Active Listing  ·  22 days on market

1923 Cypress Pt W

Austin, TX 78746
$1,595,000
3 Bed 3 Bath 2,542 sqft $627/sqft Built 1978 0.49 acres 2-Car Garage Pool Lost Creek Sec 02

Tucked away from the street in Austin’s coveted Lost Creek neighborhood, this rare offering blends the character of an original ’70s classic with a sophisticated contemporary aesthetic. Beautifully remodeled in 2026 and thoughtfully designed, this 3-bedroom, 2.5-bath home sits on a gently sloping .5-acre lot with sweeping Hill Country views. From the moment you enter, the home feels warm, inviting, and wonderfully private. European oak plank flooring enhances the light, open atmosphere. The beautifully appointed kitchen features custom white oak cabinetry, white quartz countertops with waterfall-edge island, and Samsung Bespoke appliances. Open to the living area, the kitchen flows to a stone fireplace, beamed ceiling, and French doors opening to an expansive backyard with stunning views across the hillsides of Lost Creek. The main level also features an elegant dining area, wood-paneled study with stone fireplace, remodeled powder room, and full-width covered porch overlooking the backyard. Upstairs, the retreat-like primary suite features vaulted beamed ceilings, a generous sunroom with panoramic views, and a spa-inspired bath. Two additional bedrooms overlook a canopy of mature trees and share a remodeled hall bath. The backyard offers flexibility for future enhancements. Recently landscaped and irrigated, the grounds feature limestone and steel steps, mature trees, and established plantings, creating a private, park-like setting. Just minutes from Lost Creek Park, nature trails, the Greenbelt, Westlake Country Club, acclaimed restaurants, and shops. With easy access to downtown Austin and highly acclaimed Eanes schools, this home offers a rare combination of thoughtful design, privacy, Hill Country views, and an exceptional location.

At $627/sqft, this home is priced 60% 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

1923 Cypress Pt W, Austin, TX 78746

Property Details

Price $1,595,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,542 sqft
Lot Size 0.49 acres (21,196.3 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lost Creek Sec 02
County Travis
Zip Code 78746
$/sqft $627/sqft
Days on Market ,
HOA $65/Annually
Annual Tax Est. $17,999.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242327563
List Date September 1, 2026
Elementary School Forest Trail
Middle School West Ridge
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
1528 Ben Crenshaw Way
Lost Creek Sec 03-A
$1,799,000 $550 4 bd / 3 ba 3,269 sqft , 2026-08-24
6009 Diamond Head Dr
Hills Lost Creek Sec 03
$1,250,000 $463 3 bd / 3 ba 2,698 sqft , 2026-09-21
6304 WHITEMARSH VALLEY Walk
LOST CREEK SEC 2
$1,099,000 $511 4 bd / 2 ba 2,152 sqft , 2026-09-17
1211 Falcon Ledge Dr
Camelot Sec 03
$1,094,000 $533 3 bd / 2 ba 2,051 sqft , 2026-05-28

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 →