Active Listing  ·  33 days on market

2307 Cades Spirit Bnd

Austin, TX 78738
$1,499,000
5 Bed 5 Bath 4,288 sqft $350/sqft Built 2017 0.23 acres 3-Car Garage Pool Lakes Edge Residential Condos

Refined luxury meets effortless living in gated Lakes Edge. Set within coveted Eanes ISD, this exceptional residence pairs timeless architecture with designer finishes, exceptional craftsmanship, and a floor plan designed for both grand entertaining and everyday comfort.

A dramatic two-story living room anchors the home, where soaring ceilings, a floor-to-ceiling stone fireplace, and four-panel sliding glass doors create an unforgettable connection to the covered outdoor living spaces. The gourmet kitchen is equally impressive, centered around an oversized granite island and appointed with custom cabinetry extending to the ceiling and premium stainless appliances.

The secluded main-level primary retreat overlooks the private backyard and offers a spa-inspired bath with a freestanding soaking tub, oversized walk-in shower, dual vanities, and an expansive dual sided walk-in closet. A private guest suite, flexible office or formal living room, mudroom, laundry room, and powder bath complete the first floor.

Upstairs, a spacious game room, dedicated media room, and three generous secondary bedrooms provide exceptional flexibility. Outside, the covered porch, pergola patio, built-in outdoor kitchen, grill station, and beautifully landscaped fenced backyard create a private setting for entertaining beneath the Texas sky.

Additional highlights include a three-car garage, lush landscaping, striking stone and stucco exterior, and an exceptionally low 1.45% tax rate.

Residents enjoy gated serenity with direct access to greenbelt trails while being just minutes from premier shopping and dining at the Hill Country Galleria, Bee Cave, Downtown Austin, and The Domain. Zoned to acclaimed Barton Creek Elementary, West Ridge Middle, and Westlake High. Come discover what makes this exceptional home truly unforgettable.

At $350/sqft, this home is 10% 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

2307 Cades Spirit Bnd, Austin, TX 78738

Property Details

Price $1,499,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,288 sqft
Lot Size 0.23 acres (9,975.24 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakes Edge Residential Condos
County Travis
Zip Code 78738
$/sqft $350/sqft
Days on Market ,
HOA $500/Quarterly
Annual Tax Est. $19,973.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238357181
List Date July 2, 2026
Elementary School Barton Creek
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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 2, 2026 $1,600,000
Previous ask $1,549,000
Current ask $1,499,000
Reduced $101,000 (-6.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1078 Gato Del Sol Ave
Saratoga Hills
$1,499,000 $339 4 bd / 6 ba 4,428 sqft , 2026-04-06
1410 E 3rd St #A
Peck RH
$1,499,000 $518 4 bd / 5 ba 2,896 sqft , 2026-05-14
224 Neville Wood Ct
Flintrock At Hurst Creek Ph 01
$1,499,000 $416 4 bd / 4 ba 3,602 sqft , 2026-05-16
5104 Beverly Hills Dr
Beverly Hill
$1,499,000 $504 4 bd / 3 ba 2,973 sqft , 2026-07-31
1719 Spyglass Dr #16
Spyglass
$1,499,999 $508 4 bd / 5 ba 2,950 sqft , 2026-01-08

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
$7,195/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
$299,800
20% conventional investment loan

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

Estimated Gross Rent+$7,195
Principal + Interest−$8,181
Property Tax (~2.1% TX avg)−$2,623
Insurance (~0.5%)−$625
Est. Monthly Cash Flow $-4,234

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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