Active Listing  ·  95 days on market

4514 Highland Ter

Austin, TX 78731
$559,000
3 Bed 1 Bath 1,536 sqft $364/sqft Built 1949 0.13 acres Pool Highland Park

Step into a space where style & comfort come together effortlessly, w/ updates already in place including a roof replaced in 2022 & foundation repair completed in 2023—so you can simply enjoy your home from day one . Inside, your hardwood floors, refreshed finishes, & sleek kitchen w/ stainless appliances create an inviting atmosphere that naturally brings people together, while multiple living areas offer the flexibility to host, unwind, or tailor spaces to your everyday rhythm. A fabulous sunroom adds even more versatility, giving you endless options for a bright lounge, home office, or creative retreat. Located in the Highland Park/Rosedale area, you’re moments from Mopac & 45th St & just a 5-minute walk to The Grove where a large park & highly rated restaurants expand your lifestyle right outside your door, plus nearby trails & Google Fiber availability keep you connected . Your outdoor deck & private fenced yard extend your living space even further—perfect for gatherings or quiet evenings—while the seamless flow, natural light, & adaptable layout make it easy to picture life unfolding here. Some photos are virtually staged and enhanced.

At $364/sqft, this home is 7% 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

4514 Highland Ter, Austin, TX 78731

Property Details

Price $559,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,536 sqft
Lot Size 0.13 acres (5,837.04 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park
County Travis
Zip Code 78731
$/sqft $364/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,301
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228216476
List Date May 1, 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.

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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 · May 1, 2026 $625,000
Previous ask $575,000
Current ask $559,000
Reduced $66,000 (-10.6%) 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
5505 Duval St #B
North Loop
$559,000 $527 2 bd / 2 ba 1,061 sqft , 2026-04-16
4917 Sunset Trl #A
Sunset Trail Condos Ph 2
$559,000 $312 3 bd / 3 ba 1,792 sqft , 2026-03-25
3211 Holton St #3211B
Villas At Holton Woods
$559,000 $383 3 bd / 3 ba 1,461 sqft , 2026-06-19
2205 Monarch Dr
Castlewood Forest Sec 05
$559,000 $315 3 bd / 2 ba 1,772 sqft , 2026-07-09
11905 Misty Brook Dr
Champions Forest
$559,000 $337 4 bd / 2 ba 1,659 sqft , 2026-07-10

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
$2,683/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
$111,800
20% conventional investment loan

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

Estimated Gross Rent+$2,683
Principal + Interest−$3,051
Property Tax (~2.1% TX avg)−$978
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,579

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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