Active Listing  ·  114 days on market

8610 Melshire Dr

Austin, TX 78757
$685,000
3 Bed 3 Bath 2,038 sqft $336/sqft Built 1971 0.20 acres 2-Car Garage Pool Northwest Terrace Sec 03

Extremely well-maintained single-story home featuring a flexible floor plan with two primary suites — one with a separate HVAC system — plus a spacious guest bedroom and hall bath. Thoughtfully cared for over the years, this home offers a great opportunity for additional updates to make it your own.

Major improvements include a roof replacement (2024), new garage doors (2025), exterior side entry garage door (2026), and gutters with screens along the front of the home and back patio (2024). Patio light fixtures were also updated in 2024. The kitchen and breakfast area were fully remodeled to the studs in 2007, featuring granite countertops, updated cabinetry, sink, faucet, and appliances, with a new microwave installed in 2025 and in-wall venting to a roof vent. Original windows and the sliding patio door were replaced in 2010.

Additional enhancements include an opened floor plan, bullnose corner molding, removal of paneling, added insulation in the second primary suite attic, and 5/8" plywood decking for additional attic storage. The backyard shed includes electricity, lighting, and built-in cabinets.

Enjoy the beautifully landscaped, tree-filled yard featuring three red oaks, two pecan trees, and a redbud. Relax with neighbors on the front flagstone patio or unwind in the quiet setting of the covered back patio.

Conveniently located near schools, parks, restaurants, and shopping, with easy access to major employers and just minutes from Q2 and The Domain.

At $336/sqft, this home is 14% 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

8610 Melshire Dr, Austin, TX 78757

Property Details

Price $685,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,038 sqft
Lot Size 0.20 acres (8,511.62 sqft)
Year Built 1971
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northwest Terrace Sec 03
County Travis
Zip Code 78757
$/sqft $336/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,409
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225803305
List Date April 12, 2026
Elementary School Pillow
Middle School Burnet (Austin ISD)
High School Anderson
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.

Schedule a Call →

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
1201 Luna St
Chernosky 09
$685,000 $353 3 bd / 3 ba 1,940 sqft , 2026-03-26
4810 Springdale Rd
Springdale Crk Condo
$685,000 $278 3 bd / 3 ba 2,462 sqft , 2026-05-14
5221 Rain Lily Dr
Greyrock Ridge Ph 2
$685,000 $255 4 bd / 3 ba 2,684 sqft , 2026-05-15
2505 Bluebonnet Ave #4
Del Curto
$685,000 $451 2 bd / 3 ba 1,519 sqft , 2026-06-20
3414 Eldorado Trl
Shady Hollow Add Sec 02 Ph 01
$685,000 $325 3 bd / 2 ba 2,105 sqft , 2026-06-25

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
$3,288/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
$137,000
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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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