Active Listing  ·  34 days on market

393 Stone River Dr

Austin, TX 78737
$815,000
4 Bed 4 Bath 3,311 sqft $246/sqft Built 2018 0.23 acres 2.5-Car Garage Pool Highpointe Ph V Sec Three

Framed by protected Greenbelt views and the quiet beauty of the Texas Hill Country, this thoughtfully designed Ashton Woods home blends timeless architecture with more than 3,300 square feet of refined living, offering 4 Bedrooms, 3.5 Baths, a private Study, Media Room, Breakfast nook, Formal Dining, and an oversized 2.5-car garage in one of Highpointe's most coveted greenbelt settings. Timeless finishes, abundant natural light, and a seamless connection to nature create a home that feels both sophisticated and effortlessly welcoming.

A dramatic Barrel-Vaulted Foyer introduces Soaring Ceilings, Rich Dark Hardwood Floors, and architectural details that define the home's refined character. The Open-Concept design connects a Coffered Dining Room, private Study with French doors, Breakfast Nook, and inviting Living Room where a striking Fireplace, Custom Built-Ins, and Walls of Windows frame tranquil Greenbelt views. The Chef-inspired Kitchen centers around an oversized Quartz Island with premium Stainless Steel appliances, Double Ovens, a Gas Cooktop, abundant cabinetry, and a Butler's Pantry designed for effortless entertaining. The private Primary Suite embraces peaceful views and features Dual Vanities, a Soaking Tub, Walk-In Shower, and an Oversized Walk-In Closet, while Two secondary Bedrooms share a jack-and-jill Bath and an additional Guest Suite enjoys its own private bath.

Life in Highpointe includes Gated entry, Resort-style Pools, Tennis and Pickleball Courts, Fitness Center, Parks, scenic Trails, Award-Winning Dripping Springs ISD, and convenient access to Belterra Village, Wineries, Breweries, Dining, Dripping Springs, and Austin.

At $246/sqft, this home is 37% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

393 Stone River Dr, Austin, TX 78737

Property Details

Price $815,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,311 sqft
Lot Size 0.23 acres (9,827.14 sqft)
Year Built 2018
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highpointe Ph V Sec Three
County Hays
Zip Code 78737
$/sqft $246/sqft
Days on Market ,
HOA $375/Quarterly
Annual Tax Est. $17,230.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238313956
List Date July 1, 2026
Elementary School Sycamore Springs
Middle School Sycamore Springs
High School Dripping Springs
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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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 · July 1, 2026 $850,000
Current ask $815,000
Reduced $35,000 (-4.1%) 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
9209 Calvert Way
Easton Park
$816,256 $197 5 bd / 5 ba 4,139 sqft , 2026-06-30
1301 Town Creek Dr #2
South Shore Pointe
$819,000 $324 3 bd / 4 ba 2,528 sqft , 2025-10-09
469 Anfield Cir
Rough Hollow, Lakeway Highlands Ph 2 Sec 4
$819,000 $201 5 bd / 5 ba 4,071 sqft , 2026-02-10
40 N Interstate 35 Hwy N #1B3
Towers Town Lake Condo Amd
$819,700 $334 4 bd / 2 ba 2,452 sqft , 2026-04-02
5009 Mandevilla Dr
Greyrock Ridge Ph 3
$819,900 $282 4 bd / 4 ba 2,909 sqft , 2026-07-15

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
$3,912/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
$163,000
20% conventional investment loan

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

Estimated Gross Rent+$3,912
Principal + Interest−$4,448
Property Tax (~2.1% TX avg)−$1,426
Insurance (~0.5%)−$340
Est. Monthly Cash Flow $-2,302

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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