Active Listing  ·  284 days on market

4500 River Wood Ct

Austin, TX 78731
$7,150,000
4 Bed 5 Bath 5,658 sqft $1,264/sqft Built 2021 0.61 acres 2-Car Garage Pool Waterfront Mount Bonnell Shores Sec 02

Set above a serene canal on Lake Austin, this newly constructed residence is a one-of-a-kind architectural gem situated on 0.615 acres. Designed and brought to life by a notable team, this residence is an opulent convergence of modern and traditional style. The great room is the focal point of the home with double-height ceilings and stunning windows that welcome the view of the outdoors into the home’s design. This space is open to the two-level library with walls of built-in bookshelves that flank a well-appointed fireplace. The great room’s modern windows artfully pair with the library’s traditional design. The fully updated kitchen is outfitted with high-end stainless steel appliances, immaculate finishes, ample storage, and a center island. On the home’s upper level, retreat to the privacy of the primary suite complete with a spa-inspired bathroom with a soaking tub and dual sinks. The walk-in closet is fully outfitted with custom storage. A rounded balcony off the bedroom offers the home’s highest viewpoint just above the tree line. The home also features a smartly designed guest floor with 3 bedrooms, 2 full bathrooms, and a kitchenette. All levels are conveniently connected with an elevator. Enjoy the privacy of the backyard, wrapped in mature trees and the solitude of the Lake Austin canal at the property’s edge. Bask by the pool in the sun or shade, or take the staircase that leads to the peaceful canal with a dock. Mount Bonnell is less than 2 miles away, and Westwood Country Club is under 3 miles from the property. Both Downtown and The Domain are less than 10 miles from the home. This extraordinary estate blends the canal-front lifestyle with the sophistication of city life. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $1,264/sqft, this home is priced 223% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4500 River Wood Ct, Austin, TX 78731

Property Details

Price $7,150,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 2
Living Area 5,658 sqft
Lot Size 0.61 acres (26,789.4 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mount Bonnell Shores Sec 02
County Travis
Zip Code 78731
$/sqft $1,264/sqft
Days on Market ,
HOA $120/Annually
Annual Tax Est. $87,319
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT209879587
List Date October 24, 2025
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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
8209 Two Coves Dr
Westcliff Sec 01-A
$7,300,000 $1,186 4 bd / 6 ba 6,153 sqft , 2026-02-25
1354 The High Rd
Akumal
$7,300,000 $1,507 4 bd / 4 ba 4,845 sqft , 2026-02-27
6607 W COURTYARD Dr
Shepherd Mountain Ph 02
$6,895,000 $1,193 5 bd / 6 ba 5,780 sqft , 2026-08-01
2308 Hartford Rd
Sunset Hill Enfield 02
$7,425,000 $1,401 5 bd / 7 ba 5,300 sqft , 2026-03-31
16714 Forest Way
Hudson Bend Colony 01 Resub
$6,600,000 $875 5 bd / 6 ba 7,547 sqft , 2026-05-26

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
$34,320/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
$1,430,000
20% conventional investment loan

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

Estimated Gross Rent+$34,320
Principal + Interest−$39,020
Property Tax (~2.1% TX avg)−$12,513
Insurance (~0.5%)−$2,979
Est. Monthly Cash Flow $-20,192

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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