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8900 Point West DrOn Market

8900 Point West Dr

Austin, TX 78759 · Travis County

$1,299,900
4bd · 3ba · 2,476 sqft · built 1969

Bank-owned (REO) corner-lot home in Northwest Austin's Westover Hills, with an open floor plan, chef's kitchen, hardwood floors, and a private backyard pool with turf. Currently owned by Ellington Financial Mortgage Trust following a March 2026 foreclosure transfer. On the market via MLS #6845807, listed by Dustin Raye & Chris Amato, Spyglass Realty — not one of Erika's own listings, included here as a separate off-market-value opportunity.

Tax play notes

62% improvement-to-land ratio per Travis CAD's 2026 assessment ($760,575 improvement of $1,232,930 total). Note: Zillow's public record lists an original 1969 year built, but Travis CAD's improvement detail shows an effective year built of 2022 for the current structure, indicating a substantial rebuild — worth confirming scope with a property inspection before assuming full 2022-vintage cost segregation eligibility. As a bank-owned REO, this is a value-add opportunity rather than a turnkey STR.

Projected annual revenue
$170,000
Avg nightly rate
Avg occupancy
Gross yield
13.1%

Assessed value — land vs. improvement (2026)

Land
Improvement
Land value
$472,355
Improvement value
$760,575
Total assessed
$1,232,930
Source: county appraisal district record ↗

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Added Aug 10, 2026