Active Listing  ·  200 days on market

15421 McCormick Vista Dr

Austin, TX 78734
$1,599,000
5 Bed 5 Bath 5,841 sqft $274/sqft Built 2022 1.23 acres 3-Car Garage Pool McCormick Mountain Sub Ph 2

Also listed for LEASE. This custom-built Hill Country home set on a quiet gated street near Lake Travis offers generous living spaces and elevated indoor–outdoor living on a private 1+ acre lot. The open-concept main level features a chef’s kitchen connected to the living and dining areas, the primary suite plus two additional bedrooms with a jack-and-jill bath, and a mudroom/laundry room. Off the open living area, expansive sliding doors open to the covered upper patio with treetop views. The spacious primary suite offers a peaceful retreat with a custom walk-in closet and a bathroom with dual vanities, a soaking tub, and walk-in shower. The lower level offers exceptional versatility with a large family room, game area, dedicated fitness space, and two additional bedrooms and bathrooms, while unfinished areas allow opportunities for future expansion. The floor plan offers plenty of separate work from home spaces. Outdoor living is equally impressive. The lower level opens to a spacious deck and resort-style sport pool and spa completed in 2024, featuring a shallow sun deck and an 8’ x 8’ spa. Two expansive sun sails create shaded lounging areas, while the yard beyond the pool allows room for play, pets, or outdoor gatherings. The oversized garage offers plenty of space for vehicles, storage, and projects, with electrical capacity for a workshop and EV charging. Major systems include a standing seam metal roof, two propane water heaters, and two Trane HVAC systems, all three years old. Located minutes from Lake Travis, the Hill Country Galleria, and popular dining and entertainment, with convenient access to Highway 71, Ranch Road 620, and top-rated Lake Travis ISD schools. SQUARE FOOTAGE NOTES: Floor Plan was measured as 4,853 SQFT FINISHED SPACE / 1,119 SQFT UNFINISHED SPACE for storage or future build out (unfinished areas in lower level have HVAC)/ Travis County Appraisal District reflects total Square Footage as 5841.

At $274/sqft, this home is 30% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

15421 McCormick Vista Dr, Austin, TX 78734

Property Details

Price $1,599,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 5,841 sqft
Lot Size 1.23 acres (53,417.63 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision McCormick Mountain Sub Ph 2
County Travis
Zip Code 78734
$/sqft $274/sqft
Days on Market ,
HOA $150/Monthly
Annual Tax Est. $23,216.84
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221038058
List Date March 6, 2026
Elementary School Lake Travis
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.

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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 6, 2026 $2,175,000
Previous ask $1,695,000
Current ask $1,599,000
Reduced $576,000 (-26.5%) 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
5005 McIntyre Cir
Travis Landing 02 Ph 03
$1,750,000 $389 4 bd / 5 ba 4,500 sqft , 2026-02-09
4127 Lago Viento Dr
Lakewind Estates Sec 03
$1,750,000 $352 5 bd / 6 ba 4,978 sqft , 2026-09-08
4325 Lago Viento None
Lakewind Estates Sec 03
$1,290,000 $277 5 bd / 5 ba 4,652 sqft , 2025-07-15

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
$7,675/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
$319,800
20% conventional investment loan

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

Estimated Gross Rent+$7,675
Principal + Interest−$8,726
Property Tax (~2.1% TX avg)−$2,798
Insurance (~0.5%)−$666
Est. Monthly Cash Flow $-4,515

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →