Active Listing  ·  101 days on market

3911 Dry Creek Dr

Austin, TX 78731
$1,285,000
3 Bed 3 Bath 2,124 sqft $605/sqft Built 1985 0.25 acres 2-Car Garage Pool Shinoak Valley Sec 01

Located in the heart of Northwest Hills—just minutes from downtown Austin—this freshly renovated residence offers designer style, flexible indoor-outdoor living, and a prime location in one of the city’s most coveted neighborhoods. Set on a spacious quarter-acre lot, the home has undergone a full transformation. Nearly everything on the first floor has been updated, including brand-new plumbing inside the walls, custom cabinetry, quartz countertops, and beautiful hardwood flooring. Natural light pours through newly installed windows and thoughtfully placed skylights, enhancing the home's open layout and clean, contemporary aesthetic. The heart of the home is the chef’s kitchen—fully equipped with a Wolf | Sub-Zero built-in refrigerator, sleek quartz counters, ample cabinetry, and both an oversized island and peninsula with bar seating. Just off the kitchen, a formal dining space with a designer chandelier sets the stage for elegant meals and special occasions. The living room has been reimagined with thoughtful upgrades and fresh finishes, making it both comfortable and stylish. The spacious primary suite offers a true sanctuary with direct access to the private backyard and oversized Swim Spa hot tub. The en-suite bath features a frameless glass walk-in shower, double vanity, and custom storage. Two additional bedrooms and a fully updated second bath round out the home’s thoughtful layout. Outside, a new irrigation system, fresh sod, and added trees create a serene and private backyard oasis with plenty of room to add a pool. The covered back patio flows effortlessly from the kitchen and dining areas—perfect for alfresco entertaining or quiet evenings under the stars. With quick access to Mopac and 2222 and just moments from top-rated schools, local parks, and Austin’s best dining, this is a rare opportunity to own a move-in-ready, turnkey home in Northwest Hills.

At $605/sqft, this home is priced 55% 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

3911 Dry Creek Dr, Austin, TX 78731

Property Details

Price $1,285,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,124 sqft
Lot Size 0.25 acres (11,007.61 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shinoak Valley Sec 01
County Travis
Zip Code 78731
$/sqft $605/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $20,017.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241864366
List Date August 3, 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.

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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 3, 2026 $1,375,000
Current ask $1,285,000
▼ Reduced $90,000 (-6.5%) 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
3902 Knollwood Dr #A
Knollwood
$1,225,000 $454 4 bd / 2 ba 2,696 sqft , 2026-08-16
7101 Sungate Dr
Highland Hills Northwest Sec 3
$1,199,000 $514 4 bd / 3 ba 2,334 sqft , 2026-09-04
5718 Highland Hills Dr
Highland Hills Sec 01
$1,175,000 $495 4 bd / 3 ba 2,376 sqft , 2026-09-30
5110 Lucas Ln
Beverly Hills Sec 02
$1,400,000 $567 4 bd / 3 ba 2,469 sqft , 2026-10-01
4801 Fern Holw
Cat Mountain Villas Sec 02
$1,049,000 $414 3 bd / 4 ba 2,536 sqft , 2026-10-21

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
$6,168/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
$257,000
20% conventional investment loan

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

Estimated Gross Rent+$6,168
Principal + Interest−$7,013
Property Tax (assumed ~2.1%)−$2,249
Insurance (assumed ~0.5%)−$535
Est. Monthly Cash Flow $-3,629

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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