Active Listing  ·  53 days on market

15087 Dorothy Dr

Austin, TX 78734
$899,000
4 Bed 4 Bath 2,900 sqft $310/sqft Built 2021 0.28 acres 3-Car Garage Pool New Construction Cardinal Hills Unit 05

4BR Contemporary Home with Rooftop Deck & 3-Car Garage

New contemporary Lakeway home with sweeping Hill Country views and a covered third-floor rooftop terrace featuring a half bath—perfect for entertaining and enjoying spectacular sunsets.

The open-concept main level offers a spacious living area with large windows and sliding glass doors leading to a covered patio and fenced backyard. A bedroom and full bath on the main floor provide flexibility for guests or a home office. The kitchen features stone countertops, stainless steel appliances, a gas cooktop, and double ovens.

Upstairs includes three bedrooms and an additional living area with balcony access. An oversized three-car garage is complemented by a large bonus storage room, ideal for a workshop, gym, or hobby space.

Located just 1.6 miles from H-E-B and close to shopping, dining, parks, hiking trails, and highly rated Lake Travis ISD schools, all within 35 minutes of Downtown Austin!

At $310/sqft, this home is 21% 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

15087 Dorothy Dr, Austin, TX 78734

Property Details

Price $899,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,900 sqft
Lot Size 0.28 acres (12,314.41 sqft)
Year Built 2021
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cardinal Hills Unit 05
County Travis
Zip Code 78734
$/sqft $310/sqft
Days on Market ,
HOA $259/Annually
Annual Tax Est. $14,915.92
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT232540648
List Date June 12, 2026
Elementary School Lakeway
Middle School Hudson Bend
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.

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
4530 Clawson Rd #1
Park Forest Sec 03
$899,000 $474 3 bd / 3 ba 1,896 sqft , 2026-01-18
223 Lake Como Dr
North Lakeway Village
$899,000 $234 5 bd / 4 ba 3,841 sqft , 2026-04-06
8904 Chisholm Ln
Western Ridge Estates Sec A
$899,000 $419 3 bd / 3 ba 2,144 sqft , 2026-01-15
3001 Del Curto Rd #35
Canopy Condo
$899,000 $416 4 bd / 3 ba 2,163 sqft , 2026-04-15
3822 Berkman Dr
Mueller
$899,000 $372 3 bd / 4 ba 2,417 sqft , 2026-04-09

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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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