4301 Balcones Dr

Austin, TX 78731

$3,400,000

4 beds
4 baths
4,841 sq ft
0.47 acres
Built 2022

Listed by Compass RE Texas, LLC · MLS #ACT7530970

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4301 Balcones Dr, Austin, TX 78731 · MLS #ACT7530970

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

A patio with a wood-burning fireplace provides an inviting setting for outdoor living, while a structurally engineered roof section allows for the possibility of a rooftop deck or terrace.

Year built

Built in 2022.

Property size

0.47 acres listed.

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

THE PROPERTY

Get to know the property.

Set on nearly half an acre in Highland Park West along Balcones Drive, this reimagined contemporary estate offers rare privacy, scale, and iconic views of the UT Tower glowing against the Austin skyline. Spanning nearly 5,000 square feet and rebuilt to the studs in 2022, the home is designed for predominantly single-level living, with expansive, light-filled interiors and a lower level ideal for guests, media, or additional living space.

The kitchen pairs performance and design with a curated appliance suite, including a double wall oven with convection microwave and a custom BlueStar range. Elevated finishes throughout include Emtek hardware, custom cabinetry, and selections from Kelly Wearstler and Ann Sacks. The primary suite features a spa-inspired bath with steam shower and TOTO washlet, creating a private retreat among the treetops.

The 0.47-acre homesite offers exceptional outdoor potential with room for a pool, supported by an existing cabana bath for future integration. A patio with a wood-burning fireplace provides an inviting setting for outdoor living, while a structurally engineered roof section allows for the possibility of a rooftop deck or terrace.

Located in one of Central Austin’s most established neighborhoods, Highland Park West is known for its rolling terrain, mature trees, and estate-scale lots, with convenient access to downtown, The Domain, and premier dining and cultural destinations. Zoned to McCallum High School, home to AISD’s nationally acclaimed Fine Arts Academy.

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THE NEIGHBORHOOD

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4301 Balcones Dr, Austin, TX 78731

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LOCAL MARKET CONTEXT

Travis County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$505,893Down 1.5% vs. the previous 12 months

Months of supply5.612-month average

Days on market8412-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 2022
Full baths: 3
Half baths: 1
Garage spaces: 0
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Appliances: Dishwasher, Dryer, Gas Cooktop, Gas Range, Oven, Refrigerator, Washer, Wine Cooler
Flooring: Tile, Wood
Fencing: Back Yard, Chain Link, Privacy, Wood
Accessibility: None
Pool features: None
Subdivision: Balcones Park Add Sec 02
Parcel: 01260604060000
Elementary school: Highland Park
Middle school: Lamar (Austin ISD)
High school: McCallum
Annual property tax: $47,551.30

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$6,294.06

Estimated monthly rent$14,166.67

Cap rate2.47%

Annual operating income: $84,028.73

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price

Rental income & operating costs

Estimated monthly rent

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

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

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.

Monthly HOA

Other monthly costs

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

Down payment (%) Interest rate (%) Loan term

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

Estimated monthly principal & interest—Loan 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).

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Listing information

MLS #ACT7530970 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Christy Strub

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.