Active Listing  ·  128 days on market

457 Santaluz Ln

Austin, TX 78732
$1,395,000
5 Bed 7 Bath 5,185 sqft $269/sqft Built 2011 0.57 acres 3-Car Garage Pool Steiner Ranch, River Dance Ph 05

Greenbelt wraps three sides of this Santaluz home in Steiner Ranch, and from the covered patio the view runs out across the Balcones Canyonlands Preserve to the hills beyond.

Freshly updated and set at a great price for the gated Santaluz neighborhood, this 2011-built home sits on 0.573 acres with 5,185 square feet across two levels turned toward that view.

Hand-scraped hardwood floors lead from the foyer into a double-height living room, where a floor-to-ceiling stone fireplace anchors one wall and tall windows frame the hill country. Off the foyer, a private study lined with built-in bookshelves keeps early mornings quiet. The kitchen pairs quartzite counters and backsplash with commercial-grade appliances, a gas range, custom cabinetry, and a center island, with a sunlit breakfast nook and a wet bar with built-in wine storage steps away.

The main-level primary suite sits apart, with floor-to-ceiling bay windows and a bath where a deep soaking tub rests beneath large windows between dual vanities. A second main-level bedroom keeps guests close but separate. Upstairs, three bedroom suites, a dedicated media room, a flexible loft, and a flex room with wide windows framing long-distance views complete the plan.

Covered patios and multiple balconies open to the backyard, with an outdoor dining area under the ceiling fans and the greenbelt as the backdrop. The yard also leaves room to plan a future pool, with an AI-generated rendering in the photos showing one way it could take shape. Past the gate, Steiner Ranch adds parks, community pools, scenic trails, and lakeside amenities, with Lake Austin and the UT Golf Club a short drive away, all within Leander ISD. A morning can start on a Steiner Ranch trail, slow down over coffee in the breakfast nook, and end back on the covered patio as evening light settles over the preserve.

At $269/sqft, this home is 31% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

457 Santaluz Ln, Austin, TX 78732

Property Details

Price $1,395,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 2
Living Area 5,185 sqft
Lot Size 0.57 acres (24,955.52 sqft)
Year Built 2011
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch, River Dance Ph 05
County Travis
Zip Code 78732
$/sqft $269/sqft
Days on Market ,
HOA $579/Semi-Annually
Annual Tax Est. $26,060.96
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238430152
List Date July 7, 2026
Elementary School River Ridge
Middle School Canyon Ridge
High School Vandegrift
School District Leander ISD

Leander ISD

River Ridge · Canyon Ridge · Vandegrift

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 · July 7, 2026 $1,499,000
Previous ask $1,475,000
Current ask $1,395,000
▼ Reduced $104,000 (-6.9%) 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
309 Santaluz Ln
River Dance Ph 05
$1,350,000 $322 5 bd / 6 ba 4,187 sqft , 2026-09-11
12013 Palisades Pkwy
Steiner Ranch Ph 6-B
$1,100,000 $241 4 bd / 4 ba 4,558 sqft , 2025-11-12
10804 Rush Rd #2
Baldwins Point Resub
$1,090,000 $309 4 bd / 4 ba 3,523 sqft , 2026-08-07
312 Horseback Holw
Steiner Ranch Ph 01 Sec 09
$1,050,000 $290 4 bd / 4 ba 3,619 sqft , 2026-09-29
12321 Edenvale Path
Steiner Ranch
$999,000 $285 4 bd / 4 ba 3,500 sqft , 2026-06-18

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
$6,696/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
$279,000
20% conventional investment loan

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

Estimated Gross Rent+$6,696
Principal + Interest−$7,613
Property Tax (assumed ~2.1%)−$2,441
Insurance (assumed ~0.5%)−$581
Est. Monthly Cash Flow $-3,939

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 · 41 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. The written content was last updated on November 8, 2026.

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

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