Active Listing  ·  14 days on market

3200 Three Rivers Dr

Austin, TX 78746
$3,399,950
5 Bed 5 Bath 4,364 sqft $779/sqft Built 1990 0.85 acres 3-Car Garage Pool Westview On Lake Austin Ph A

Privately set on .85 acres in Westview, this residence is tucked against a greenbelt backdrop that brings a quiet, secluded feel to the home. Thoughtfully designed to draw the outdoors in, the architecture embraces its surroundings, with views of the landscape and creek woven throughout. The setting offers a rare combination of privacy and proximity, just minutes from the best of Westlake and downtown.

Inside, the home unfolds with a clean, well-connected layout that allows each space to feel both open and intentional. Natural light moves easily through the main living areas, creating a rhythm that feels both comfortable and refined. The kitchen is centrally positioned, anchoring the home while remaining connected to the surrounding living spaces. A mix of main-level and upper-level living areas provides flexibility, allowing the home to adapt to both everyday living and hosting with ease.

Outdoor living is equally considered, with a pool and spa set within a tree-lined backdrop that enhances the overall sense of retreat. A screened-in porch and multiple terraces extend the living spaces outward, offering places to gather or unwind while remaining connected to the natural setting. The result is a home that balances design, setting, and livability in a way that feels both elevated and effortless.

At $779/sqft, this home is priced 98% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3200 Three Rivers Dr, Austin, TX 78746

Property Details

Price $3,399,950
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,364 sqft
Lot Size 0.85 acres (36,943.24 sqft)
Year Built 1990
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westview On Lake Austin Ph A
County Travis
Zip Code 78746
$/sqft $779/sqft
Days on Market ,
HOA $1,301/Annually
Annual Tax Est. $51,189.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246124122
List Date September 8, 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.

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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
4301 Balcones Dr
Balcones Park Add Sec 02
$3,400,000 $702 4 bd / 4 ba 4,841 sqft , 2026-04-23
2900 Meandering River Ct
Westview On Lake Austin Ph C
$2,899,000 $593 5 bd / 6 ba 4,888 sqft , 2026-08-22
2909 Hillview Rd
Brown Herman Add 02 Sec 05
$2,750,000 $824 4 bd / 3 ba 3,337 sqft , 2026-09-07
4800 Mantle Dr
Bull Mountain Ph 04 Sec 01
$2,599,000 $728 4 bd / 4 ba 3,569 sqft , 2026-04-16

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
$16,320/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
$679,990
20% conventional investment loan

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

Estimated Gross Rent+$16,320
Principal + Interest−$18,555
Property Tax (~2.1% TX avg)−$5,950
Insurance (~0.5%)−$1,417
Est. Monthly Cash Flow $-9,602

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 →