About This Home

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 $332/sqft, this home is 15% 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

9616 Holly Springs Dr, Austin, TX 78748

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Property Details

Price $390,000

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 $332/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 ,

Have Questions About This Property?

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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 · June 4, 2026 $450,000

Previous ask $425,000

Current ask $390,000

▼ Reduced $60,000 (-13.3%) 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

10310 Menchaca Rd
Ford Oaks Annex $399,000 $317 2 bd / 2 ba 1,258 sqft , 2026-09-18

9106 Marsh Dr
Pheasant Run Sec 01 $375,000 $313 3 bd / 2 ba 1,200 sqft , 2026-06-03

2420 Drew Lane None #5
Drew Lane $411,900 $351 2 bd / 3 ba 1,173 sqft , 2026-03-06

9511 Curlew Dr
Tanglewood Forest Sec 02 Ph D $365,000 $235 3 bd / 2 ba 1,552 sqft , 2026-06-16

9505 Doliver Dr
Tanglewood Forest Sec 01 $415,000 $278 3 bd / 2 ba 1,494 sqft , 2026-07-22

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

$1,872/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

$78,000

20% conventional investment loan

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

Estimated Gross Rent+$1,872

Principal + Interest−$2,128

Property Tax (~2.1% TX avg)−$683

Insurance (~0.5%)−$163

Est. Monthly Cash Flow $-1,102

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

About the Author

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 September 21, 2026.

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

9616 Holly Springs Dr