Active Listing  ·  96 days on market

1023 Grassy Field Rd

Austin, TX 78737
$825,000
4 Bed 4 Bath 3,301 sqft $250/sqft Built 2010 0.30 acres 4-Car Garage Pool Highpointe

A rare opportunity in the highly coveted Highpointe gated community of Austin—this well-appointed 4-bedroom, 3.5-bath home pairs refined Hill Country living with a standout feature you won’t find everywhere: a 480 sq ft fully finished detached garage, offering endless possibilities as a private office, home gym, workshop, or future guest suite.

Spanning over 3,300 sq ft on a private tree filled homesite, this home welcomes you with a light-filled, open-concept design built for both everyday living and elevated entertaining. The chef’s kitchen impresses with striking dolomite marble countertops, abundant cabinetry, and seamless flow into your two-story family room. A dedicated study and dual dining areas add versatility and function.

The spacious layout includes four bedrooms, anchored by a serene primary suite on the main floor designed for relaxation. Secondary bedrooms upstairs provide flexibility for guests or multigenerational living. Outdoor living becomes an experience—Enjoy slow Texas mornings under your expansive covered patio, weekend cookouts with friends, and gathering around the firepit in conversation as the sun sets on the hill country. This space was designed to bring people together. With room to add a pool, the backyard offers even more potential to create your own private oasis.

Highpointe resident amenities set the standard with an award-winning community center featuring a multi-level gym, four swimming pools (including a children's water park), lighted tennis courts, basketball courts, and five miles of scenic hiking/biking trails.

Located minutes from top-rated DSISD schools, shopping, dining, and convenient access to downtown Austin. Also available for lease MLS 9576850.

At $250/sqft, this home is 36% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1023 Grassy Field Rd, Austin, TX 78737

Property Details

Price $825,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,301 sqft
Lot Size 0.30 acres (13,089.78 sqft)
Year Built 2010
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highpointe
County Hays
Zip Code 78737
$/sqft $250/sqft
Days on Market ,
HOA $375/Quarterly
Annual Tax Est. $16,062.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226974788
List Date April 30, 2026
Elementary School Sycamore Springs
Middle School Sycamore Springs
High School Dripping Springs
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 30, 2026 $865,000
Previous ask $850,000
Current ask $825,000
Reduced $40,000 (-4.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
5013 Rob Scott St
Baker
$825,000 $306 4 bd / 4 ba 2,700 sqft , 2026-02-25
200 Navigator Dr
Highland Horizon Ph 02
$825,000 $275 4 bd / 3 ba 3,003 sqft , 2026-05-22
5210 Watusi Bnd
Steiner Ranch
$825,000 $256 4 bd / 3 ba 3,222 sqft , 2026-06-18
106 Princes Ct
Lakeway Highlands Ph 01 Sec 02
$825,000 $237 4 bd / 4 ba 3,487 sqft , 2026-06-11
2506 Audubon Pl
Greenbriar Sec 01
$825,000 $384 4 bd / 2 ba 2,151 sqft , 2026-07-05

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
$3,960/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
$165,000
20% conventional investment loan

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

Estimated Gross Rent+$3,960
Principal + Interest−$4,502
Property Tax (~2.1% TX avg)−$1,444
Insurance (~0.5%)−$344
Est. Monthly Cash Flow $-2,330

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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