Active Listing  ·  27 days on market

4212 Myrtle Beach Dr

Austin, TX 78738
$1,475,000
4 Bed 5 Bath 4,453 sqft $331/sqft Built 2005 0.36 acres 3-Car Garage Pool Spillman Ranch, Falconhead, The Heights

Introducing an exquisite 4-bedroom, 5-bathroom residence nestled in the prestigious gated community of The Heights of Falconhead, backing to the 18th hole of the PGA-designed Falconhead Golf Course. This remarkable home welcomes you with an inviting covered front patio leading to stunning cantera double doors that open into an impressive two-story living room, ideal for entertaining, complete with custom built-ins and a cozy gas fireplace. The gourmet kitchen is a chef's dream, boasting granite countertops, an oversized center island, and top-of-the-line stainless steel appliances, including a KitchenAid 48" commercial-style 8-burner gas cooktop with dual ovens. Dining options include bar-height seating, a breakfast nook, and an elegant formal dining area adorned with vaulted ceilings and a custom chandelier. The luxurious primary suite captivates with tray ceilings and a bay window seating area, offering private access to a backyard patio complete with an arbor and outdoor fireplace. The spa-like primary bath features dual vanities, a shower with dual stations, and a jetted spa tub. The main level also includes two additional bedrooms, each with its own full bath, along with a common area perfect for games or movie nights, and a fourth bedroom suited for a home office, with its own full bath. Upstairs, an expansive bonus room offers a full bath and private balcony access. Step into the backyard, which overlooks the Falconhead Golf Course, featuring a covered patio with an outdoor grill and see-through fireplace, perfect for entertaining. This exceptional property is served by the highly regarded Lake Travis Independent School District and is conveniently located within walking distance to Lake Travis High School, and just minutes from the shopping and fine dining options at the Hill Country Galleria, with easy access to downtown Austin.

At $331/sqft, this home is 16% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4212 Myrtle Beach Dr, Austin, TX 78738

Property Details

Price $1,475,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths ,
Living Area 4,453 sqft
Lot Size 0.36 acres (15,516.07 sqft)
Year Built 2005
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Spillman Ranch, Falconhead, The Heights
County Travis
Zip Code 78738
$/sqft $331/sqft
Days on Market ,
HOA $275/Quarterly
Annual Tax Est. $20,072.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244500891
List Date August 27, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
High School Lake Travis
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
3410 Pawnee Pass S
Roughin Hills
$1,549,900 $433 4 bd / 4 ba 3,576 sqft , 2026-05-07
404 Aria Dr
Ridge At Alta Vista
$1,299,999 $256 5 bd / 5 ba 5,069 sqft , 2026-05-22
4113 Sugarloaf Dr
Spillman Ranch Ph 01 Sec 02
$1,775,000 $388 5 bd / 5 ba 4,571 sqft , 2026-05-20
15200 Spillman Ranch Loop
Falconhead
$1,125,000 $249 5 bd / 6 ba 4,512 sqft , 2026-04-16
222 Vailco Ln
Ridge At Alta Vista Resub
$1,107,000 $242 5 bd / 4 ba 4,573 sqft , 2026-05-08

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
$7,080/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
$295,000
20% conventional investment loan

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

Estimated Gross Rent+$7,080
Principal + Interest−$8,050
Property Tax (~2.1% TX avg)−$2,581
Insurance (~0.5%)−$615
Est. Monthly Cash Flow $-4,166

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 →
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 19, 2026.

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