Active Listing  ·  81 days on market

12701 High Sierra None

Austin, TX 78737
$1,675,000
5 Bed 5 Bath 4,863 sqft $344/sqft Built 1984 10.41 acres 2-Car Garage Pool S0470 Big County Annex

Escape to the serenity of Texas Hill Country with this rare 10+acre retreat between Austin and Dripping Springs, where privacy, natural beauty, and country living come together. Surrounded by majestic oak trees and sweeping hill country views, the rustic yet whimsical farmhouse offers 4 beds, 4 baths, and multiple living spaces designed for gathering and relaxation. The 2017 addition provides flex space for a 5th bedroom if desired. A large kitchen with ample storage opens seamlessly into the heart of the home, while four expansive decks invite you to enjoy sunrise coffee, evening sunsets, and the peaceful sounds of nature. The grounds are equally impressive featuring a sparkling pool with hot tub and fastlane swimjet, a 30,000 gallon rainwater collection system, and a garage/storehouse, all arranged to support a tranquil country lifestyle. For those dreaming of space to roam, the fully enclosed acreage once supported free-grazing horses and offers endless possibilities for pets, recreation, or future improvements. Per seller, the property may be resubdivided into as many as 4 parcels, offering additional homesite opportunities. Adding even more value is the charming detached guest cabin, complete with private road access and gated parking. This cozy 1-bedroom, 1-bath retreat features a full kitchen, living room, spacious deck for rockers and grill, and a 240V EV charging outlet. Operating in the past as a successful Airbnb with a 4.9-star rating, the cabin provides an exceptional opportunity for multigenerational living, or hosting family and friends. Whether you envision a private homestead, hobby ranch, family compound, or future development opportunity, this one-of-a-kind hill country property offers the space, flexibility, and charm to make it your own. Ony 30 minutes to Austin or the airport, It awaits your buyer's personal design touches. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $344/sqft, this home is 12% 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

12701 High Sierra None, Austin, TX 78737

Property Details

Price $1,675,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths ,
Living Area 4,863 sqft
Lot Size 10.41 acres (453,546.72 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision S0470 Big County Annex
County Hays
Zip Code 78737
$/sqft $344/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,098.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230244642
List Date May 15, 2026
Elementary School Dripping Springs
Middle School Dripping Springs Middle
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 →

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
102 N Lake Hills Dr
Lake Ridge Estates Sec 02
$1,658,888 $509 4 bd / 4 ba 3,256 sqft , 2026-07-20
11710 Uplands Ridge Dr
Uplands Ridge
$1,695,000 $428 5 bd / 4 ba 3,963 sqft , 2025-02-11
5000 Valburn Ct
Northwest Hills
$1,695,000 $440 4 bd / 3 ba 3,849 sqft , 2026-02-27
16323 Lake Loop
Buffalo Gap
$1,695,000 $395 5 bd / 6 ba 4,293 sqft , 2026-07-24
10700 Spiderling Ct
Senna Hills
$1,695,000 $412 4 bd / 4 ba 4,117 sqft , 2026-07-26

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
$8,040/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
$335,000
20% conventional investment loan

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

Estimated Gross Rent+$8,040
Principal + Interest−$9,141
Property Tax (~2.1% TX avg)−$2,931
Insurance (~0.5%)−$698
Est. Monthly Cash Flow $-4,730

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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