Active Listing  ·  214 days on market

2551 Waymaker Way

Austin, TX 78746
$4,750,000
5 Bed 6 Bath 6,394 sqft $743/sqft Built 2015 0.65 acres 4-Car Garage Pool Davenport Ranch

Modern architecture, dramatic Hill Country views, and exceptional indoor-outdoor living define this striking residence in Westlake’s coveted Davenport Ranch community. Clean lines, expansive walls of glass, and thoughtfully designed spaces create a sophisticated yet highly functional home for everyday living and entertaining. The main level is anchored by a sleek chef’s kitchen with premium appliances, abundant cabinetry, and seamless flow into the formal dining area and expansive living room. Floor-to-ceiling windows fill the interiors with natural light while framing sweeping sunset views. The main-floor primary suite offers a private retreat with soaring ceilings, a sitting area, pool and sunset views, and a spa-inspired bath with soaking tub, walk-in shower, dual vanities, separate wet room, and oversized custom closet. Also on the main level are a private office, full guest suite, and extensive mudroom with built-ins and planning desk. Upstairs, three additional bedrooms, a second laundry room, generous storage, and a spacious game room lounge with wet bar provide flexibility for family, guests, and recreation. Multiple balconies and terraces extend the living spaces outdoors. The resort-style backyard features a covered outdoor living area with fireplace, summer kitchen, custom pool and spa, fire pit lounge, and large private lawn. Two separate two-car garages provide exceptional parking and storage. Residents enjoy neighborhood tennis courts, a playground, and walking trail, with convenient access to Lake Austin, premier country clubs, parks, shopping, dining, and downtown. Located in highly regarded Eanes ISD and zoned to Bridge Point Elementary, Hill Country Middle School, and Westlake High School.

At $743/sqft, this home is priced 90% 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

2551 Waymaker Way, Austin, TX 78746

Property Details

Price $4,750,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 2
Living Area 6,394 sqft
Lot Size 0.65 acres (28,314 sqft)
Year Built 2015
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Davenport Ranch
County Travis
Zip Code 78746
$/sqft $743/sqft
Days on Market ,
HOA $664/Annually
Annual Tax Est. $60,682
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215275393
List Date January 2, 2026
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
4707 Peace Pipe Path
Bull Mountain Ph 02
$4,750,000 $757 6 bd / 7 ba 6,276 sqft , 2026-04-09
6205 Marshall Ranch Rd
The Overlook at Westlake
$4,655,740 $943 6 bd / 6 ba 4,937 sqft , 2026-03-25
1304 Dusky Thrush Trl
Woodhaven
$4,580,000 $872 5 bd / 6 ba 5,253 sqft , 2026-06-04
1117 Eternity Ter
The Overlook at Westlake
$4,573,207 $910 6 bd / 6 ba 5,025 sqft , 2025-10-03
2601 Buckminster Ct
West Rim
$4,950,000 $897 5 bd / 6 ba 5,521 sqft , 2026-03-06

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
$22,800/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
$950,000
20% conventional investment loan

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

Estimated Gross Rent+$22,800
Principal + Interest−$25,923
Property Tax (~2.1% TX avg)−$8,313
Insurance (~0.5%)−$1,979
Est. Monthly Cash Flow $-13,415

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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