Active Listing  ·  139 days on market

145 Cistern Way

Austin, TX 78737
$945,000
4 Bed 5 Bath 4,640 sqft $204/sqft Built 2020 0.26 acres 3-Car Garage Pool Parten Ranch Ph 1

Situated in the highly sought-after Parten Ranch community, this stunning residence showcases the coveted Sumara floor plan, with a breathtaking two-story rotunda foyer with a sweeping curved staircase, creating an unforgettable first impression. The home offers an expansive, open-concept layout highlighted by a dramatic two-story living room anchored by a striking floor-to-ceiling fireplace and filled with natural light from walls of windows. A private study provides the perfect work-from-home retreat. The main level features a luxurious primary suite with a spa-inspired bath, complete with an oversized soaking tub, an elegant walk-in shower with dual shower heads, 2 walk-in closets, and refined finishes throughout. An additional guest suite with a full ensuite bath is also conveniently located on the first floor. Designed for both everyday living and entertaining, the chef’s kitchen is beautifully appointed with quartz countertops, a large center island with seating, gas cooktop with pot filler, and a spacious breakfast area with a built-in buffet, all complemented by a formal dining room. Upstairs, enjoy a media room, an expansive game room with a wet bar, a versatile flex space, and two generously sized bedrooms, each with its own private ensuite bath. Additional highlights include a 3-car garage and a covered back porch overlooking the backyard, offering endless possibilities for outdoor living. With elegant, timeless finishes, this home perfectly blends sophistication and comfort. Residents of Parten Ranch enjoy access to an amenities center, resort-style pools, and scenic trails.

At $204/sqft, this home is 48% 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

145 Cistern Way, Austin, TX 78737

Property Details

Price $945,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 4,640 sqft
Lot Size 0.26 acres (11,499.84 sqft)
Year Built 2020
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten Ranch Ph 1
County Hays
Zip Code 78737
$/sqft $204/sqft
Days on Market ,
HOA $225/Quarterly
Annual Tax Est. $26,602.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222844578
List Date March 18, 2026
Elementary School Cypress 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.

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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 · March 18, 2026 $1,095,000
Previous ask $980,000
Current ask $945,000
Reduced $150,000 (-13.7%) 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
10400 Roy Butler Dr
Avery Ranch North Sec 01 Pud Amd
$945,000 $238 5 bd / 4 ba 3,976 sqft , 2026-04-23
13306 Montview Dr
Montview Acres
$945,000 $286 4 bd / 3 ba 3,300 sqft , 2026-05-14
5801 Leckrone Cv
Lantana Sec 04
$947,000 $268 5 bd / 4 ba 3,540 sqft , 2026-04-20
219 Varco Dr
Ridge At Alta Vista Resub
$947,000 $245 4 bd / 4 ba 3,866 sqft , 2026-05-22
9500 Corbe Dr
Canyon Creek Sec 29
$948,800 $260 5 bd / 4 ba 3,649 sqft , 2026-07-29

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
$4,536/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
$189,000
20% conventional investment loan

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

Estimated Gross Rent+$4,536
Principal + Interest−$5,157
Property Tax (~2.1% TX avg)−$1,654
Insurance (~0.5%)−$394
Est. Monthly Cash Flow $-2,669

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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