Active Listing  ·  7 days on market

16313 Leopold Trl

Austin, TX 78738
$1,200,000
5 Bed 5 Bath 4,475 sqft $268/sqft Built 2015 0.27 acres 3-Car Garage Pool Rocky Creek Ranch Sec 3

Hill Country tranquility meets everyday practicality in this expansive Rocky Creek retreat designed to accommodate life's changing seasons. This expansive Drees Custom Home in Rocky Creek delivers 4,475 square feet of thoughtfully planned living on a beautifully landscaped quarter-acre lot with a resort-worthy backyard. Framed by classic Texas stone and stucco, the home makes an unforgettable first impression with soaring ceilings, a dramatic staircase, rich hardwood floors, and windows that bring in natural light while showcasing the pool beyond.

At the center of it all, the oversized island kitchen is built for gathering, featuring granite countertops, custom cabinetry, double wall ovens and a gas cooktop with custom range hood. Multiple dining and living areas offer the flexibility to host holidays, entertain on a grand scale, or simply spread out and enjoy everyday life. The secluded main-level primary suite overlooks the backyard retreat and is paired with a spacious bath featuring separate vanities, a soaking tub, walk-in shower, and walk-in closet. A main floor guest room with full ensuite bath provides ideal accommodations for guests, in laws, or a private office. Upstairs, an oversized game room, flex use media room, three additional bedrooms, and two more full baths create exceptional separation without sacrificing connection. Outside, the covered patio with a striking stone fireplace overlooks a sparkling pool and spa surrounded by mature landscaping, creating a backyard that feels more like a private getaway than suburbia. A side-entry two-car garage plus a separate third bay offers valuable space for your workshop and extra storage. Set within Lake Travis ISD, Rocky Creek offers resort-style amenities and scenic trails and ponds just minutes from the Hill Country Galleria and an easy drive to Downtown Austin. If you've been searching for room to spread out without giving up the Hill Country lifestyle, this is one you'll want to experience in person.

At $268/sqft, this home is 31% 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

16313 Leopold Trl, Austin, TX 78738

Property Details

Price $1,200,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,475 sqft
Lot Size 0.27 acres (11,896.24 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rocky Creek Ranch Sec 3
County Travis
Zip Code 78738
$/sqft $268/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. $22,513.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241122175
List Date July 28, 2026
Elementary School Bee Cave
Middle School Bee Cave Middle School
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
4324 Far West Blvd
Meadow Mountain 03
$1,200,000 $398 4 bd / 3 ba 3,013 sqft , 2024-12-06
3400 Serene Hills Ct
Majestic Hills Ranchettes
$1,199,999 $366 4 bd / 4 ba 3,278 sqft , 2026-07-23
4809 SERENE HILLS Dr
SERENE HILLS; LAKEWAY
$1,199,900 $255 4 bd / 4 ba 4,704 sqft , 2026-03-01
225 Bird Bath Bnd
Parten
$1,199,900 $352 4 bd / 4 ba 3,411 sqft , 2026-08-02
16206 Sweetwood Trl
Goldenwood Sec Ii
$1,199,900 $325 6 bd / 4 ba 3,695 sqft , 2026-08-03

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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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