Active Listing  ·  117 days on market

4703 Highland Ter

Austin, TX 78731
$2,649,000
4 Bed 4 Bath 3,489 sqft $759/sqft Built 2022 0.57 acres 2-Car Garage Pool Highland Park West

A rare combination of space, privacy, design and single-story living in Highland Park West. Set on .56 acres, this beautifully reimagined custom home offers something increasingly difficult to find this close to Central Austin: an expansive, level backyard shaded by magnificent mature oaks, with exceptional privacy and multiple outdoor living spaces.

Taken down to the studs and rebuilt with an addition in 2022, the home was designed by a notable California-based architecture and design firm with an emphasis on quality, natural light and indoor-outdoor connection. A landscape architect designed the exterior to complement the interiors, with multiple doors connecting living spaces to the patios, pool and landscape.

The single-level floor plan has no interior steps and thoughtful details throughout. The kitchen features custom white oak cabinetry, Quartz countertops, Sub-Zero refrigerator and freezer and a Wolf 6-burner range with griddle. The owner's suite includes a Carrera marble shower, double vanities, heated herringbone tile floors and three closets. A guest bedroom features windows sourced from the UT Texas Student Union, adding a unique piece of Austin history.

The private backyard features a custom pool with fountains and perimeter bench seating, oversized spa/hot tub, summer kitchen, outdoor shower, pergolas, Trex decking, 6-foot gas firepit, imported Italian tile, landscape lighting and multiple areas for dining and relaxing beneath the trees. Beyond the main backyard is an additional fenced yard included with the property, providing even more usable outdoor space and privacy. A discreet firewall and pool bath are integrated into the design.

Walkable to Highland Park Elementary and minutes from Central Austin, this is a rare opportunity for exceptional space, privacy and thoughtful design. An oversized garage with commercial-grade door and EV charging station completes the property.

At $759/sqft, this home is priced 94% 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

4703 Highland Ter, Austin, TX 78731

Property Details

Price $2,649,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,489 sqft
Lot Size 0.57 acres (24,685.45 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park West
County Travis
Zip Code 78731
$/sqft $759/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $29,243
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231548374
List Date May 28, 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 28, 2026 $2,675,000
Current ask $2,649,000
Reduced $26,000 (-1.0%) 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
5102 Beverly Hills Dr
Beverly Hill
$2,449,000 $533 5 bd / 6 ba 4,594 sqft , 2026-08-07
4801 W Frances Pl
Highland Village Sec 02 Pt 01
$2,399,990 $660 5 bd / 4 ba 3,638 sqft , 2026-09-04
4905 Crestway Dr
Highland Park West
$2,900,000 $689 4 bd / 4 ba 4,206 sqft , 2026-08-18
5408 Montview St
Shoalmont Add Resub
$2,265,000 $650 4 bd / 5 ba 3,486 sqft , 2026-09-17
3302 Big Bend Dr
Highland Park West
$2,233,700 $687 4 bd / 4 ba 3,251 sqft , 2026-07-21

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
$12,715/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
$529,800
20% conventional investment loan

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

Estimated Gross Rent+$12,715
Principal + Interest−$14,457
Property Tax (~2.1% TX avg)−$4,636
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,482

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 September 22, 2026.

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