Active Listing  ·  207 days on market

1501 Ridgecrest Dr

Austin, TX 78746
$5,350,000
6 Bed 5 Bath 9,707 sqft $551/sqft Built 2011 1.42 acres 4-Car Garage Pool Westlake Highlands

The pinnacle of modern luxury, this unparalleled contemporary estate has been exceptionally designed and extensively renovated. Nestled in the hills of Westlake Highlands and zoned to highly rated & highly sought-after Eanes ISD. Privately situated behind a stucco privacy wall, a gated entrance opens to reveal the impressive, stand alone estate that is 1501 Ridgecrest Dr. Walls of glass seamlessly integrate the expansive living and outdoor spaces and give way to breathtaking canyon views from every room. Ultra modern elegance meets functionality. A contemporary masterpiece, with the utmost attention to detail evident throughout. Design selections exude a modern sophisticated aesthetic (incl. Italian cabinetry, marble and stone throughout imported from Italy and Spain, Miele appliances, etc) and forward thinking, state-of-the-art home automation, security and A/V complete the spacious multilevel floor plan. Perfect for those that are seeking a private retreat of peace and serenity, those searching for amazing family space + those that love to entertain. The entire property is a showcase of stone and glass & black accent detail in every room offer a contrasting element, creating a striking statement against crisp, white walls and pops of chrome fixtures and accents. The main floor features a flex room, access to auto lounge & garage, great room, guest bath and the chef's kitchen is thoughtfully designed with an exquisite black stone center island and sleek black Italian cabinetry concealing state of the art Miele appliances. Accessibly by elevator or stairs, the upper level is thoughtfully designed - open to the main floor the primary suite is secluded to one wing & bedrooms, shared bath & bonus room in the other. The lower level features a wine lounge, home theater, full bath, & guest suite. Truly an exceptional property for the most discerning audiences, weaving contemporary design, home automation and breathtaking views to create a one-of-a-kind living experience.

At $551/sqft, this home is priced 41% 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

1501 Ridgecrest Dr, Austin, TX 78746

Property Details

Price $5,350,000
Status Active Listing
Beds 6
Full Baths 4
Half Baths 1
Living Area 9,707 sqft
Lot Size 1.42 acres (62,016.37 sqft)
Year Built 2011
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westlake Highlands
County Travis
Zip Code 78746
$/sqft $551/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $86,435.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215912079
List Date January 9, 2026
Elementary School Bridge Point
Middle School Hill Country
High School Westlake
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
14701 Hornsby Hill Rd
Bebys Ranch 01 Resub Of Residence
$5,375,000 $722 6 bd / 8 ba 7,446 sqft , 2026-02-02
3304 Barton Creek Blvd
Estates Above Lost Creek
$5,499,000 $627 6 bd / 8 ba 8,772 sqft , 2026-01-19
12600 Lyndon Dr
Lairsen Add
$5,500,000 $820 5 bd / 7 ba 6,706 sqft , 2025-11-14
12109 Musket Rim St
Spanish Oaks Ph 02-B
$5,199,000 $793 5 bd / 6 ba 6,556 sqft , 2026-01-20
12317 Emory Oak Ln
Spanish Oaks
$5,675,000 $694 5 bd / 6 ba 8,178 sqft , 2026-04-13

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
$25,680/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
$1,070,000
20% conventional investment loan

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

Estimated Gross Rent+$25,680
Principal + Interest−$29,197
Property Tax (~2.1% TX avg)−$9,363
Insurance (~0.5%)−$2,229
Est. Monthly Cash Flow $-15,109

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

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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