Active Listing  ·  61 days on market

9616 Holly Springs Dr

Austin, TX 78748
$425,000
3 Bed 2 Bath 1,174 sqft $362/sqft Built 1985 0.15 acres 2-Car Garage Pool Tanglewood Forest Sec 02 Ph D

This single-story residence in South Austin’s established Cherry Creek neighborhood offers an effortless blend of comfort and functionality. The heart of the home is a spacious living room featuring a warm fireplace, perfectly positioned for quiet evenings or hosting gatherings. A seamless flow leads to the kitchen and dining area, creating an inviting space for daily life. With its thoughtful layout—including a private primary suite and a covered back patio—this residence provides a peaceful retreat within a well-established community.

At $362/sqft, this home is 7% 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

9616 Holly Springs Dr, Austin, TX 78748

Property Details

Price $425,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,174 sqft
Lot Size 0.15 acres (6,677.75 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tanglewood Forest Sec 02 Ph D
County Travis
Zip Code 78748
$/sqft $362/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,607
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232514097
List Date June 4, 2026
Elementary School Kocurek
Middle School Bailey
High School Akins
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
6300 Merriwood Dr
Flournoys Sweetbriar Sec 11
$425,000 $287 3 bd / 2 ba 1,481 sqft , 2025-12-28
641 W 31st 1/2 St
Kings Row Condo
$425,000 $422 2 bd / 2 ba 1,008 sqft , 2026-03-20
8207 Lazy Ln
Wooten Park Sec 03
$425,000 $359 3 bd / 2 ba 1,184 sqft , 2026-05-19
1413 Charolais Dr
Gracywoods
$425,000 $269 3 bd / 2 ba 1,582 sqft , 2026-06-05
5409 Hunters Gln
Salem Walk Sec 02
$425,000 $295 3 bd / 2 ba 1,443 sqft , 2026-06-06

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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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