Active Listing  ·  12 days on market

309 Santaluz Ln

Austin, TX 78732
$1,350,000
5 Bed 6 Bath 4,187 sqft $322/sqft Built 2010 0.31 acres 3-Car Garage Pool River Dance Ph 05

Some homes give the view to one room. Here, it follows you. Set high on an oversized greenbelt lot in Steiner Ranch’s gated Santaluz community, this 5-bedroom home looks across the treetops to a broad sweep of Hill Country. Large windows keep that views in sight throughout the open kitchen, living and dining areas, making the landscape part of nearly every space on the main level. The kitchen centers around an oversized island with plenty of room for prep, and gathering, complemented by granite counters, gas cooking and extensive cabinetry. A butler’s pantry and wine refrigerator handle the extras between the kitchen and formal dining room, while the breakfast nook is wrapped in windows and positioned for one of the home’s best views. A private office provides a quiet place to work. Wood floors, arched openings, built-ins and stone fireplaces carry a consistent level of craftsmanship from one room to the next. The main-level primary suite takes full advantage of the elevated setting with a wall of windows and a private ensuite. A 2nd bedroom on this floor has its own ensuite and separate entrance, giving guests more independence. Upstairs, the game room includes a wet bar and opens directly to a covered balcony overlooking the greenbelt. A separate media room, three additional bedrooms, two with private ensuites, and another full bath give the second floor plenty of flexibility. Outside, a covered patio with a stone fireplace and built-in grill steps onto an expansive deck with room for dining, lounging and taking in the view. Mature trees line the yard, and there’s no rear neighbors to interrupt the greenbelt backdrop. Zoned to Vandegrift High School, the address also includes access to the private Steiner Ranch Lake Club on Lake Austin and more than 20 miles of community trails, with the UT Golf Club nearby. The home has the scale, flexibility and workmanship expected in Santaluz, but its elevated position above the greenbelt is what stays with you.

At $322/sqft, this home is 18% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

309 Santaluz Ln, Austin, TX 78732

Property Details

Price $1,350,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,187 sqft
Lot Size 0.31 acres (13,499.24 sqft)
Year Built 2010
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision River Dance Ph 05
County Travis
Zip Code 78732
$/sqft $322/sqft
Days on Market ,
HOA $850/Semi-Annually
Annual Tax Est. $24,973.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246377356
List Date September 11, 2026
Elementary School River Ridge
Middle School Canyon Ridge
High School Vandegrift
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.

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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
1418 Morning Moon Cir
Steiner Ranch
$1,450,000 $285 4 bd / 5 ba 5,095 sqft , 2026-08-05
457 Santaluz Ln
Steiner Ranch, River Dance Ph 05
$1,475,000 $284 5 bd / 7 ba 5,185 sqft , 2026-07-07
1301 Minnie Dr
Lakeland Park
$1,499,999 $499 5 bd / 5 ba 3,007 sqft , 2026-07-24
505 Horseback Holw
Steiner Ranch Ph 01 Sec 09
$1,195,000 $295 4 bd / 4 ba 4,053 sqft , 2026-07-31
10804 Rush Rd #2
Baldwins Point Resub (Steiner Ranch)
$1,135,000 $322 4 bd / 4 ba 3,523 sqft , 2026-08-07

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
$6,480/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
$270,000
20% conventional investment loan

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

Estimated Gross Rent+$6,480
Principal + Interest−$7,368
Property Tax (~2.1% TX avg)−$2,363
Insurance (~0.5%)−$563
Est. Monthly Cash Flow $-3,814

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 · 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 September 20, 2026.

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