Active Listing  ·  881 days on market

2004 Canonero Dr

Austin, TX 78746
$3,250,000
6 Bed 5 Bath 5,867 sqft $554/sqft Built 1998 1.27 acres 3-Car Garage Pool Davenport Ranch Ph 05 Sec 01

Discover luxury hilltop living in this spectacular greenbelt home, offering breathtaking panoramic hill country views. Thoughtfully designed with a coveted flipped floor plan, the main level boasts soaring ceilings, an abundance of natural light, and an effortless open flow perfect for entertaining.

Enjoy multiple balconies and generous outdoor spaces that overlook the sprawling yard and resort-style swimming pool.

The freshly updated entertainer’s kitchen serves as the heart of the home, now featuring stunning new countertops and professional-grade stainless steel appliances, including a center island, breakfast bar, and dual ovens. Luxury continues into the oversized owner’s suite, a true retreat complete with a private sitting area, cozy fireplace, and a spa-like bath updated with new countertops, dual vanities, a soaking tub, and a walk-in shower with multi-body spray heads.

The lower level offers four spacious bedrooms, three additional bathrooms, a dedicated homework station, extra storage, and a large game room that opens to the covered patio and pool area. A bonus flex space is perfect for a home gym or pool house.

Nestled in a peaceful Westlake neighborhood, this home is minutes from Austin Country Club and the vibrant shops and restaurants of Davenport Village. Zoned to the highly acclaimed Eanes ISD, one of the best school districts in Texas, this is an incredible opportunity to own a stunning home in one of Austin’s most desired neighborhoods.

Now is the time to take advantage of this unparalleled offering! Schedule your private tour today!

At $554/sqft, this home is priced 42% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2004 Canonero Dr, Austin, TX 78746

Property Details

Price $3,250,000
Status Active Listing
Beds 6
Full Baths 5
Half Baths ,
Living Area 5,867 sqft
Lot Size 1.27 acres (55,234.08 sqft)
Year Built 1998
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Davenport Ranch Ph 05 Sec 01
County Travis
Zip Code 78746
$/sqft $554/sqft
Days on Market ,
HOA $684/Annually
Annual Tax Est. $42,756.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT121146157
List Date March 6, 2024
Elementary School Bridge Point
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.

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
2404 Arpdale St
Barton Hills Sec 03A
$3,250,000 $830 5 bd / 5 ba 3,918 sqft , 2025-11-01
6411 Cary Dr
Treadwell Add Sec 01
$3,250,000 $813 5 bd / 5 ba 3,999 sqft , 2026-02-27
6300 Caudill Ln
Creeks Edge
$3,250,000 $542 5 bd / 7 ba 6,000 sqft , 2026-03-26
103 Bella Cima Dr
Costa Bella Sec 02
$3,250,000 $465 5 bd / 6 ba 6,987 sqft , 2026-07-17
7609 Sandia Loop
Foothills Barton Creek
$3,290,000 $558 5 bd / 5 ba 5,891 sqft , 2026-04-23

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
$15,600/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
$650,000
20% conventional investment loan

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

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

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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