqft, this home is 37% 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

8602 Colonial Dr, Austin, TX 78758

Property Details

Price $375,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,518 sqft
Lot Size 0.17 acres (7,623 sqft)
Year Built 1969
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wooten Village Sec 06
County Travis
Zip Code 78758
$/sqft $247/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,128.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230213255
List Date May 15, 2026
Elementary School Wooldridge
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
103 Deen Ave
Fiskville School Add
$375,000 $221 3 bd / 2 ba 1,699 sqft , 2026-07-01
8501 Kromer St
Wooten Park Sec 04
$379,900 $249 3 bd / 2 ba 1,525 sqft , 2026-03-19
9913 Oak Hollow Dr
Quail Creek West Ph 02 Sec 07
$384,000 $276 4 bd / 2 ba 1,392 sqft , 2026-06-17
1103 Chesapeake Dr
Jamestown Sec 02
$384,900 $289 3 bd / 2 ba 1,332 sqft , 2026-06-05
8801 Redfield Ln
Wooten Village Sec 04
$385,000 $329 3 bd / 1 ba 1,170 sqft , 2026-07-07

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 1, 2026.

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