Active Listing  ·  27 days on market

208 Mirafield Ln

Austin, TX 78737
$899,000
5 Bed 5 Bath 3,684 sqft $244/sqft Built 2011 0.22 acres 3-Car Garage Pool Belterra Ph 4 Sec 14

Situated on a peaceful greenbelt lot in the highly sought-after Belterra community and zoned to acclaimed Dripping Springs ISD, this spacious five-bedroom home offers an exceptional blend of comfort, style, and convenience. Thoughtfully updated throughout, the home is move-in ready with major improvements already completed.

Recent upgrades include a beautifully renovated kitchen and updated flooring (2022), roof (October 2023), garage door (November 2023), A/C and furnace (November 2023), and fresh interior paint completed in 2026, creating a bright, modern feel throughout the home.

The functional floor plan offers generous living and entertaining spaces, while the private backyard overlooks a tranquil greenbelt, providing a peaceful setting to relax or gather with family and friends.

Ideally located within walking distance to Rooster Springs Elementary and just minutes from shopping, dining, and everyday conveniences in Belterra and Ledgestone, residents also enjoy access to outstanding neighborhood amenities, including miles of hiking and biking trails, parks, pools, and the community swim team.

This is a rare opportunity to own a beautifully maintained, extensively updated home in one of the Dripping Springs area's most desirable master-planned communities.

At $244/sqft, this home is 38% 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

208 Mirafield Ln, Austin, TX 78737

Property Details

Price $899,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,684 sqft
Lot Size 0.22 acres (9,618.05 sqft)
Year Built 2011
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Belterra Ph 4 Sec 14
County Hays
Zip Code 78737
$/sqft $244/sqft
Days on Market ,
HOA $144/Quarterly
Annual Tax Est. $19,158.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232477283
List Date July 8, 2026
Elementary School Rooster Springs
Middle School Sycamore Springs
High School Dripping Springs
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
223 Lake Como Dr
North Lakeway Village
$899,000 $234 5 bd / 4 ba 3,841 sqft , 2026-04-06
512 Summer Wilson Cv
Rough Hollow
$899,000 $270 4 bd / 5 ba 3,329 sqft , 2026-05-22
15087 Dorothy Dr
Cardinal Hills Unit 05
$899,000 $310 4 bd / 4 ba 2,900 sqft , 2026-06-12
11034 Galleria Cv
Sierra Vista 03 Ph 02
$899,000 $293 4 bd / 3 ba 3,067 sqft , 2026-06-19
7124 Via Dono Dr
Heights At Loma Vista
$899,000 $251 4 bd / 4 ba 3,579 sqft , 2026-06-30

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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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