Active Listing  ·  111 days on market

3511 Arrowhead Dr

Austin, TX 78731
$1,999,000
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 $392/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 $1,999,000
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.

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 · June 3, 2026 $1,999,999
Current ask $1,999,000
Reduced $999 (-0.0%) 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
6224 Edwards Mountain Cv
Edwards Mountain
$1,999,000 $423 4 bd / 4 ba 4,729 sqft , 2026-08-28
6217 Edwards Mountain Cv
EDWARDS MOUNTAIN SUBD
$1,895,000 $602 4 bd / 4 ba 3,148 sqft , 2026-09-18
6100 Gena Ct
Allandale West Sec 05
$1,892,000 $600 4 bd / 4 ba 3,153 sqft , 2026-05-14
3302 Big Bend Dr
Highland Park West
$2,233,700 $687 4 bd / 4 ba 3,251 sqft , 2026-07-21
3610 Hillbrook Dr
Highland Hills Sec 06 Ph 02A
$2,249,000 $632 5 bd / 4 ba 3,557 sqft , 2026-09-11

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
$9,595/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
$399,800
20% conventional investment loan

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

Estimated Gross Rent+$9,595
Principal + Interest−$10,909
Property Tax (~2.1% TX avg)−$3,498
Insurance (~0.5%)−$833
Est. Monthly Cash Flow $-5,645

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 August 20, 2026.

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