Active Listing  ·  67 days on market

8901 Ovalla Dr

Austin, TX 78749
$735,000
5 Bed 4 Bath 3,107 sqft $237/sqft Built 2003 0.22 acres 2-Car Garage Pool Deer Haven

Spacious, Flexible Living in the Heart of Southwest Austin

Located in the established Deer Haven neighborhood and zoned to highly acclaimed Bowie High School, this beautifully maintained home offers the perfect combination of generous living space, convenience, and privacy. With quick access to downtown Austin, major employers, shopping, dining, and everyday amenities, you'll spend less time commuting and more time enjoying everything Southwest Austin has to offer.

Inside, the flexible floor plan features 4-5 bedrooms, 3.5 bathrooms, and multiple living areas that can easily adapt to your needs. Whether you're looking for a home office, media room, playroom, workout space, or guest suite, this home offers room to grow and the flexibility to fit your lifestyle. A private upstairs bedroom with its own full bath creates the ideal space for guests, teenagers, or multigenerational living.

While conveniently situated on a corner lot for easy access in and out of the neighborhood, the home was thoughtfully enhanced with custom soundproofing, creating a peaceful interior retreat. Out back, the setting transforms completely. The oversized backyard backs to tranquil green space with no rear neighbors, offering mature trees, beautiful landscaping, a custom stone seating area, and a cozy fire pit—an ideal place to relax, entertain, or enjoy the privacy that's increasingly rare in Austin.

Deer Haven is known for its oversized lots, quality-built homes, and established character, with homes rarely coming on the market. Combining exceptional indoor space, a private greenbelt setting, and an unbeatable Southwest Austin location, this home presents a unique opportunity for buyers seeking both convenience and comfort.

At $237/sqft, this home is 40% 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

8901 Ovalla Dr, Austin, TX 78749

Property Details

Price $735,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,107 sqft
Lot Size 0.22 acres (9,783.58 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Deer Haven
County Travis
Zip Code 78749
$/sqft $237/sqft
Days on Market ,
HOA $427/Annually
Annual Tax Est. $11,819.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229214352
List Date June 18, 2026
Elementary School Cowan
Middle School Covington
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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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
8501 Fulbright Ln
Village At Western Oaks Sec 18
$745,000 $313 4 bd / 3 ba 2,379 sqft , 2026-05-14
4508 Moose Dr
Deer Park At Maple Run Sec 11-
$749,990 $211 4 bd / 3 ba 3,562 sqft , 2026-06-12
8610 Axis Dr
Deer Park At Maple Run Sec 10
$689,000 $253 4 bd / 3 ba 2,718 sqft , 2026-04-30
4725 Tello Path
Sendera South Sec 03
$573,000 $246 4 bd / 2 ba 2,334 sqft , 2026-07-02

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
$3,528/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
$147,000
20% conventional investment loan

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

Estimated Gross Rent+$3,528
Principal + Interest−$4,011
Property Tax (~2.1% TX avg)−$1,286
Insurance (~0.5%)−$306
Est. Monthly Cash Flow $-2,075

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 August 17, 2026.

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