Active Listing  ·  129 days on market

3007 Village Dr

Austin, TX 78731
$1,675,000
4 Bed 4 Bath 2,671 sqft $627/sqft Built 2026 0.23 acres 1-Car Garage Pool New Construction Highland Village Sec 02 Pt 02

There are neighborhoods that define Austin.

Then there is Highland Park West.

Thoughtfully reimagined for modern living while honoring the architectural character that makes this neighborhood so beloved, 3007 Village Drive begins with a story of preservation. Rather than erasing the past, the home's original front exterior wall was intentionally retained and artfully redesigned, preserving its historic character while introducing clean contemporary lines and sophisticated modern finishes. The result is a residence that feels both timeless and unmistakably current.

Nestled beneath a canopy of mature oaks in one of Central Austin's most coveted enclaves, this exceptional home offers a rare blend of architectural integrity, luxurious craftsmanship, and an address that simply never goes out of style.

Just minutes from Downtown, Lake Austin, Mount Bonnell, The Arboretum, and some of Austin's finest restaurants and boutiques, every destination feels effortlessly close while home remains a peaceful retreat tucked into one of the city's most established neighborhoods.

Inside, sophisticated design unfolds through expansive open living spaces filled with natural light, soaring ceilings, wide-plank flooring, and walls of glass that blur the line between indoors and out. Every finish has been thoughtfully selected to create an atmosphere that is both refined and inviting.

Priced at appraisal and pre- inspected.

At $627/sqft, this home is priced 61% 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

3007 Village Dr, Austin, TX 78731

Property Details

Price $1,675,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,671 sqft
Lot Size 0.23 acres (9,988.31 sqft)
Year Built 2026
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Village Sec 02 Pt 02
County Travis
Zip Code 78731
$/sqft $627/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,343.57
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236685168
List Date July 6, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School Austin
School District Austin ISD

Austin ISD

Highland Park · Lamar (Austin ISD) · Austin

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 6, 2026 $1,770,000
Previous ask $1,720,000
Current ask $1,675,000
▼ Reduced $95,000 (-5.4%) 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
2112 Lawnmont Ave
Shoalmont Add Resub
$1,750,000 $601 5 bd / 5 ba 2,910 sqft , 2025-12-26
4006 Montage Pass
Grove
$1,599,990 $489 3 bd / 4 ba 3,270 sqft , 2026-08-17
5700 LOUISE Ln
Allandale West Sec 01
$1,449,900 $438 4 bd / 4 ba 3,312 sqft , 2026-08-22
5110 Lucas Ln
Beverly Hills Sec 02
$1,400,000 $567 4 bd / 3 ba 2,469 sqft , 2026-10-01
5104 Beverly Hills Dr
Beverly Hill
$1,399,000 $471 4 bd / 3 ba 2,973 sqft , 2026-07-31

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
$8,040/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
$335,000
20% conventional investment loan

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

Estimated Gross Rent+$8,040
Principal + Interest−$9,141
Property Tax (assumed ~2.1%)−$2,931
Insurance (assumed ~0.5%)−$698
Est. Monthly Cash Flow $-4,730

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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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 October 15, 2026.

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

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