Active Listing  ·  53 days on market

4004 Ridgelea Dr

Austin, TX 78731
$1,495,000
4 Bed 2 Bath 1,865 sqft $802/sqft Built 1949 0.18 acres 2-Car Garage Pool Ridgelea

BOM from being Off Market during summer: Located in the heart of Ridgelea, 4004 Ridgelea offers the warmth, charm, and strong sense of community that make this Central Austin neighborhood so special. Fully updated and move in ready, this 4 bedroom, 2 bathroom home combines comfortable everyday living with inviting spaces designed for both gathering and entertaining.

At the center of the home, the kitchen serves as the true heart of the house, connecting naturally to the surrounding living spaces and creating an ideal layout for both daily life and hosting friends and family. With two separate living rooms, the home offers flexibility for entertaining, relaxing, working from home, or play.

Natural light and a seamless connection to the outdoors enhance the home’s welcoming feel, while the fully turfed backyard creates a low maintenance outdoor retreat designed for entertaining and relaxation alike. Whether hosting guests, enjoying time with family, or simply unwinding outdoors, the backyard offers a private and functional extension of the living space.

Set beneath mature trees in one of Central Austin’s most beloved neighborhoods, 4004 Ridgelea provides convenient access to downtown Austin, Lake Austin, local restaurants, parks, and shopping, all while maintaining the peaceful character and enduring appeal Ridgelea is known for.

At $802/sqft, this home is priced 105% 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

4004 Ridgelea Dr, Austin, TX 78731

Property Details

Price $1,495,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,865 sqft
Lot Size 0.18 acres (8,032.46 sqft)
Year Built 1949
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ridgelea
County Travis
Zip Code 78731
$/sqft $802/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,350.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235796762
List Date June 12, 2026
Elementary School Bryker Woods
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
1410 Woodlawn Blvd #B
14ten Condos
$1,495,000 $681 3 bd / 4 ba 2,196 sqft , 2026-03-12
11309 Zyle Ln
Wilkerson Estates
$1,495,000 $598 3 bd / 2 ba 2,500 sqft , 2026-05-28
800 Embassy Dr #605
Tyndall
$1,498,000 $757 3 bd / 3 ba 1,978 sqft , 2026-02-12
13033 Highway Fm 2769 None
Blakey
$1,499,000 $750 3 bd / 3 ba 2,000 sqft , 2026-01-02
2209 S 1st. St #408
Bouldin
$1,499,000 $709 3 bd / 3 ba 2,114 sqft , 2026-03-10

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
$7,176/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
$299,000
20% conventional investment loan

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

Estimated Gross Rent+$7,176
Principal + Interest−$8,159
Property Tax (~2.1% TX avg)−$2,616
Insurance (~0.5%)−$623
Est. Monthly Cash Flow $-4,222

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 →