Active Listing  ·  40 days on market

2305 Trail Of Madrones None

Austin, TX 78746
$2,395,000
4 Bed 4 Bath 3,225 sqft $743/sqft Built 1963 0.90 acres 2-Car Garage Pool Westlake Highlands Sec 02

Completely remodeled and true to its mid-century roots, this warm Westlake home opens directly to an incredible view and a backyard that makes the property feel like a private retreat.

With four large bedrooms, including two en-suites, three and a half baths, two living areas, an expansive kitchen, and abundant storage, the home is polished, spacious, and easy to live in.

The bright and airy kitchen brings a clean, modern edge with Thermador appliances, custom maple cabinetry, and sleek terrazzo floors. Nearby, the living room adds warmth with a wood-burning fireplace, exposed beams, and white oak hardwood floors. An entire wall of windows and doors opens directly onto the outdoor entertaining space.

The nearly one-acre lot is the showpiece. The expansive fenced backyard now features a putting green and generous lawn space, creating an incredible setting for entertaining, playing, or simply enjoying the outdoors. The large private pool is ready for the warm Texas days with a generous 10 foot depth, while the entertainers’ deck is perfect for lazy afternoons or lively gatherings. Above it all, the wraparound balcony captures panoramic views of the Texas Hill Country, bringing together the home's architecture, outdoor spaces, and spectacular Westlake setting.

At $743/sqft, this home is priced 91% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2305 Trail Of Madrones None, Austin, TX 78746

Property Details

Price $2,395,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,225 sqft
Lot Size 0.90 acres (39,204 sqft)
Year Built 1963
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westlake Highlands Sec 02
County Travis
Zip Code 78746
$/sqft $743/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248284949
List Date October 3, 2026
Elementary School Bridge Point
Middle School Hill Country
High School Westlake
School District Eanes ISD

Eanes ISD

Bridge Point · Hill Country · Westlake

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
1504 Twilight Ridge Dr
Wild Basin Ledge Amd
$2,395,000 $640 4 bd / 4 ba 3,740 sqft , 2026-06-18
4800 Mantle Dr
Bull Mountain Ph 04 Sec 01
$2,549,000 $714 4 bd / 4 ba 3,569 sqft , 2026-04-16
4306 Bennedict Ln
West Rim
$2,200,000 $705 4 bd / 4 ba 3,122 sqft , 2026-05-22
5000 Fast Fox Trl
Westlake Highlands Sec 08 Amd
$2,200,000 $928 3 bd / 3 ba 2,370 sqft , 2026-10-08
3901 Prentice Ln
West Rim
$2,195,000 $575 4 bd / 4 ba 3,820 sqft , 2026-04-16

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
$11,496/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
$479,000
20% conventional investment loan

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

Estimated Gross Rent+$11,496
Principal + Interest−$13,070
Property Tax (assumed ~2.1%)−$4,191
Insurance (assumed ~0.5%)−$998
Est. Monthly Cash Flow $-6,763

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 →

Neighborhood Context

About Westlake Hills

Westlake Hills is Austin's most prestigious address. The small city of Westlake Hills sits in the hills west of Austin proper - with views of the city skyline, the Texas Hill Country, and Lake Austin visible from many properties. It is where Austin's most successful executives, entrepreneurs, and professionals choose to live.

The primary driver of Westlake's demand is Eanes ISD - consistently ranked among the top school districts in Texas and regularly appearing on national top-100 lists. Families move to Westlake specifically for Westlake High School, and the school's reputation sustains property values through every market cycle.

🎓
Eanes ISD

Westlake High School is among the top public high schools in Texas. AP course offerings, athletics, and college matriculation rates rival private schools. This is the #1 driver of Westlake real estate demand.

🏔️
Hill Country Views

Elevated terrain means many homes have panoramic views of downtown Austin's skyline, Lake Austin, and the surrounding hill country. Views add significant value and are irreplaceable.

🔒
Privacy & Security

Many Westlake properties are set back from the road on large lots, often in gated communities. The density is far lower than inside Austin proper.

⏱️
Downtown Access

Despite feeling removed, Westlake is 10 to 15 minutes from downtown Austin via MoPac. The hills buffer from city noise without sacrificing access.

Full Westlake Hills Guide →

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 · 41 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. The written content was last updated on November 8, 2026.

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

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