Active Listing  ·  40 days on market

4701 S Forest Dr

Austin, TX 78745
$1,495,000
4 Bed 4 Bath 3,231 sqft $463/sqft Built 2021 0.18 acres 1-Car Garage Pool Park Forest Sec 02

Thoughtfully designed by Moore-Tate and built in 2022, 4701 S Forest Drive offers fresh, design-forward living in a quiet pocket of 78745. Set on a spacious lot with a fenced backyard, private pool, side porch, and inviting outdoor living areas, this 4-bedroom, 3.5-bath home brings together over 3,000 square feet of comfort, function, and easy South Austin style.

A crisp white exterior, manicured landscaping, and charming covered entry create a memorable first impression. Inside, bright, airy interiors unfold with wood floors, high ceilings, oversized windows, and a natural connection between the living, dining, kitchen, and outdoor areas. The kitchen is stylish and highly functional, with quartz counters, a gas range, breakfast bar seating, and designer finishes. Open to the main living and dining areas, it anchors the home with an easy, connected flow for everyday living and entertaining. The main-level primary suite feels private and refined, with a walk-in closet and a spa-like bath featuring a double vanity, warm brass fixtures, and statement tile. Flexible spaces throughout the home allow room for work, guests, play, or a quiet retreat. Upstairs, three additional bedrooms are joined by a light-filled landing, a vaulted lounge, and a tucked-away beverage and snack bar, a thoughtful detail that adds both charm and convenience. Out back, the fenced yard feels private, relaxed, and ready to enjoy, with a pool, covered porch, patio, lawn, and space to dine or lounge. With newer construction, thoughtful design, and a true Austin sense of ease, 4701 S Forest Drive is a rare 78745 offering with character, warmth, and everyday livability.

At $463/sqft, this home is priced 18% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4701 S Forest Dr, Austin, TX 78745

Property Details

Price $1,495,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,231 sqft
Lot Size 0.18 acres (7,792.88 sqft)
Year Built 2021
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Park Forest Sec 02
County Travis
Zip Code 78745
$/sqft $463/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $29,658.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237604122
List Date June 25, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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
1410 Woodlawn Blvd #B
14ten Condos
$1,495,000 $681 3 bd / 4 ba 2,196 sqft , 2026-03-12
208 Santaluz Ln
River Dance Ph 05
$1,495,000 $365 5 bd / 4 ba 4,093 sqft , 2026-04-23
11309 Zyle Ln
Wilkerson Estates
$1,495,000 $598 3 bd / 2 ba 2,500 sqft , 2026-05-28
3405 Cascadera Dr
Balcones Park Edgemont Sec 02
$1,495,000 $583 4 bd / 3 ba 2,566 sqft , 2026-07-17
1810 Piedmont Ave
Crestview Add Sec 03
$1,495,000 $577 3 bd / 4 ba 2,589 sqft , 2026-07-22

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
$7,176/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
$299,000
20% conventional investment loan

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

Estimated Gross Rent+$7,176
Principal + Interest−$8,159
Property Tax (~2.1% TX avg)−$2,616
Insurance (~0.5%)−$623
Est. Monthly Cash Flow $-4,222

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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