Active Listing  ·  4 days on market

8815 Towana Trl

Austin, TX 78736
$729,000
3 Bed 2 Bath 2,785 sqft $262/sqft Built 2006 0.26 acres 2-Car Garage Pool Covered Bridge

Immaculate, move-in condition. Super curb appeal with a stone and brick exterior, lush yard with a beautiful hedge and trees You feel right at home upon entry. It's tantamount to a 1 story home with a large bonus room upstairs (game room, man cave, hobby space, craft room, etc.), Easy, comfortable living! Very spacious feel with the island kitchen open to the gathering area. Office or study is well located for a quiet work or reading room. The master suite is separated for privacy and has a large bath room with separate shower and soaking tub + a big walk-in closet. relax on your shaded patio deck overlooking your lush green yard & surrounded by mature trees for shade and privacy. Home improvements: 2019 new roof shingles; interior paint 2019, 2020 ; 2020 plantation shutters ; 2024 flooring in attic ;eco bee thermostats; two new hvac units 2022; new water heater 2025; replaced the controller for the irrigation system, installed a wifi, app-based controller 2024; 2023 complete fence replacement. NOTE: kitchen refrigerator, washer and dryer convey

At $262/sqft, this home is 33% 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

8815 Towana Trl, Austin, TX 78736

Property Details

Price $729,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,785 sqft
Lot Size 0.26 acres (11,369.16 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Covered Bridge
County Travis
Zip Code 78736
$/sqft $262/sqft
Days on Market ,
HOA $620/Annually
Annual Tax Est. $11,444
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241756980
List Date July 31, 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.

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
3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$729,000 $280 4 bd / 3 ba 2,601 sqft , 2026-06-06
117 Medalist St
Lakeway Sec 17
$729,000 $363 3 bd / 3 ba 2,006 sqft , 2026-06-18
4030 Shavano Dr
Oak Creek Parke Sec 04
$729,000 $261 4 bd / 3 ba 2,794 sqft , 2026-06-19
7321 Annette Cv
Agave
$728,900 $267 4 bd / 4 ba 2,732 sqft , 2025-09-19
211 Honey Creek Ct #6
Honey Creek Condominiums
$729,900 $384 3 bd / 3 ba 1,903 sqft , 2026-06-29

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
$3,499/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
$145,800
20% conventional investment loan

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

Estimated Gross Rent+$3,499
Principal + Interest−$3,978
Property Tax (~2.1% TX avg)−$1,276
Insurance (~0.5%)−$304
Est. Monthly Cash Flow $-2,059

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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