Active Listing  ·  12 days on market

1702 Crested Butte Dr

Austin, TX 78746
$1,595,000
4 Bed 3 Bath 2,360 sqft $676/sqft Built 1983 0.38 acres 2-Car Garage Pool Beecave Woods Sec 04

Tucked beneath a canopy of tall, mature trees, 1702 Crested Butte is the kind of home that feels welcoming from the moment you arrive. The charming red brick façade, lush established landscaping, and peaceful setting give the home a warmth and character that only gets better with time.

The backyard is truly special. Thoughtfully terraced into the landscape, it feels like a private garden retreat, with a covered patio, firepit, and tranquil waterfall feature woven into the lush surroundings. Towering trees provide shade and privacy, while the sound of moving water creates an incredibly peaceful backdrop. It’s a space made for slow mornings with coffee, long evenings outside, and gathering around the fire as the sun goes down.

And while the setting feels tucked away, the location makes everyday life remarkably easy. Nearby schools are within walking distance, and quick access to MoPac means getting downtown or across Austin is simple and convenient.

Charming, established, and surrounded by nature, 1702 Crested Butte offers that rare combination of a peaceful place to come home to and easy access to everything beyond it.

At $676/sqft, this home is priced 72% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1702 Crested Butte Dr, Austin, TX 78746

Property Details

Price $1,595,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,360 sqft
Lot Size 0.38 acres (16,422.12 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Beecave Woods Sec 04
County Travis
Zip Code 78746
$/sqft $676/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $23,037
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245201290
List Date September 10, 2026
Elementary School Cedar Creek (Eanes ISD)
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
1719 Spyglass Dr #17
Spyglass
$1,654,900 $526 4 bd / 5 ba 3,146 sqft , 2026-05-08
1719 Spyglass Dr #16
Spyglass
$1,499,999 $508 4 bd / 5 ba 2,950 sqft , 2026-01-08
2610 Watkins Way
Walsh 360 Townhomes
$1,399,000 $494 4 bd / 4 ba 2,834 sqft , 2026-02-14
2409 La Casa Dr #1
M S Z Add
$1,399,000 $735 3 bd / 3 ba 1,903 sqft , 2026-05-29
2114 Wychwood Dr
Bee Cave Woods Sec 03
$1,799,000 $595 5 bd / 3 ba 3,025 sqft , 2026-08-07

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
$7,656/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
$319,000
20% conventional investment loan

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

Estimated Gross Rent+$7,656
Principal + Interest−$8,705
Property Tax (~2.1% TX avg)−$2,791
Insurance (~0.5%)−$665
Est. Monthly Cash Flow $-4,505

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 17, 2026.

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