Active Listing  ·  41 days on market

11701 Shimmering Sea Dr

Austin, TX 78747
$399,900
3 Bed 3 Bath 1,866 sqft $214/sqft Built 2023 0.16 acres 2-Car Garage Pool Cascades at Onion Creek

Backing directly to a large, private ranch with no neighbors on three sides, this corner-lot Cascades at Onion Creek single-family home offers rare Texas privacy where native deer and turkeys roam right past your back fence. This two-story layout features 3 bedrooms and 2.5 bathrooms, positioned to maximize the open views. The exterior features beautiful front landscaping and a built-in Teex in-wall pest control system. The east-facing backyard receives full afternoon shade and a constant breeze, complete with a covered patio, a natural gas direct hookup for outdoor grilling, 5 newly planted trees, and a custom raised garden bed across an oversized yard providing over 1,000 square feet of extra space compared to standard area lots. Inside, an upgraded stair railing opens up the main floor living room directly to the upper level, highlighting the two-story high ceilings, a corner fireplace, and a wall of floor-to-ceiling windows that flood the space with natural light. The open layout transitions into a kitchen packed with over $20,000 in custom upgrades, featuring a chef's gas range, dedicated pot and pan drawers, a built-in trash pull-out, granite countertops, a center island, tile backsplash, shaker cabinetry and a refrigerator equipped with three ice options, including regular, pebble, and craft. The main level also holds a quiet dedicated home office with built-in cabinets. Upstairs, a flexible central loft sits at the top of the landing. All three bedrooms are located on this second level, each outfitted with upgraded ceiling fans. The spacious primary suite features a wall of windows looking out over the private ranch acreage, opening into an ensuite bathroom with a dual vanity, a step-in shower, and a large walk-in closet. Situated in the high-demand 78747 zip code, Cascades at Onion Creek combines quiet living with exceptional connectivity. The property sits just two blocks from the community pool, playground, and park, all managed under a low monthly HOA.

At $214/sqft, this home is 45% 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

11701 Shimmering Sea Dr, Austin, TX 78747

Property Details

Price $399,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,866 sqft
Lot Size 0.16 acres (7,152.55 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cascades at Onion Creek
County Travis
Zip Code 78747
$/sqft $214/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. $8,422.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237332784
List Date June 24, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
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
2308 Montague St
Eastwood At Riverside
$399,900 $211 3 bd / 3 ba 1,898 sqft , 2026-03-05
6800 Menchaca Rd #13
Soma Village Condos
$399,900 $259 2 bd / 3 ba 1,542 sqft , 2026-04-21
6902 Notre Dame Dr
University Hills Sec 1
$399,900 $316 3 bd / 2 ba 1,265 sqft , 2026-05-08
7211 Lakewood Dr #G124
Lakewood Condo Amd
$399,900 $284 3 bd / 2 ba 1,410 sqft , 2026-03-12
6720 Cromarty Ln
Belhaven Sec 02
$399,900 $195 4 bd / 2 ba 2,051 sqft , 2026-05-30

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
$1,920/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
$79,980
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,129

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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