Active Listing  ·  26 days on market

4014 Greystone Dr

Austin, TX 78731
$1,595,000
5 Bed 4 Bath 3,484 sqft $458/sqft Built 1968 0.35 acres 2-Car Garage Pool Northwest Hills Mesa Oaks Ph

Experience unparalleled modern luxury in the highly sought-after Mesa Oaks enclave of Northwest Hills. Nestled beneath a canopy of mature trees on a sprawling 0.35-acre lot, 4014 Greystone Dr is a masterfully reimagined 5-bedroom, 4-full-bath estate. This turnkey showpiece blends sophisticated, high-end design with ultimate peace of mind, boasting a brand-new roof, advanced HVAC systems, complete perimeter drainage, and flawless cosmetic modernization.

Step inside to discover a luminous, open-concept floor plan anchored by wide-plank luxury flooring and a spectacular new architectural staircase. The main living area commands attention with newly elevated ceilings, drawing the eye to a striking custom fireplace and media wall. Entertain effortlessly in the formal dining room, complete with bespoke built-in cabinetry, or host intimately in the breakfast room, featuring a custom coffee bar with floating shelves and a beverage fridge. At the heart of the home lies a chef’s culinary dream—a completely redesigned kitchen featuring an oversized gathering island, premium countertops, custom pantry cabinetry, and a top-tier Samsung and Bosch appliance suite.

The primary suite serves as a true sanctuary, offering a meticulously tailored walk-in closet and a spa-caliber en-suite bath. Designed for modern living, a new full bath was added to the main level, while all existing bathrooms have been beautifully resurrected with designer vanities, modern fixtures, and premium shower enclosures.

Outside, your private oasis awaits. A pristine epoxy patio overlooks expansive grounds, revitalized with fresh sod, landscaping, and a new smart irrigation system. Complete with fresh paint inside and out, designer lighting, all-new doors and hardware, and a sleek new garage door, this residence offers flawless luxury. Zoned to top-tier Austin ISD schools and minutes from the city's best amenities, this is Northwest Hills living at its absolute pinnacle.

At $458/sqft, this home is priced 17% 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

4014 Greystone Dr, Austin, TX 78731

Property Details

Price $1,595,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,484 sqft
Lot Size 0.35 acres (15,306.98 sqft)
Year Built 1968
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northwest Hills Mesa Oaks Ph
County Travis
Zip Code 78731
$/sqft $458/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,000
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244647159
List Date August 27, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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 · August 27, 2026 $1,639,000
Current ask $1,595,000
Reduced $44,000 (-2.7%) 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
7802 Shadyrock Dr
Northwest Hills Mesa Oaks Ph 5-B
$1,595,000 $377 4 bd / 4 ba 4,233 sqft , 2026-05-20
5000 Valburn Ct
Northwest Hills
$1,599,000 $415 4 bd / 3 ba 3,849 sqft , 2026-09-01
7807 Chimney Cors
Green Trails Estates Resub
$1,575,000 $499 4 bd / 4 ba 3,156 sqft , 2026-09-02
7505 Stepdown Cv
Vista West 02
$1,499,500 $399 4 bd / 3 ba 3,756 sqft , 2026-09-03
7507 Hart Ln
Northwest Hills Northwest Oaks
$1,699,000 $553 5 bd / 5 ba 3,073 sqft , 2026-07-28

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
$7,656/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
$319,000
20% conventional investment loan

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

Estimated Gross Rent+$7,656
Principal + Interest−$8,705
Property Tax (~2.1% TX avg)−$2,791
Insurance (~0.5%)−$665
Est. Monthly Cash Flow $-4,505

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 September 22, 2026.

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