Active Listing  ·  4 days on market

4616 Lava Island Dr

Austin, TX 78747
$434,990
5 Bed 3 Bath 2,543 sqft $171/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Cascades at Onion Creek

In the city limits of Austin, one of our newest floor plans, the Caprock, offers a versatile 2-story home offering 2,543 square feet of thoughtfully designed living space. With 5 bedrooms, 3 full bathrooms, and a 2-car garage, this home is perfect for those seeking both space and comfort. Upon entering, the foyer leads to an expansive open-concept area, where the family room flows seamlessly into the dining room and kitchen. The owner's suite is downstairs with a large walk-in closet and a private owner's bathroom with a beautiful soaker tub and a separate stand up shower. Upstairs, you'll find three additional bedrooms, each with walk-in closets, and a shared full bathroom. This home is also just a short walk away from the community pool and amenities making it a prime location in the heart of the community. Come make an appointment today to see this wonderful home as it will not be on the market long with this amazing price!

At $171/sqft, this home is 56% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4616 Lava Island Dr, Austin, TX 78747

Property Details

Price $434,990
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,543 sqft
Lot Size 0.14 acres (6,229.08 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cascades at Onion Creek
County Travis
Zip Code 78747
$/sqft $171/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243954888
List Date August 20, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
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
606 Linares Ln
Enclave At Estancia Condominiu
$434,000 $210 4 bd / 3 ba 2,070 sqft , 2026-07-16
5501 Botticelli Dr
Cloverleaf
$439,990 $219 4 bd / 3 ba 2,013 sqft , 2026-06-01
602 Allende Bnd
ENCLAVE AT ESTANCIA CONDOMINIUMS
$440,000 $166 4 bd / 4 ba 2,656 sqft , 2026-07-07
5416 San Pietro Dr
Cloverleaf
$444,990 $221 4 bd / 3 ba 2,013 sqft , 2026-06-01
5212 Lomasso Dr
Cloverleaf
$423,550 $207 4 bd / 3 ba 2,051 sqft , 2026-07-16

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
$2,088/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
$86,998
20% conventional investment loan

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

Estimated Gross Rent+$2,088
Principal + Interest−$2,374
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,228

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 August 21, 2026.

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