Active Listing  ·  196 days on market

12109 Musket Rim St

Austin, TX 78738
$5,199,000
5 Bed 6 Bath 6,556 sqft $793/sqft Built 2017 2.21 acres 3-Car Garage Pool Spanish Oaks Ph 02-B

Discover the ultimate in luxury at this stunning Modern Spanish estate by Built Green Custom Homes, tucked into Spanish Oaks - the most exclusive, guard-gated community in Austin. Perched on a scenic ridge this 6,556 sq ft masterpiece sprawls across 2.2 private acres offering unobstructed Hill Country views. Set down a long driveway the property offers incredible privacy and a spectacular approach. Inside the home you are greeted by soaring 20-foot ceilings and walls of Fleetwood glass doors that flood the space with natural light. The home features 5 bedrooms, 6 bathrooms, and premium finishes throughout. The chef’s kitchen dazzles with top-tier Thermador appliances, a massive Calacatta Marble island, and a beautiful butler’s pantry for entertaining. The kitchen flows seamlessly into an open concept living room with fireplace, dining, and full bar—all framed by panoramic views. The primary suite is your personal sanctuary with fireplace, sliding glass doors to the pool, spa-inspired bath with soaking tub, frameless shower showcasing hill country scenery, and an enormous walk-in closet. Ascend the circular staircase to a private overlook—ideal for sunrise coffee or sunset cocktails. Enjoy time with friends and family in the state-of-the-art media room or game room with shuffleboard and multi-screen set-up to watch all of the games at once. The outdoor oasis steals the show: infinity-edge pool and spa, outdoor kitchen, fire pit, multiple lounging zones, TV, fireplace, and a sprawling deck with pool table, all against rolling hills and fiery Texas sunsets. Additional luxuries include an attached casita (bedroom, bath, kitchenette, balcony), 3 additional guest bedrooms, family room with gym, view-filled offices, piano room, pool bath, 3 car garage plus parking for 6-8 more cars and well water for irrigation. All of this just 20 minutes from downtown in Austin’s premier golf community with 24/7 guard gated security, championship golf, hiking trails and much more.

At $793/sqft, this home is priced 103% 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

12109 Musket Rim St, Austin, TX 78738

Property Details

Price $5,199,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 6,556 sqft
Lot Size 2.21 acres (96,062.87 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Spanish Oaks Ph 02-B
County Travis
Zip Code 78738
$/sqft $793/sqft
Days on Market ,
HOA $1,500/Quarterly
Annual Tax Est. $51,288.68
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216927451
List Date January 20, 2026
Elementary School Lake Pointe
Middle School Lake Travis
High School Lake Travis
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
2405 Deer Pass
Westlake Highlands
$5,150,000 $1,192 6 bd / 6 ba 4,322 sqft , 2026-01-30
1414 The High Rd
Westlake Highlands
$5,250,000 $932 4 bd / 5 ba 5,631 sqft , 2026-06-08
8708 Acuarela Ct
Amarra Drive Ph 02
$5,100,000 $972 4 bd / 6 ba 5,248 sqft , 2026-05-29
702 San Antonio St
Block 079 Original City
$5,300,000 $696 4 bd / 5 ba 7,617 sqft , 2025-10-14
14701 Hornsby Hill Rd
Bebys Ranch 01 Resub Of Residence
$5,375,000 $722 6 bd / 8 ba 7,446 sqft , 2026-02-02

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
$24,955/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
$1,039,800
20% conventional investment loan

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

Estimated Gross Rent+$24,955
Principal + Interest−$28,373
Property Tax (~2.1% TX avg)−$9,098
Insurance (~0.5%)−$2,166
Est. Monthly Cash Flow $-14,682

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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