Active Listing  ·  291 days on market

4308 Canoas Dr

Austin, TX 78730
$976,000
3 Bed 3 Bath 3,224 sqft $303/sqft Built 2000 0.24 acres 2-Car Garage Pool River Place Sec 22

Stunning move-in ready home in the gated golf course enclave of The Greens at River Place in prime location within 30 minutes of downtown Austin.Tucked away on a quiet cul-de-sac this residence showcases Hill Country views, a villa-style pool, and premium finishes.

Highlights include: 1st-floor primary suite; fully renovated full bathrooms featuring quartz countertops and heated floors; renovated half bath; renovated Gourmet kitchen w/stainless steel appliances; wide-plank oak flooring; spacious bonus room with built in cabinetry and work area; and a back patio with built-in KitchenAid stainless gas grill overlooking the pool, koi pond, and backyard.

Residents of The Greens/River Place enjoy close proximity to Emma Long and Sun Tree Parks, hiking trails, scenic overlooks, and River Place Country Club. HOA provides a private gated entrance, front yard mowing, and landscape maintenance. Zoned to the highly regarded Leander ISD: River Place Elementary and Vandegrift High School

At $303/sqft, this home is 23% 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

4308 Canoas Dr, Austin, TX 78730

Property Details

Price $976,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 3,224 sqft
Lot Size 0.24 acres (10,558.94 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision River Place Sec 22
County Travis
Zip Code 78730
$/sqft $303/sqft
Days on Market ,
HOA $165/Monthly
Annual Tax Est. $22,888
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT209480055
List Date October 17, 2025
Elementary School River Place
Middle School Four Points
High School Vandegrift
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 →

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 · October 17, 2025 $1,150,000
Previous ask $999,000
Current ask $976,000
Reduced $174,000 (-15.1%) 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
905 CRESTONE STREAM Dr
Serene Hills Sub Ph 2E; LAKEWAY
$975,000 $271 4 bd / 5 ba 3,603 sqft , 2026-03-01
3012 S 4th St #B
GROVE CONDO AMD
$975,000 $359 4 bd / 3 ba 2,713 sqft , 2026-05-07
8703 Bluegrass Dr
Great Hills 14-A
$975,000 $302 4 bd / 4 ba 3,225 sqft , 2026-07-02
3224 Summer Canyon Dr
Steiner Ranch Ph 02 Sec 05
$975,000 $278 4 bd / 3 ba 3,512 sqft , 2026-07-18
6405 Nusser Ln
Hielscher Sec 04
$975,000 $371 4 bd / 3 ba 2,631 sqft , 2026-07-24

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
$4,685/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
$195,200
20% conventional investment loan

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

Estimated Gross Rent+$4,685
Principal + Interest−$5,326
Property Tax (~2.1% TX avg)−$1,708
Insurance (~0.5%)−$407
Est. Monthly Cash Flow $-2,756

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 →