Active Listing  ·  27 days on market

4202 N Hills Dr

Austin, TX 78731
$1,199,000
5 Bed 5 Bath 4,408 sqft $272/sqft Built 1966 0.26 acres Pool Northwest Hills Mesa Oaks Ph

Modern Hacienda style home with pool and separate living quarters, best value in Northwest Hills! Main house features 4 bedrooms, 3.5 bathrooms, two living areas, and a gorgeous, spacious kitchen filled with natural light. Bonus room off the kitchen could be used as an office, formal dining space, gym, game area, library, much more. Casita is fully livable as a private studio style 5th bedroom with separate entrance, including kitchen with sink, range, microwave, full-sized washer and dryer, and completely updated bathroom with tub/shower combo. Brick arches, tiered flooring, and elevated dais in the primary bedroom offer character of the mid-century era the home was built in, with a Spanish touch. Approx 20 mins to downtown, 10 to the Domain, and walkable to Doss Elementary and JCC. Situated on a namesake street that isn’t buzzing with traffic, and so much potential with your eye of design, this property is a gem. Do not be the one that misses out on this opportunity! Please note, this home does not currently have a garage. Buyer to verify square footage.

At $272/sqft, this home is 30% 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

4202 N Hills Dr, Austin, TX 78731

Property Details

Price $1,199,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,408 sqft
Lot Size 0.26 acres (11,199.28 sqft)
Year Built 1966
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Northwest Hills Mesa Oaks Ph
County Travis
Zip Code 78731
$/sqft $272/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $29,373.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238962849
List Date July 8, 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.

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
4806 Richmond Ave #1
Glenwood Square
$1,199,000 $414 4 bd / 5 ba 2,896 sqft , 2025-10-22
5400 Top Of The Trails Cv
Woods Lake Travis Sec 02
$1,199,000 $334 4 bd / 4 ba 3,589 sqft , 2026-04-16
1316 Cassiopeia Way
Steiner Ranch Ph 01 Sec 7A
$1,199,000 $312 5 bd / 5 ba 3,837 sqft , 2026-04-16
10133 Oliver Dr
Heissner
$1,199,000 $418 4 bd / 3 ba 2,870 sqft , 2026-05-05
7505 Becasseau Dr
Provence
$1,199,000 $258 5 bd / 6 ba 4,640 sqft , 2026-06-29

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
$5,755/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
$239,800
20% conventional investment loan

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

Estimated Gross Rent+$5,755
Principal + Interest−$6,543
Property Tax (~2.1% TX avg)−$2,098
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,386

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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