Active Listing  ·  85 days on market

3418 Mount Bonnell Cir

Austin, TX 78731
$4,800,000
4 Bed 4 Bath 4,266 sqft $1,125/sqft Built 1979 0.90 acres 2-Car Garage Pool Balcones Park Sec 08

THE VISTA ON MT. BONNELL

Epic Views | Downtown, Lake Austin to Pennybacker Bridge, Mt. Bonnell, & the Hills.

Some properties are defined by their address. This one is defined by its horizon.

Perched on one of the highest points in Austin, The Vista commands a view unmatched in the city — the downtown skyline to the east, close enough to feel within reach, and the full sweep of Lake Austin to the west, from Tom Miller Dam to Pennybacker Bridge. Sunset belongs to this house. That kind of position isn't created twice — it's inherited. This is a legacy property, waiting for its next chapter.

A CANVAS

The existing residence is grand in scale and rich with character — bespoke arches, wrought iron chandeliers from Oaxaca, parquet floors, a chef's kitchen anchored by a round ink granite island. Ten-foot ceilings and floor-to-ceiling windows frame the view from nearly every room, and two wraparound terraces — over 1,500 square feet combined — let you live outdoors with downtown and the lake as your backdrop.

Noteworthy: every bedroom offers an ensuite bath, there's a dedicated office w/ views, a double walk-in cedar closet w/ safe, walk-in pantry and heated bathroom flooring in the primary bringing comfort.

But the real value here isn't what's built. It's what comes next. Reimagine the layout, modernize the finishes, and make this legacy home your own — or start from the ground up and design a residence built to capture this view from every angle. Inspiration renderings envision one path, reimagined to match the setting.

THE SETTING

Just under an acre of gated, private grounds on a cul-de-sac, shaded by majestic oaks and mountain laurels — secluded, yet minutes from downtown. This kind of privacy so close to the city center is rare, and land like this doesn't come along twice.

Simply put: The Vista on Mt. Bonnell is a rare offering with a view money can't manufacture — and a home ready to be reimagined, renovated, or rebuilt to match it.

At $1,125/sqft, this home is priced 188% 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

3418 Mount Bonnell Cir, Austin, TX 78731

Property Details

Price $4,800,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 4,266 sqft
Lot Size 0.90 acres (39,204 sqft)
Year Built 1979
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Balcones Park Sec 08
County Travis
Zip Code 78731
$/sqft $1,125/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $23,889.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243945867
List Date August 19, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
School District Austin ISD

Austin ISD

Highland Park · Lamar (Austin ISD) · McCallum

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 · August 19, 2026 $5,800,000
Current ask $4,800,000
▼ Reduced $1,000,000 (-17.2%) 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
4514 Spanish Oak Trl
Balcones Park 01
$4,725,000 $946 5 bd / 4 ba 4,993 sqft , 2026-10-29
2601 Buckminster Ct
West Rim
$4,950,000 $897 5 bd / 6 ba 5,521 sqft , 2026-03-06
5307 Tortuga Trl
Mount Bonnell Shores
$4,607,500 $1,194 4 bd / 6 ba 3,858 sqft , 2026-07-15
4201 GREEN CLIFFS Rd
Green Park
$4,995,000 $1,055 4 bd / 4 ba 4,733 sqft , 2026-10-01
3604 Westlake Dr
Westview On Lake Austin Ph A A
$4,999,000 $880 5 bd / 5 ba 5,679 sqft , 2026-09-01

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
$23,040/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
$960,000
20% conventional investment loan

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

Estimated Gross Rent+$23,040
Principal + Interest−$26,196
Property Tax (assumed ~2.1%)−$8,400
Insurance (assumed ~0.5%)−$2,000
Est. Monthly Cash Flow $-13,556

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 November 11, 2026.

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

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