8405 Riverstone DR, Austin TX 78724

Austin, TX 78724 | Colony Meadows

Ed's Opinion of Value

$387,983 Ed's Estimate: $422,228 $575,000
Lowest Comp Recommended List: $414,000 to $431,000 Highest Comp

Listing History

$310,000 List Price
$426,904 Comp Value
1 Price Reductions

This property was listed at $310,000 and expired after 83 days on market. The price was reduced from $330,000 to $310,000. This listing activity factors into the valuation.

Reviewing the most recent comparable transactions, this home's market value falls around $422,228. For a well positioned listing in COLONY MEADOWS, I'd target the $414,000 to $431,000 range. Against 5 similar active listings in COLONY MEADOWS, this price point lands at the most affordable of 5 comparable homes on the market. This home's larger footprint (314 sqft vs the comp average) plays a role in how the market prices it. The 2002 construction puts this home 8 years older than the comp average, a factor in the pricing. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group
0 Beds
Baths
2,432 Sq Ft
0.2069 Acres
2002 Built

About This Property

Great investment income property, fully leased and cash flowing from day one. Offered at $310,000, which is below a $497,000 recent appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 & $1,600 per month in rent per unit, totaling $3,300 per month or $39,600 per year in gross rental income. *Rent prices are subject to change.* Titled as real property, this is a rare opportunity to secure instant equity, consistent cash flow, and a turnkey asset in a high demand rental market. The property has a strong rental history and stays rented. Among the strongest cap rate opportunities currently available in Austin. Potential to refinance after purchase and access equity based on current valuation. Do not disturb tenants. Showings allowed by appointment only. 2 other Identical Units available; Sold individually or as a bundle!

Features

  • Pantry
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Overton
Middle School Garcia

Property Details

Property Type Residential Income
Flooring Laminate
Cooling Central Air, Electric, Wall/Window Unit(s)
Heating Central, Ductless
Exterior Exterior Steps
County Travis
MLS # 7721422

Tax Information

Annual Taxes (MLS) $6,692 (2025)

Listing History

MLS# 7721422 83 days
Oct 9, 2025 Off Market
Sep 26, 2025 Price Change $310,000
Jul 18, 2025 Listed $345,000

Frequently Asked Questions About 8405 Riverstone DR, Austin TX 78724

When was 8405 Riverstone DR, Austin TX 78724 built?

8405 Riverstone DR, Austin TX 78724 was built in 2002.

How much does 8405 Riverstone DR, Austin TX 78724 cost?

8405 Riverstone DR, Austin TX 78724 is currently off market.

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