Active Listing  ·  14 days on market

3501 Mount Bonnell Rd

Austin, TX 78731
$9,925,000
5 Bed 6 Bath 5,851 sqft $1,696/sqft Built 2026 0.38 acres 2-Car Garage Pool New Construction Mount Bonnell Terrace Sec 01

Iconic Mount Bonnell new construction compound near Westwood Country Club's world-class tennis facilities and marina, plus Mayfield Park and the Laguna Gloria art museum, unlike anything else available, especially for its position east of the lake. Unobstructed Lake Austin views and a downtown skyline panorama, with complete privacy minutes from the heart of Austin. Designed by Will Washer, built by BRF Homes, and finished with interiors by Annie Downing. BRF Homes, known for luxury custom work, rarely takes on spec projects unless it finds the perfect lot; this custom home was three years in the making, reflecting a rare, unified vision executed with precision. The interior features walnut and hemlock millwork, plaster walls, and layered quartzite, marble, dolomite, and terrazzo, paired with native stone, steel, and expansive glass. The main level centers on the view, with living, dining, and kitchen framed by Lake Austin and the downtown skyline. A sculptural walnut and steel climate controlled wine display anchors the dining room alongside a statement wet bar. The chef's kitchen features walnut cabinetry, handcrafted tile, sculptural stone with a Wolf range and integrated Sub-Zero and Miele appliances; the butler's pantry matches in caliber. The primary suite offers skyline views and a serene dolomite and plaster spa-bath. The floor plan offers flexibility, with a main level guest suite/study and full bath. Over 1,100 square feet of covered outdoor living spans both levels with an outdoor kitchen, fireplace, pool, and spa overlooking the city and lake. The lower level includes three additional en-suite bedrooms, a game room with wet bar, pool bath, gym/wellness room, and a flex room perfect for an office, with walls of glass opening to the pool terrace. Walled, gated, and fenced, with Lutron Homeworks automation, integrated security, and Sonos audio. One of Mount Bonnell's most sought-after settings, rarely matched for privacy, view, and architectural execution.

At $1,696/sqft, this home is priced 333% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3501 Mount Bonnell Rd, Austin, TX 78731

Property Details

Price $9,925,000
Status Active Listing
Beds 5
Full Baths 6
Half Baths ,
Living Area 5,851 sqft
Lot Size 0.38 acres (16,605.07 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mount Bonnell Terrace Sec 01
County Travis
Zip Code 78731
$/sqft $1,696/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $60,911.6
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246060115
List Date September 8, 2026
Elementary School Casis
Middle School O Henry
High School Austin
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
2905 Westlake Cv
Lago Villa
$9,350,000 $1,628 4 bd / 6 ba 5,742 sqft , 2026-08-13
4400 Island Ave
Island At Mount Bonnell Shores
$6,500,000 $900 5 bd / 6 ba 7,219 sqft , 2026-07-01

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
$47,640/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
$1,985,000
20% conventional investment loan

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

Estimated Gross Rent+$47,640
Principal + Interest−$54,165
Property Tax (~2.1% TX avg)−$17,369
Insurance (~0.5%)−$4,135
Est. Monthly Cash Flow $-28,029

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 11, 2026.

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