Active Listing  ·  22 days on market

8901 Ovalla Dr

Austin, TX 78749
$699,999
5 Bed 4 Bath 3,107 sqft $225/sqft Built 2003 0.22 acres 2-Car Garage Pool Deer Haven

One of the few five-bedroom homes in Deer Haven, this beautifully maintained original model home sits on a desirable corner lot backing to gorgeous greenbelt. Lovingly cared for by its original owner since 2003, the home offers a rare combination of space, privacy, and thoughtful design.

The open-concept floor plan seamlessly connects the kitchen, living, and breakfast areas, with soaring ceilings creating an impressive sense of scale. The kitchen features a custom teak island, abundant cabinetry, and natural gas. Five bedrooms, four bathrooms, and an open loft flex space provide plenty of room for family, guests, a home office, or additional living space.

New engineered wood flooring flows throughout the home, while soundproof windows along one side provide an added layer of comfort and tranquility. Outside, the beautifully maintained backyard opens directly to peaceful green space, creating a private and serene setting rarely found in the neighborhood.

A truly special opportunity to own one of Deer Haven’s most unique and desirable homes.

At $225/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

8901 Ovalla Dr, Austin, TX 78749

Property Details

Price $699,999
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 $225/sqft
Days on Market ,
HOA $427/Annually
Annual Tax Est. $11,819.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245905507
List Date September 17, 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.

Schedule a Call →

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 · September 17, 2026 $724,999
Current ask $699,999
▼ Reduced $25,000 (-3.4%) 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
8610 Axis Dr
Deer Park At Maple Run Sec 10
$689,000 $253 4 bd / 3 ba 2,718 sqft , 2026-04-30
8501 Fulbright Ln
Village At Western Oaks Sec 18
$735,000 $309 4 bd / 3 ba 2,379 sqft , 2026-05-14
9309 Tea Rose Trl
Cherry Creek Sec 11
$748,700 $217 5 bd / 4 ba 3,446 sqft , 2026-09-30
4508 Moose Dr
Deer Park At Maple Run Sec 11-
$749,990 $211 4 bd / 3 ba 3,562 sqft , 2026-06-12

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
$3,360/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
$140,000
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 October 4, 2026.

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