Active Listing  ·  211 days on market

8606 Thunderbird Rd #A & B

Austin, TX 78736
$650,000
4 Bed 3 Bath 2,874 sqft $226/sqft Built 1967 0.70 acres 2-Car Garage Pool Westoaks

Welcome to 8606 Thunderbird Rd, a beautifully maintained property nestled on .7 acres in the heart of Oak Hill, one of South Austin’s most desirable neighborhoods. This spacious home offers the perfect blend of privacy, flexibility, and opportunity, surrounded by mature trees and a truly gorgeous backyard oasis with room to relax, entertain, or play a game of Tennis in your own private backyard.

The main residence is warm and inviting, featuring generous living spaces filled with natural south Austin charm. Adding exceptional value is a cozy attached duplex. An ideal opportunity to tailor finishes to your own style. Ideal for rental income, a guest suite, home office, or providing comfortable separation for extended family or multigenerational living.

Enjoy the tranquility of a large lot while being just 15 minutes from downtown Austin and only 10 minutes from the expansive Belterra shopping district, offering dining, retail, a movie theater and everyday conveniences. This is a very rare opportunity to own a versatile Oak Hill property that delivers space, income potential, and unbeatable location with endless possibilities.

At $226/sqft, this home is 42% 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

8606 Thunderbird Rd #A & B, Austin, TX 78736

Property Details

Price $650,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,874 sqft
Lot Size 0.70 acres (30,492 sqft)
Year Built 1967
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westoaks
County Travis
Zip Code 78736
$/sqft $226/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222337485
List Date March 12, 2026
Elementary School Oak Hill
Middle School Small
High School Bowie
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 12, 2026 $785,000
Previous ask $674,900
Current ask $650,000
▼ Reduced $135,000 (-17.2%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
7709 Black Mountain Dr
Covered Bridge Subd Sec 6
$575,000 $277 4 bd / 2 ba 2,073 sqft , 2026-07-22
7609 Summervale Dr
Spring Valley
$775,000 $312 3 bd / 3 ba 2,481 sqft , 2026-07-30
8905 Moccasin Path
Enclave At Covered Bridge
$810,000 $307 4 bd / 3 ba 2,641 sqft , 2026-10-01
8308 Hanbridge Ln
Windmill Run Sec 01
$465,000 $209 4 bd / 3 ba 2,220 sqft , 2026-08-29
8407 Red Willow Dr
Windmill Run Sec 02-A
$435,000 $204 4 bd / 3 ba 2,129 sqft , 2026-08-12

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 26, 2026.

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