Active Listing  ·  56 days on market

1011 Castile Rd

Austin, TX 78733
$1,969,000
5 Bed 5 Bath 3,943 sqft $499/sqft Built 2026 0.30 acres 2-Car Garage Pool New Construction AUSTIN LAKE HILLS SEC 3

Experience the magic of Cuernavaca, one of West Austin's best-kept secrets, where relaxed lake life meets modern living. Located within the highly acclaimed Eanes ISD, this sought-after neighborhood offers a remarkably low 1.49% tax rate, walkability to Patrizi's for fresh pasta, pizza, & live music, morning coffee at Civil Goat, and easy access to Lake Austin, where the optional HOA provides a private boat ramp, lap pool, beach volleyball, and baskeatball courts. Built by trusted local builder Juneberry Homes, this exceptional new construction captures the lifestyle that makes Cuernavaca one of Austin's moast desirable communities. Nestled on a quiet cul-de-sac street surrounded by luxury homes, 1011 Castile Rd offers nearly 4,000 square feet of thoughtfully designed living with 5 bedrooms, 5 bathrooms, and a detached casita on a spacious 0.30-acre lot. The open-concept floor plan is anchored by a chef's kitchen featuring premium appliances, an oversized island, walk-in pantry, and seamless flow into the living, dining, and covered outdoor entertaining spaces. The main level guest bedroom as well as the detached pool house provides flexibility for visitors or multigenerational living, while the private primary retreat features a spa-inspired bath and generous walk-in closet. Upstairs, a spacious game room creates the perfect media room, playroom, or second living area alongside three additional bedrooms and well-appointed baths. Designed for year-round entertaining, the backyard features a resort-style pool & spa, outdoor kitchen with built-in grill and beverage refrigerator, and plenty of irrigated yard space for furry friends. Additional upgrades and design details include custom molding designs, designer wall paper, CAT6 wiring throughout, pre-wiring for sound in the main living and outdoor entertaining areas, abundant storage, and designer-selected finishes that blend timeless style with everyday functionality. Builder is experienced with excellent references.

At $499/sqft, this home is priced 28% 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

1011 Castile Rd, Austin, TX 78733

Property Details

Price $1,969,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,943 sqft
Lot Size 0.30 acres (13,068 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision AUSTIN LAKE HILLS SEC 3
County Travis
Zip Code 78733
$/sqft $499/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,394
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT203160150
List Date June 9, 2026
Elementary School Barton Creek
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
5801 Valley Cir
Northwest Hills Sec 02
$1,975,000 $504 5 bd / 4 ba 3,920 sqft , 2026-05-21
3100 Garwood St
Chernosky 11
$1,985,000 $695 4 bd / 4 ba 2,856 sqft , 2026-02-26
4606 Evans Ave
Staehely
$1,950,000 $582 5 bd / 5 ba 3,353 sqft , 2026-06-05
4603 Avenue C None
HYDE PARK ANNEX
$1,950,000 $556 4 bd / 6 ba 3,508 sqft , 2026-07-01
2308 Forest Ave
La Prelle Place Resub
$1,949,000 $526 4 bd / 4 ba 3,706 sqft , 2026-04-09

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
$9,451/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
$393,800
20% conventional investment loan

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

Estimated Gross Rent+$9,451
Principal + Interest−$10,746
Property Tax (~2.1% TX avg)−$3,446
Insurance (~0.5%)−$820
Est. Monthly Cash Flow $-5,561

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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