About This Home

Rare opportunity in the heart of much coveted Allendale. This mid-century single story on majestic tree lined street with inviting curb appeal is situated on a generous size flat lot and tranquil private backyard. In addition to 3 bedrooms and 2 baths there are 2 living and 2 dining and a flex room off the kitchen . Envision the unlimited possibilities with this great place Exceptional location with convenient access to the Beverly S. Sheffield Northwest District Park, dog park and trails, favorite restaurants, shops, transportation and so much more. Truly one of Central Austin’s favorites with a strong sense of neighborhood.

At $410/sqft, this home is priced 5% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3109 Pinecrest Dr, Austin, TX 78757

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Property Details

Price $795,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,940 sqft

Lot Size 0.21 acres (9,247.79 sqft)

Year Built 1959

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Allandale Park Sec 02

County Travis

Zip Code 78757

$/sqft $410/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $14,465.95

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246645740

List Date September 18, 2026

Elementary School Gullett

Middle School Lamar (Austin ISD)

High School McCallum

School District ,

Have Questions About This Property?

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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

2009 Payne Ave #2
Bellaire $795,000 $511 3 bd / 3 ba 1,557 sqft , 2026-05-20

3105 Borden Rd
Allandale Terrace Sec 02 $815,000 $403 4 bd / 3 ba 2,020 sqft , 2026-09-16

6103 Janey Dr
Allandale West Sec 05 $725,000 $438 4 bd / 2 ba 1,657 sqft , 2026-08-20

3304 Whitepine Dr
Allandale Park Sec 09 $714,999 $358 3 bd / 2 ba 1,998 sqft , 2026-07-03

3203 Foster Ln
Allandale Park Sec 09 $699,000 $428 4 bd / 2 ba 1,634 sqft , 2026-04-03

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

$3,816/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

$159,000

20% conventional investment loan

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

Estimated Gross Rent+$3,816

Principal + Interest−$4,339

Property Tax (~2.1% TX avg)−$1,391

Insurance (~0.5%)−$331

Est. Monthly Cash Flow $-2,245

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 →

Neighborhood Context

About Allandale

Allandale is North Central Austin's original family neighborhood - platted in the 1950s and shaped by decades of homeowners who chose it for its tree-lined streets, strong schools, and community identity. Bounded roughly by 45th Street to the south, Koenig Lane to the north, MoPac to the west, and Burnet Road to the east, it occupies one of Austin's most convenient locations.

The housing stock is predominantly 1950s to 60s brick ranch homes - modest footprints on generous lots, many with mature live oaks that took 60 years to grow. Renovated Allandale homes command significant premiums, while original-condition homes represent some of the last attainable entry points in North Central Austin. New custom construction is an increasing presence as teardown economics make sense at these lot values.

🍽️

Burnet Road Corridor

Allandale's eastern edge is lined with some of Austin's best independent restaurants, coffee shops, and bars. Uchi, Violet Crown Cinema, Foreign & Domestic, Epoch Coffee - all within walking distance of many Allandale addresses.

🌳

Mature Tree Canopy

Sixty years of live oak growth creates a canopy that makes Allandale feel noticeably cooler and quieter than newer Austin neighborhoods. The trees are a defining asset - and an Austin Heritage Tree protection means they're here to stay.

🏫

McCallum High School

McCallum is one of Austin ISD's most respected high schools - known for its Fine Arts Academy (one of the top performing arts magnet programs in Texas) and strong academics. It's a major draw for families with high school-age children.

🚶

Walkable Errands

Allandale residents walk to coffee, restaurants, a hardware store, and neighborhood shops on a regular basis. It's not a walk-everywhere neighborhood, but the Burnet Road corridor makes daily errands genuinely walkable from the eastern half of the neighborhood.

Full Allandale Guide →

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 19, 2026.

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

3109 Pinecrest Dr