Active Listing  ·  116 days on market

4508 Knap Hollow None

Austin, TX 78731
$1,633,000
4 Bed 4 Bath 4,265 sqft $383/sqft Built 1977 0.15 acres 2-Car Garage Pool Cat Mountain Villas

Perched atop one of Cat Mountain's highest points on a quiet cul-de-sac, this distinctive residence captures sweeping views of Lake Austin, Mount Bonnell, and the Texas Hill Country while offering a rare combination of privacy, architectural character, and convenience just minutes from downtown Austin.

Walls of windows frame the spectacular views while filling the home with natural light. Soaring ceilings, dramatic architectural lines, and a blend of mid-century modern and art deco influences create a sophisticated backdrop for art, design, and everyday living.

The main living spaces showcase custom cabinetry handcrafted from Mediterranean olive wood personally imported by the previous owners.

Designed for entertaining, the chef's kitchen features extensive cabinetry, granite countertops, a walk-in pantry, and a large island that flows seamlessly into the living and dining areas.

A private elevator provides convenient access to the upper-level primary retreat. Enjoy Lake Austin, Mount Bonnell, and Hill Country views from multiple rooms and the expansive wraparound covered terrace—an exceptional outdoor living space for morning coffee, evening wine, and sunsets. The suite also offers dual walk-in closets, a spacious bath, and a private sitting area.

The main level offers two additional bedrooms, a light-filled office/library with a private patio, and flexible living spaces. An upstairs flex room with built-ins offers endless possibilities as a studio, media room, fitness space, or guest retreat.

Residents enjoy Cat Mountain Villas amenities, including a pool, tennis courts, clubhouse, and playscape. Rarely does a Cat Mountain property offer this combination of views, character, and value.

At $383/sqft, this home is 2% 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

4508 Knap Hollow None, Austin, TX 78731

Property Details

Price $1,633,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 2
Living Area 4,265 sqft
Lot Size 0.15 acres (6,599.34 sqft)
Year Built 1977
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cat Mountain Villas
County Travis
Zip Code 78731
$/sqft $383/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $30,809
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225823506
List Date April 10, 2026
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
5009 McIntyre Cir
OUT/TRAVIS
$1,640,000 $347 5 bd / 5 ba 4,728 sqft , 2025-10-02
11805 Pleasant Panorama Vw
Lake Pointe Sec 07
$1,624,900 $444 4 bd / 5 ba 3,656 sqft , 2026-08-01
14721 Bear Creek Pass
Bear Creek Estates I
$1,650,000 $362 4 bd / 5 ba 4,564 sqft , 2025-10-22
1700 Patterson Rd
Barton Bend
$1,650,000 $579 3 bd / 3 ba 2,851 sqft , 2026-04-25
13701 Montview Dr
Montview Acres
$1,650,000 $455 4 bd / 5 ba 3,625 sqft , 2026-06-10

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
$7,838/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
$326,600
20% conventional investment loan

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

Estimated Gross Rent+$7,838
Principal + Interest−$8,912
Property Tax (~2.1% TX avg)−$2,858
Insurance (~0.5%)−$680
Est. Monthly Cash Flow $-4,612

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 →