Active Listing  ·  2 days on market

4700 Banister Ln

Austin, TX 78745
$1,665,000
4 Bed 5 Bath 3,078 sqft $541/sqft Built 2026 0.21 acres 2-Car Garage Pool New Construction Greenwood Forest Sec 02

Welcome to 4700 Banister, a newly constructed contemporary residence in South Austin offering 3,078 square feet, four bedrooms, and four and a half baths. White oak engineered hardwood floors run throughout the home, complemented by clean architectural lines and a refined mix of walnut, black finishes, and natural stone. The kitchen features floor-to-ceiling flat-panel cabinetry, integrated paneled high-end appliances, Bosch cooktop and electric wall oven, quartzite countertops with a half-waterfall island, and a large chef's pantry. Expansive accordion doors open the living room to a covered outdoor living area with a tongue-and-groove wood ceiling and built-in gas grill, creating a seamless connection to the heated pool, spa, sun shelf, and expansive backyard. The first floor also offers a private office or guest suite with a full ensuite bath. A floating white oak staircase with glass railing leads upstairs to the primary suite and two additional bedrooms, each with an ensuite bath. The primary suite opens through oversized accordion doors to a private covered balcony overlooking the backyard and pool. The primary bath features a freestanding soaking tub, oversized walk-in shower with rain shower and body jets, and a custom half-waterfall vanity. The exterior combines white stucco, a low-pitched black metal roof, Lueders stone, oversized windows, and a substantial black metal entry door. A staggered paver driveway with black star gravel, warm architectural lighting, an enclosed garage, and open carport further complement the contemporary design. Located minutes from South Congress, South Lamar, Zilker Park, and Austin-Bergstrom International Airport, 4700 Banister brings thoughtful contemporary design and exceptional indoor-outdoor living to the heart of South Austin.

At $541/sqft, this home is priced 38% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4700 Banister Ln, Austin, TX 78745

Property Details

Price $1,665,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,078 sqft
Lot Size 0.21 acres (9,243.43 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Greenwood Forest Sec 02
County Travis
Zip Code 78745
$/sqft $541/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,794.91
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243949669
List Date August 22, 2026
Elementary School Joslin
Middle School Bedichek
High School Austin
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
4513 Hank Ave
Forest Oaks
$1,685,000 $546 4 bd / 4 ba 3,086 sqft , 2026-06-25
2305 Southern Oaks Dr
Fairmont Park Sec 01
$1,589,000 $607 4 bd / 4 ba 2,616 sqft , 2026-05-01
4701 S Forest Dr
Park Forest Sec 02
$1,495,000 $463 4 bd / 4 ba 3,231 sqft , 2026-06-25
5002 Emerald Forest Cir #BLDG 1
Emerald Forest Sec 03
$1,450,000 $538 4 bd / 4 ba 2,697 sqft , 2026-05-19
4409 Banister Ln #BLDG 1
Banister Acres
$1,225,000 $553 4 bd / 4 ba 2,217 sqft , 2025-11-11

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
$7,992/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
$333,000
20% conventional investment loan

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

Estimated Gross Rent+$7,992
Principal + Interest−$9,087
Property Tax (~2.1% TX avg)−$2,914
Insurance (~0.5%)−$694
Est. Monthly Cash Flow $-4,703

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 23, 2026.

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