Active Listing  ·  82 days on market

244 Zonetail Cv

Austin, TX 78737
$3,495,000
5 Bed 5 Bath 4,626 sqft $756/sqft Built 2026 1.44 acres 5-Car Garage Pool New Construction Hawk Ridge Ph 1

Welcome to 244 Zonetail Cove—an exceptional Hill Country modern estate in the gated Hawkridge community, blending refined design with everyday functionality. Situated on 1.44 private acres in the acclaimed Dripping Springs ISD, this 5-bedroom, 4.5-bath residence offers expansive indoor-outdoor living and a total of 4,626 square feet which includes a 234-square-foot conditioned flex space.

Thoughtfully designed with elevated finishes and warm natural materials, the interior showcases soaring vaulted ceilings with exposed beams, interior stone accents, wide-plank hardwood floors, and rift-cut white oak cabinetry throughout. The open-concept layout creates a seamless flow between living, dining, and entertaining spaces, all centered around a stunning chef’s kitchen.

Step outside to a resort-style setting featuring a pool and spa with a dual tanning beach and water feature, surrounded by artificial turf and designed for low-maintenance luxury. A spacious outdoor kitchen with propane grill and sink completes the experience, offering effortless entertaining under the Texas sky.

At $756/sqft, this home is priced 93% 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

244 Zonetail Cv, Austin, TX 78737

Property Details

Price $3,495,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,626 sqft
Lot Size 1.44 acres (62,726.4 sqft)
Year Built 2026
Garage 5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hawk Ridge Ph 1
County Hays
Zip Code 78737
$/sqft $756/sqft
Days on Market ,
HOA $1,250/Annually
Annual Tax Est. $4,711.25
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230074147
List Date May 14, 2026
Elementary School Cypress 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
6705 Elfland Dr
Rivercrest Add Sec 02
$3,495,000 $1,109 4 bd / 5 ba 3,151 sqft , 2026-05-06
3310 Westhill Dr
West Park Add
$3,495,000 $1,092 4 bd / 4 ba 3,201 sqft , 2026-05-08
5403 Ridge Oak Dr
Highland Park West Sec 02
$3,495,000 $827 6 bd / 4 ba 4,224 sqft , 2026-06-19
504 W 7th St
Block 079 Original City
$3,500,000 $688 6 bd / 4 ba 5,089 sqft , 2025-04-21
110 Bella Montagna Cir
Bella Montagna
$3,500,000 $658 5 bd / 7 ba 5,318 sqft , 2026-03-13

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
$16,776/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
$699,000
20% conventional investment loan

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

Estimated Gross Rent+$16,776
Principal + Interest−$19,074
Property Tax (~2.1% TX avg)−$6,116
Insurance (~0.5%)−$1,456
Est. Monthly Cash Flow $-9,870

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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