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3304 Cherry Tree CIR
About This Property
Offering 3 bedrooms, 2.5 baths, and 3 distinct living areas, the flexible floor plan is ideal for both entertaining and everyday living. The second living room features a marble fireplace and custom built-ins. The third living room provides the perfect setting for a home theater, game room, or playroom. At the heart of the home, the gourmet kitchen is outfitted with stainless-steel appliances, walnut and stainless countertops, a BlueStar range top with integrated grill, Miele ovens / dishwasher and a Sub-Zero refrigerator / freezer.
The expansive primary suite is a private retreat featuring a beautiful stone fireplace, abundant closet space, and a spa-inspired bath complete with a centrally positioned soaking tub and separate walk-in shower. Outdoor living is equally impressive with a private rear patio featuring a Dacor gas grill, hot tub, and FARinfrared sauna.
A rare architectural offering in one of Austin's most sought-after neighborhoods, this distinctive home combines timeless Mid-Century design with exceptional amenities and an unbeatable Balcones Park location. Enhanced landscaping plans are available by Lionheart with offices in Austin, Aspen, and Basalt.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Price Decreased |
$1,699,000
↓ $101K
(5.6%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$1,800,000
↓ $185K
(9.3%) | |
| Price Decreased | |||
| Jun 16, 2026 | Listed by The Marye Company | $1,985,000 | |
| Listed by The Marye Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017