Active Listing  ·  49 days on market

10229 Oliver Dr

Austin, TX 78737
$1,795,000
3 Bed 3 Bath 3,000 sqft $598/sqft Built 1972 5.30 acres 7-Car Garage Pool ABS 118 SUR 58 BAXTER W P ACR 5.30

Tucked away on 5.3 lush acres in the City of Austin, Oliver Drive offers a lifestyle that feels worlds away while remaining remarkably connected to both downtown Austin and Dripping Springs. Privately positioned at the end of a quiet street and surrounded by mature live oaks, lush landscaping, and protected preserve land beyond, the property unfolds as a peaceful Hill Country retreat unlike anything else on the market.

Completely remodeled in 2022, this 3 bed / 3 bath single story residence blends warmth and timeless Texas character throughout. Hardwood floors, plantation shutters, abundant natural light and gas log fireplace create interiors that feel inviting and grounded. Also includes dedicated dining, office, workshop and craft room. What truly sets this property apart is the land itself and the endless possibilities it creates. Fully fenced, gated and exceptionally private, with high fencing along two sides. Multiple detached outbuildings already equipped with plumbing and electricity open the door for future guest houses, casitas, workshops, RV storage, party barns, creative studios, hobby spaces, or multigenerational living opportunities. Here, the vision is entirely yours to create.

The grounds have been meticulously maintained and include a private well dedicated to irrigation, a 3,000-gallon storage tank, dual points of entry for easy equipment access, and perhaps the most impressive chicken coop Austin has ever seen!

Backing to more than 362 acres of conservation land. the property delivers a level of peace, privacy, and natural beauty that feels increasingly impossible to find within Austin city limits. Where mornings are quiet, the stars feel brighter, and the pace of life naturally slows down without sacrificing convenience.

For buyers craving space, flexibility, privacy, and a true Austin-forward Hill Country lifestyle, Oliver Drive is an extraordinary opportunity to create something deeply personal and entirely your own. Furniture negotiable.

At $598/sqft, this home is priced 53% 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

10229 Oliver Dr, Austin, TX 78737

Property Details

Price $1,795,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 3,000 sqft
Lot Size 5.30 acres (230,868 sqft)
Year Built 1972
Garage 7 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision ABS 118 SUR 58 BAXTER W P ACR 5.30
County Travis
Zip Code 78737
$/sqft $598/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,164.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236519839
List Date June 16, 2026
Elementary School Baldwin
Middle School Gorzycki
High School Bowie
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.

Schedule a Call →

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
1604 Cliffwood Dr
Aqua Monte
$1,795,000 $815 3 bd / 3 ba 2,202 sqft , 2026-05-14
1511 Chelsea Ln
Santiago Del Valle Surv Abs #2
$1,799,900 $724 4 bd / 3 ba 2,486 sqft , 2026-04-29
2206 Parkway None
Enfield D
$1,799,950 $886 3 bd / 2 ba 2,032 sqft , 2026-06-03
435 Brady Ln
Henry P Hill League
$1,800,000 $879 4 bd / 2 ba 2,047 sqft , 2026-07-27
5224 Mccormick Mountain Dr
Travis Landing
$1,775,000 $612 3 bd / 3 ba 2,898 sqft , 2026-05-14

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
$8,616/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
$359,000
20% conventional investment loan

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

Estimated Gross Rent+$8,616
Principal + Interest−$9,796
Property Tax (~2.1% TX avg)−$3,141
Insurance (~0.5%)−$748
Est. Monthly Cash Flow $-5,069

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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