ActiveResidential · sale

3302 Cherry Tree

Austin, TX 78731

$2,499,999

  • 4 beds
  • 4 baths
  • 3,456 sq ft
  • 0.39 acres
  • Built 1960

Listed by Moreland Properties · MLS #ACT4701105

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Downstairs, you’ll find another bedroom suite, plus a dedicated media and game room that provides easy access to the home’s pool deck and outdoor space.

Year built

Built in 1960.

Property size

0.39 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

REPRICED TO MOVE! Substantial price reduction by 10% making this midcentury backyard oasis the best value to be found anywhere between Tarrytown and Balcones Park!

Fully remodeled and move in ready, this stunning home pairs dazzling midcentury interior design with an oversized backyard and spectacular outdoor living spaces. Spanning nearly 3,500 square feet with 4 bedrooms and 3.5 bathrooms - The main level offers a two spacious living and dining areas, featuring wide plank white oak floors throughout. In the kitchen, you’ll find chef’s appliances by Bertazzoni, rich maple cabinetry, and white Silestone countertops, accented by original period pendant lighting, a butler’s pantry, dedicated coffee bar, and a custom mahogany wall with a built-in bench—a nod to the home’s 1960s heritage.

The primary suite offers abundant opportunities for rejuvenation - an extra-large shower beckons with a rainfall shower head, while the double sink vanity showcases designer fixtures and eye-catching wall coverings by Kate Spade. Nearby, the two additional bedrooms feature white oak flooring, large closets and views of the surrounding landscape. Downstairs, you’ll find another bedroom suite, plus a dedicated media and game room that provides easy access to the home’s pool deck and outdoor space. The renovated and professionally landscaped outdoor area is an ideal setting for entertaining, offering a pool, $15k luxury spa, and terraced seating areas with multiple options for dining or relaxing. Behind the scenes, the entire property has been equipped with the latest technology and upgrades, including a seven zone surround sound system, exterior LED lighting, Nest devices, and an EV charging station. Carport conversion to a fully enclosed garage available!

Combining iconic midcentury architecture with thoughtful modern renovations, 3302 Cherry Tree Circle offers an exceptional opportunity to enjoy style and luxury in one of Austin’s most desirable neighborhood settings.

THE NEIGHBORHOOD

Explore the location.

3302 Cherry Tree, Austin, TX 78731

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1960
Full baths
3
Half baths
1
Garage spaces
0
Cooling
Central Air
Heating
Central
Appliances
Convection Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Range, Refrigerator, Tankless Water Heater, Wine Refrigerator
Flooring
Wood
Fencing
Back Yard, Fenced, Privacy, Wood
Accessibility
None
Pool features
In Ground, Outdoor Pool
Subdivision
Balcones Park Add Sec 06
Parcel
01260503130000
Elementary school
Highland Park
Middle school
Lamar (Austin ISD)
High school
McCallum

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$10,416.66
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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3302 Cherry Tree, Austin, TX 78731 · MLS #ACT4701105

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Listing information

MLS #ACT4701105 · Austin Board of Realtors

Listing brokerage: Moreland Properties
Listing agent: Darin Walker

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.