Active Listing  ·  62 days on market

3511 Arrowhead Dr

Austin, TX 78731
$1,999,999
4 Bed 4 Bath 3,751 sqft $533/sqft Built 2007 0.29 acres 2-Car Garage Pool Highland Park West Sec 04

A striking Highland Park West custom modern designed to impress from the curb and deliver at every turn. A bold Presidio steel front door and crisp stucco facade set an architectural tone echoed throughout — from the black Anderson windows to the standing seam metal roof, every exterior detail is deliberate. Step inside to discover soaring family room ceilings, rich hardwood floors, and a custom floating credenza that anchors the main living space. The chef's kitchen is appointed with quartz countertops, a Wolf range, and an abundance of custom cabinetry — all flowing seamlessly into the dining and family areas for effortless entertaining. Four bedrooms and 3.5 bathrooms include a thoughtfully positioned front ensuite equally at home as a private guest retreat or a discreet work-from-home office. Two distinct living areas extend to covered porches at both ends of the house — perfect for morning coffee or evening gatherings — while a lush rock patio and sparkling in-ground pool complete the outdoor experience. Zoned to Highland Park, Lamar, and McCallum.

At $533/sqft, this home is priced 36% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3511 Arrowhead Dr, Austin, TX 78731

Property Details

Price $1,999,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,751 sqft
Lot Size 0.29 acres (12,466.87 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park West Sec 04
County Travis
Zip Code 78731
$/sqft $533/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $34,746.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232410276
List Date June 3, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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
2305 Barton Creek Blvd #29
Fairways on the Fazio
$1,999,999 $531 4 bd / 4 ba 3,769 sqft , 2025-08-22
16018 Fontaine Ave
Vineyard Bay Ph 01
$1,999,999 $451 5 bd / 5 ba 4,437 sqft , 2026-04-29
3514 Bridle Path
Walsh Place
$2,000,000 $762 3 bd / 2 ba 2,624 sqft , 2026-03-04
812 W 10th St
Division E
$2,000,000 $719 4 bd / 2 ba 2,782 sqft , 2026-06-24
9106 Yucca Mountain Rd
Johnson F M
$1,999,000 $430 5 bd / 3 ba 4,645 sqft , 2026-04-09

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
$9,600/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
$400,000
20% conventional investment loan

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

Estimated Gross Rent+$9,600
Principal + Interest−$10,915
Property Tax (~2.1% TX avg)−$3,500
Insurance (~0.5%)−$833
Est. Monthly Cash Flow $-5,648

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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