Active Listing  ·  141 days on market

1002 Jousting Pl

Austin, TX 78746
$3,000,000
3 Bed 3 Bath 2,254 sqft $1,331/sqft Built 1975 2.65 acres 2-Car Garage Pool Camelot Sec 03

Discover a true sanctuary on 2.628 acres of unincorporated land, just 12 minutes from the vibrant heart of Downtown, nestled within the acclaimed Eanes School District. This extraordinary property boasts a harmonious blend of privacy, expansive space, and the freedom that comes with lower taxes and minimal regulations, unlocking limitless development opportunities. Each bedroom serves as a personal retreat, featuring a balcony to fully embrace the tranquil, serene environment. The primary suite is an awe-inspiring haven adorned with a wall of windows framing breathtaking private views of canyons that highlight nature’s stunning beauty. Step outside onto the expansive deck, where spectacular sunsets and starry nights become integral to your everyday life, surrounding a luxurious pool and hot tub designed for ultimate relaxation and rejuvenation. This is more than just a home; it’s a masterpiece crafted by the ingenious David Shiftlet, complete with thoughtful updates that perfectly blend aesthetics with functionality. In this dream-like setting, high-speed fiber internet ensures seamless remote work, while a detached office and a spacious two-car garage—accompanied by a matching air-conditioned workshop—transform this property into a hobbyist’s paradise. The possibilities are endless! The land itself whispers tranquility, reminiscent of your own private greenbelt adorned with thousands of mature trees, winding all-season creeks, enchanting waterfalls, and inviting trails. These characteristics ensure your views remain protected and extend to three picturesque canyons. This is not merely a property but a rare opportunity to own one of the last expansive acreage parcels in West Austin—a beautiful home with boundless room to flourish and thrive. With an impressive annual short-term rental income of $70k, seize this chance to embrace a lifestyle where dreams flourish and inspiration reigns supreme.

At $1,331/sqft, this home is priced 240% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1002 Jousting Pl, Austin, TX 78746

Property Details

Price $3,000,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,254 sqft
Lot Size 2.65 acres (115,216.2 sqft)
Year Built 1975
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Camelot Sec 03
County Travis
Zip Code 78746
$/sqft $1,331/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,188.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222235367
List Date March 16, 2026
Elementary School Forest Trail
Middle School West Ridge
High School Westlake
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
210 Lavaca St #2505
The W Austin Residences
$2,995,000 $1,043 3 bd / 4 ba 2,871 sqft , 2026-04-13
202 Nueces St #1405
Austin Proper
$2,995,000 $1,820 2 bd / 3 ba 1,646 sqft , 2026-05-28
1803 Palma Plz
Enfield H
$2,995,000 $1,045 4 bd / 4 ba 2,866 sqft , 2026-06-01
2007 Big Horn Dr
Apache Shores
$2,990,000 $1,235 3 bd / 3 ba 2,422 sqft , 2025-01-24
501 West Ave #3403
5th and West Building
$2,800,000 $992 3 bd / 4 ba 2,822 sqft , 2026-02-11

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$14,400/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$600,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$14,400
Principal + Interest−$16,372
Property Tax (~2.1% TX avg)−$5,250
Insurance (~0.5%)−$1,250
Est. Monthly Cash Flow $-8,472

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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