Active Listing  ·  175 days on market

9402 Bluegrass Dr

Austin, TX 78759
$899,000
3 Bed 3 Bath 3,100 sqft $290/sqft Built 1993 0.22 acres 2-Car Garage Pool Great Hills 20

Exceptional Value & Complete Refresh — Private Great Hills Oasis

MAJOR PRICE ADJUSTMENT & NEWLY REFRESHED! This private Northwest Austin retreat in the acclaimed Great Hills neighborhood has just undergone a comprehensive market repositioning, delivering unmatched value priced aggressively below recent market averages and TCAD tax assessments. Designed for how people actually live and work today, this expansive, move-in-ready home offers a rare combination of space, flexibility, and resort-style living. The heart of the home showcases recent upgrades, featuring a brand-new stainless chef's sink and faucet alongside a new propane cooktop, perfect for culinary enthusiasts. Beyond the kitchen, the oversized primary suite functions as a true sanctuary with a dedicated sitting area that easily doubles as a private office, fitness studio, or creative workspace. Multiple living areas and a versatile game room provide flexibility for hosting, relaxing, or creating distinct work and leisure zones—perfect for modern lifestyles. Step outside to your own private oasis: a stunning terraced backyard complete with a pool surrounded by natural limestone, waterfall, and layered outdoor entertaining spaces.

Located minutes from top tech employers (Google, Indeed, Amazon, Pickle Research Center) and premier retail at The Arboretum, The Domain, and Gateway Shopping. Zoned for acclaimed Austin ISD schools feeding Anderson High School, with effortless commutes via Hwy 360, Hwy 183, and MoPac.

Contact listing agent today for the complete House Updates list and to schedule a private tour of this newly refreshed property.

At $290/sqft, this home is 26% 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

9402 Bluegrass Dr, Austin, TX 78759

Property Details

Price $899,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 3,100 sqft
Lot Size 0.22 acres (9,692.1 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills 20
County Travis
Zip Code 78759
$/sqft $290/sqft
Days on Market ,
HOA $1/See Remarks
Annual Tax Est. $9,123
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220774913
List Date March 2, 2026
Elementary School Hill
Middle School Murchison
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 →

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 · March 2, 2026 $1,025,000
Previous ask $920,000
Current ask $899,000
Reduced $126,000 (-12.3%) 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
10903 Galleria Cv
Austin Hills Sec 05
$895,000 $392 4 bd / 3 ba 2,282 sqft , 2026-06-18
6001 Sierra Arbor Ct
Sierra Arbor Estates
$875,000 $301 4 bd / 3 ba 2,910 sqft , 2026-06-15
5818 Misty Hill Cv
Greens Sec 02
$815,000 $275 4 bd / 3 ba 2,962 sqft , 2026-08-19
6008 Tributary Ridge Ct
Sierra Arbor Estates
$995,000 $259 4 bd / 4 ba 3,845 sqft , 2026-06-25
6604 Strutton Cv
Great Hills Ph 02 Sec 01
$995,000 $312 4 bd / 4 ba 3,191 sqft , 2026-07-23

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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 23, 2026.

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