Active Listing  ·  12 days on market

3400 Serene Hills Ct

Austin, TX 78738
$1,199,999
4 Bed 4 Bath 3,278 sqft $366/sqft Built 2002 2.47 acres 2-Car Garage Pool Majestic Hills Ranchettes

** NEW full HVAC systems (upstairs & downstairs) installed in July 2026!** Tucked behind it’s own private gated entrance, this beautifully remodeled Hill Country home in Majestic Hills sits on a rare 2.47 acre homesite in the heart of Lakeway. Surrounded by mature oaks and native landscape as well as a peek-a-boo lake view, the property offers incredible privacy while remaining just minutes from everything Lakeway has to offer. Walls of windows frame panoramic Hill Country views throughout the home, while soaring ceilings and an open floor plan create bright, inviting living spaces. The remodeled kitchen features quartz countertops, an oversized island, abundant cabinetry, and designer finishes that blend beautifully with the home's style. The large primary suite enjoys gorgeous hill country views and a recently remodeled master bath including a soaking tub, walk-in shower, and dual vanities. A standout flex room wrapped in windows overlooks the pool and surrounding trees, making it the perfect home office, sunroom, reading room, creative studio, or second sitting area. Upstairs, every secondary bedroom is generously sized, giving everyone their own space, while the expansive second living area captures some of the best views of hill country and the lake in the home. Whether it's movie nights, a game room, homework headquarters, or a place to unwind, it's a space that easily adapts to your lifestyle. Step outside to your own private oasis with a resort-style pool, expansive covered patio, and nearly 2.5 acres of incredible privacy. Whether you're entertaining, watching sunsets, or simply enjoying the peaceful setting, this backyard is what Hill Country living is all about. Located in acclaimed Lake Travis ISD, just minutes from HEB, Hill Country Galleria, Lake Travis, golf courses, wineries, restaurants, and countless parks and trails, this home offers the space, views, and location that make Majestic Hills one of Lakeway's most desirable acreage communities.

At $366/sqft, this home is 6% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3400 Serene Hills Ct, Austin, TX 78738

Property Details

Price $1,199,999
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,278 sqft
Lot Size 2.47 acres (107,593.2 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Majestic Hills Ranchettes
County Travis
Zip Code 78738
$/sqft $366/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239860077
List Date July 23, 2026
Elementary School Serene Hills
Middle School Lake Travis
High School Lake Travis
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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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 23, 2026 $1,290,000
Current ask $1,199,999
Reduced $90,001 (-7.0%) 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
4324 Far West Blvd
Meadow Mountain 03
$1,200,000 $398 4 bd / 3 ba 3,013 sqft , 2024-12-06
3907 Cresthill Dr
Northmoor Park
$1,200,000 $497 3 bd / 3 ba 2,416 sqft , 2026-03-25
3107 Frijolita St
Oak Shores On Lake Austin Sec
$1,200,000 $400 3 bd / 3 ba 2,998 sqft , 2026-04-18
7414 W Guadalupe Street None #1
Northway Crest Sec 02
$1,200,000 $544 4 bd / 4 ba 2,206 sqft , 2026-05-22
7414 W Guadalupe Street None #2
Northway Crest Sec 02
$1,200,000 $544 4 bd / 4 ba 2,206 sqft , 2026-05-22

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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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