Active Listing  ·  35 days on market

11842 Rim Rock Trl

Austin, TX 78737
$2,650,000
2 Bed 3 Bath 2,820 sqft $940/sqft Built 2017 6.41 acres 2-Car Garage Pool Rim Rock Subdivision

Originally built as a high-end custom home by Austin Outline Inc., this remarkable +/- 6.4 acre property is currently configured as an office but can easily be converted back into a stunning residential estate or private family compound with room to expand.

The main structure was previously a spacious 2,820 sq ft layout with 2 bedrooms, 2.5 bathrooms, a game room, and a loft with high-end custom finishes throughout. Additionally, the property features a converted 2- car garage and a separate two-story addition (1,086 sq ft per floor) perfect for a guest house, detached multi-gen living, a massive hobby studio, or a combination.

Equipped with top-tier infrastructure including PEC electric, Spectrum fiber internet, two septic systems, propane, and a dual water system (city water + a 50,000-gallon rainwater collection setup). With no ETJ and plenty of acreage for future expansion, the possibilities are endless. Live, work, or create your ultimate dream compound here!

NOTE: this is currently used and remodeled to be an office.

**Priced below appraised value**

At $940/sqft, this home is priced 140% 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

11842 Rim Rock Trl, Austin, TX 78737

Property Details

Price $2,650,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 2,820 sqft
Lot Size 6.41 acres (279,145.55 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rim Rock Subdivision
County Travis
Zip Code 78737
$/sqft $940/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $21,355.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237996247
List Date June 30, 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
555 E 5th St #3022
Five Fifty 05 Condo Amd
$2,698,000 $742 3 bd / 3 ba 3,638 sqft , 2026-01-13
1700 Buffalo-Gap Rd
N/A
$2,700,000 $857 3 bd / 4 ba 3,150 sqft , 2026-06-11
210 Lavaca St #2105
The Residences at W Austin
$2,599,000 $846 3 bd / 4 ba 3,073 sqft , 2026-04-14
210 Lavaca St #2706
Block 21 Condos
$2,599,000 $1,202 3 bd / 3 ba 2,162 sqft , 2026-05-04
8225 Carranzo Dr
Amarra Drive Ph 03
$2,599,000 $718 3 bd / 4 ba 3,622 sqft , 2026-06-20

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
$12,720/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
$530,000
20% conventional investment loan

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

Estimated Gross Rent+$12,720
Principal + Interest−$14,462
Property Tax (~2.1% TX avg)−$4,638
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,484

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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