Active Listing  ·  22 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

Recently updated and thoughtfully maintained, this 4-bedroom, 2-bath home in North Austin’s established Wooten Village neighborhood offers a comfortable layout, abundant natural light, and plenty of flexibility for everyday living. Recent improvements complement the home’s original character, while the spacious living areas, functional kitchen, generous primary suite, and mature trees create a warm and inviting setting. The large private backyard provides plenty of room to relax, entertain, or enjoy outdoor living, and the attached two-car garage adds everyday convenience. Ideally located just minutes from The Domain, Q2 Stadium, major employers, shopping, dining, and major roadways, this home combines established neighborhood charm with easy access to everything North Austin has to offer.

At $247/sqft, this home is 37% below the Austin active market average of $392/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 # ACT245348222
List Date September 1, 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
1103 Chesapeake Dr
Jamestown Sec 02
$374,900 $281 3 bd / 2 ba 1,332 sqft , 2026-06-05
300 Pecan Dr
Dean Terrace
$365,000 $212 3 bd / 2 ba 1,724 sqft , 2026-03-04
8801 Redfield Ln
Wooten Village Sec 04
$385,000 $329 3 bd / 1 ba 1,170 sqft , 2026-07-07
9505 Quail Ct
Quail Creek West Ph 02 Sec 03
$359,900 $317 3 bd / 2 ba 1,134 sqft , 2026-08-11

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 September 2, 2026.

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