Active Listing  ·  4 days on market

16 Sundown Pkwy

Austin, TX 78746
$5,400,000
4 Bed 6 Bath 5,244 sqft $1,030/sqft Built 2014 1.20 acres 3-Car Garage Pool Westlake Oaks

This modern estate in the Sundown Parkway community sits on over an acre of land and offers views of the downtown Austin skyline. It's located just minutes from downtown and major shopping areas. The home is built with extensive glass throughout, allowing views of downtown and the surrounding property from multiple rooms. Both levels of the home have full living spaces, each with access to outdoor areas. The upper floor includes an open kitchen, living, and dining area, a private study, and the primary suite. The lower level opens to the yard and pool, and includes a guest suite with a kitchenette and living area, a private office or exercise room with a separate entrance, and two additional bedrooms, each with an ensuite bath. The three-car garage includes a climate-controlled studio space suitable for music or art use. Outdoor features include a stone pool and sundeck, a covered sitting area, and an open lawn. The Sundown Parkway community includes 14 acres of shared greenbelt, tennis courts, a pond, and horse stables.

At $1,030/sqft, this home is priced 162% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

16 Sundown Pkwy, Austin, TX 78746

Property Details

Price $5,400,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 2
Living Area 5,244 sqft
Lot Size 1.20 acres (52,097.76 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westlake Oaks
County Travis
Zip Code 78746
$/sqft $1,030/sqft
Days on Market ,
HOA $1,000/Annually
Annual Tax Est. $104,500.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247367607
List Date September 19, 2026
Elementary School Eanes
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.

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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
1216 Eternity Ter
The Overlook at Westlake
$4,717,046 $955 5 bd / 6 ba 4,937 sqft , 2026-05-23
1209 Eternity Ter
The Overlook at Westlake
$4,639,481 $881 5 bd / 7 ba 5,266 sqft , 2026-05-23
6 WREN VALLEY Cv
Wren Valley Sec 01-A
$4,625,000 $791 5 bd / 6 ba 5,845 sqft , 2026-05-01

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
$25,920/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
$1,080,000
20% conventional investment loan

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

Estimated Gross Rent+$25,920
Principal + Interest−$29,470
Property Tax (~2.1% TX avg)−$9,450
Insurance (~0.5%)−$2,250
Est. Monthly Cash Flow $-15,250

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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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 21, 2026.

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