Active Listing  ·  13 days on market

4320 Amarra Dr

Austin, TX 78735
$3,699,950
3 Bed 4 Bath 3,383 sqft $1,094/sqft Built 2024 0.43 acres 2-Car Garage Pool Amarra Cottages Condos

Defined by exceptional craftsmanship and impeccable attention to detail, this sophisticated Amarra residence by Heyl Homes offers an effortless lock and leave lifestyle without sacrificing luxury, scale, or design. Every space has been intentionally curated, blending timeless elegance with contemporary comfort and creating an atmosphere that feels both refined and welcoming. From the moment you enter, walls of glass invite natural light throughout the home, establishing a seamless connection between the interiors and the surrounding landscape. The main living spaces were designed with both entertaining and everyday living in mind. A gourmet kitchen appointed with Wolf and Sub Zero appliances anchors the home, while the dining room serves as a striking focal point overlooking the pool and outdoor living spaces beyond. Privately positioned, the primary suite offers a serene retreat complete with a spa inspired bath, soaking tub, and peaceful views of the water. Upstairs, a secondary suite opens to its own balcony, creating an ideal setting for guests, a private office, or an additional retreat. Generous storage throughout the home further enhances its functionality without compromising its clean and elevated aesthetic. Outside, the pool and integrated spa create a resort inspired setting, complemented by a covered patio and direct access to a walking trail beyond the property. Situated within the gates of Amarra, residents enjoy one of Austin's most coveted communities, with close proximity to Barton Creek Country Club, four championship golf courses, tennis courts, a state of the art fitness center, hiking trails, and some of Austin's best dining and shopping destinations. Surrounded by the beauty of the Texas Hill Country while remaining just minutes from downtown Austin, this residence offers an exceptional balance of luxury, convenience, and everyday ease.

At $1,094/sqft, this home is priced 178% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4320 Amarra Dr, Austin, TX 78735

Property Details

Price $3,699,950
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,383 sqft
Lot Size 0.43 acres (18,730.8 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Amarra Cottages Condos
County Travis
Zip Code 78735
$/sqft $1,094/sqft
Days on Market ,
HOA $800/Monthly
Annual Tax Est. $64,640.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246337506
List Date September 10, 2026
Elementary School Hill
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.

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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
8320 Carranzo Dr
Amarra
$3,625,000 $963 3 bd / 4 ba 3,764 sqft , 2026-09-03
4401 Amarra Dr #17
Amarra
$3,795,000 $918 4 bd / 5 ba 4,136 sqft , 2026-06-05
8317 CARRANZO Dr
Amarra Drive
$3,995,000 $963 4 bd / 5 ba 4,150 sqft , 2026-07-20
8312 Carranzo Dr
Amarra Drive Ph 03
$3,250,000 $812 3 bd / 4 ba 4,003 sqft , 2026-05-29
4300 Amarra Dr #6
Amarra Cottages Condos
$4,250,000 $1,055 4 bd / 5 ba 4,027 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
$17,760/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
$739,990
20% conventional investment loan

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

Estimated Gross Rent+$17,760
Principal + Interest−$20,192
Property Tax (~2.1% TX avg)−$6,475
Insurance (~0.5%)−$1,542
Est. Monthly Cash Flow $-10,449

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 13, 2026.

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