Active Listing  ·  34 days on market

8802 Bluegrass Dr

Austin, TX 78759
$1,100,000
4 Bed 4 Bath 2,889 sqft $381/sqft Built 1997 0.51 acres 2-Car Garage Pool Great Hills 15

Open the door to this Spacious & Spectacular 2 story residence & you will want to move right in! These could be you sweeping hill country views! This flexible layout has 2 primary bedrooms, one up & one down, accommodating family members or guests. Refreshed kitchen with new counters, cooktop, sink & fixtures, all of this with an outstanding view. Brand new low maintenance flooring throughout, no carpet & no HOA. Checkout the new vanities and counters, sinks & fixtures in all 3 bathrooms. You won’t want to miss the multiple storage areas.

There is room for everything and everybody. This home is complete with a courtyard entry garage with natural light & room for a workshop. Conveniently located close to the Great Hills Country Club plus the Great Hills park & trails. Easy to get to shopping, the Domain, & highly ranked schools. This is the one you have been waiting for!

At $381/sqft, this home is 2% 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

8802 Bluegrass Dr, Austin, TX 78759

Property Details

Price $1,100,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,889 sqft
Lot Size 0.51 acres (22,324.5 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills 15
County Travis
Zip Code 78759
$/sqft $381/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,599.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249369810
List Date October 9, 2026
Elementary School Hill
Middle School Murchison
High School Anderson
School District Austin ISD

Austin ISD

Hill · Murchison · Anderson

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
5717 Lost Horizon Dr #12
THE PINNACLE AT GREAT HILLS
$1,030,000 $427 4 bd / 3 ba 2,410 sqft , 2026-06-12
9312 Knoll Crest Loop
Great Hills 7-A
$1,179,999 $374 4 bd / 4 ba 3,158 sqft , 2026-08-07
5804 Ginre Cv
Great Hills 15
$1,015,000 $298 3 bd / 4 ba 3,404 sqft , 2026-10-14
8506 Walhill Cv
Twin Mesa
$1,189,000 $460 3 bd / 2 ba 2,584 sqft , 2026-05-14
8517 Appalachian Dr
Great Hills 02
$1,225,000 $502 3 bd / 2 ba 2,441 sqft , 2026-10-22

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
$5,280/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
$220,000
20% conventional investment loan

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

Estimated Gross Rent+$5,280
Principal + Interest−$6,003
Property Tax (assumed ~2.1%)−$1,925
Insurance (assumed ~0.5%)−$458
Est. Monthly Cash Flow $-3,106

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 3, 2026.

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

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