Active Listing  ·  8 days on market

3904 Bonnell Dr

Austin, TX 78731
$2,875,000
4 Bed 3 Bath 4,210 sqft $683/sqft Built 1995 0.69 acres Pool Mount Bonnell Terrace Sec 03

Mount Bonnell Terrace | A Private Austin Estate Above the City. Few Austin addresses offer this combination of privacy, natural beauty and proximity to Downtown. Situated on .69 acres, this secluded estate is surrounded by towering trees and a wooded hillside with Mount Bonnell as its backdrop. A meticulously landscaped lawn and winding driveway lead to an exquisite residence designed with timeless architecture and refined style. Soaring ceilings, crown molding, rich wood floors and plantation shutters lend understated elegance, while generous windows keep the natural setting in view. The formal living room features a masonry fireplace, while the main living level opens to a dramatic dining and gathering space with oversized windows, a second fireplace, illuminated glass cabinetry and designer lighting. At the heart of the home, the chef’s kitchen pairs ceiling-height custom cabinetry and glass display uppers with an oversized island, second sink, professional gas range, double wall ovens and integrated appliances. The primary suite is a private sanctuary with soaring ceilings, fireplace and wooded views. Its bath features dual vanities, freestanding soaking tub and oversized two-person shower. Three additional bedrooms offer hardwood floors, tall ceilings and distinctive architectural details. Outside, the property becomes a private resort with pool and spa, covered entertaining spaces and a detached guest house. Its lower level offers a climate-controlled fitness studio or flexible space; upstairs, a one-bedroom apartment includes a living area, kitchenette, full bath and pool-view balcony - ideal for guests, multigenerational living or a secluded retreat. Just steps from the Mount Bonnell trailhead and close to Westwood Country Club, Laguna Gloria, Mayfield Park and Tarrytown, this setting offers privacy and natural beauty rarely found so close to Downtown. The photographs tell part of the story. The setting tells the rest – schedule your private tour today.

At $683/sqft, this home is priced 75% 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

3904 Bonnell Dr, Austin, TX 78731

Property Details

Price $2,875,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 4,210 sqft
Lot Size 0.69 acres (30,078.18 sqft)
Year Built 1995
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Mount Bonnell Terrace Sec 03
County Travis
Zip Code 78731
$/sqft $683/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $57,548.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248305129
List Date October 15, 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.

Schedule a Call →

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
2900 Meandering River Ct
Westview On Lake Austin Ph C
$2,799,000 $573 5 bd / 6 ba 4,888 sqft , 2026-08-22
2705 Warren St
Mont-Dale
$2,695,000 $787 4 bd / 5 ba 3,426 sqft , 2026-10-13
2909 Hillview Rd
Brown Herman Add 02 Sec 05
$2,675,000 $802 4 bd / 3 ba 3,337 sqft , 2026-09-07
2908 Popano Cv
Westview On Lake Austin Ph C Sec 02
$3,100,000 $637 4 bd / 5 ba 4,863 sqft , 2026-10-16
4703 Highland Ter
Highland Park West
$2,575,000 $738 4 bd / 4 ba 3,489 sqft , 2026-05-28

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
$13,800/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
$575,000
20% conventional investment loan

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

Estimated Gross Rent+$13,800
Principal + Interest−$15,690
Property Tax (~2.1% TX avg)−$5,031
Insurance (~0.5%)−$1,198
Est. Monthly Cash Flow $-8,119

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 October 18, 2026.

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