Active Listing  ·  35 days on market

2703 Greenlee Dr

Austin, TX 78703
$7,995,000
5 Bed 7 Bath 6,324 sqft $1,264/sqft Built 2016 0.45 acres 3-Car Garage Pool Thomas Place

Nestled on nearly half an acre in prestigious Tarrytown, this exceptional estate pairs timeless elegance with effortless modern living. French and Mediterranean contemporary architecture meets impeccable craftsmanship, with French canvas stucco, copper chimney caps, wrought-iron gates and balconies, and a clay tile roof.

A marble-floored foyer opens to the home’s captivating centerpiece—a sunlit courtyard with cascading fountain, mature olive trees, and charming bistro setting. Gracious interiors feature soaring coffered ceilings, French oak floors, arched windows, and four fireplaces. The formal dining room opens through French doors to the lawn and patio, while a richly appointed study and serene guest suite offer privacy.

The chef’s kitchen is beautifully appointed with a Wolf range, dual Sub-Zero refrigerators, two dishwashers, marble counters, oversized island, butler’s pantry, walk-in pantry, and breakfast nook, flowing seamlessly into the inviting family room.

The luxurious primary suite features a fireplace, French doors, and a spa-like marble bath with heated floors, soaking tub, glass-enclosed shower, dual vanities, outdoor shower, and two extraordinary dressing rooms, including one with an eight-foot marble island.

Upstairs, three spacious ensuite bedrooms feature Juliet balconies, built-in window seats, and walk-in closets, complemented by a bright playroom. A gated motor court leads to a three-car garage with EV charging, workshop, and finished attic ideal for a gym or studio, plus five private parking spaces.

Lush grounds surround a resort-style pool, outdoor kitchen with Lynx grill and Big Green Egg, fireplace lounge, and dining terrace. A rare combination of architectural beauty, sophisticated amenities, and resort-style outdoor living in one of Austin’s most coveted neighborhoods.

At $1,264/sqft, this home is priced 222% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2703 Greenlee Dr, Austin, TX 78703

Property Details

Price $7,995,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 2
Living Area 6,324 sqft
Lot Size 0.45 acres (19,588.93 sqft)
Year Built 2016
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Thomas Place
County Travis
Zip Code 78703
$/sqft $1,264/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $81,786.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243907769
List Date August 18, 2026
Elementary School Casis
Middle School O Henry
High School Austin
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
2308 Hartford Rd
Sunset Hill Enfield 02
$6,995,000 $1,320 5 bd / 7 ba 5,300 sqft , 2026-08-25
2905 Westlake Cv
Lago Villa
$9,350,000 $1,628 4 bd / 6 ba 5,742 sqft , 2026-08-13
2306 Bonita St
Tarrytown Oaks
$9,500,000 $1,411 6 bd / 10 ba 6,734 sqft , 2026-08-03
2604 Wooldridge Dr
Pemberton Heights Sec 08
$5,950,000 $910 6 bd / 7 ba 6,539 sqft , 2026-09-08

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
$38,376/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
$1,599,000
20% conventional investment loan

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

Estimated Gross Rent+$38,376
Principal + Interest−$43,632
Property Tax (~2.1% TX avg)−$13,991
Insurance (~0.5%)−$3,331
Est. Monthly Cash Flow $-22,578

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 · 30 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. This page was last updated on August 20, 2026.

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