Active Listing  ·  68 days on market

4703 Highland Ter

Austin, TX 78731
$2,675,000
4 Bed 4 Bath 3,489 sqft $767/sqft Built 2022 0.57 acres 2-Car Garage Pool Highland Park West

Beautifully reimagined custom 1-story home on .56 acres in the heart of Highland Park West, taken down to the studs & rebuilt with a new addition in 2022. Designed by a notable California-based architecture & design firm, this home blends elevated design, warmth, functionality, multi-generational flexibility & accessible single-level living. Walkable to Highland Park Elementary, with easy access to Central Austin restaurants, shopping, parks & conveniences.

The thoughtfully designed floor plan was created for comfortable daily living & entertaining, with incredible indoor & outdoor spaces that connect effortlessly to the surrounding landscape. Nearly every window frames lush greenery & magnificent mature oak trees, creating a peaceful private setting filled with natural light. One guest bedroom features windows sourced from the UT Texas Student Union, adding character & a subtle connection to Austin history.

The gourmet kitchen features Quartz countertops, porcelain backsplash, custom white oak cabinetry, Sub-Zero refrigerator & freezer, Wolf 6-burner range with griddle, pot filler & designer finishes throughout.

The primary suite offers a Carrera marble shower, porcelain double vanities, heated herringbone tile floors & three spacious closets. One secondary bathroom also functions as a convenient pool bath.

Outdoor living spaces include a full outdoor kitchen, pergolas, Trex decking, 6-foot gas firepit, oversized hot tub, resort-style pool with fountains, imported Italian tile & landscape lighting, creating an incredible setting for entertaining & relaxing.

Additional highlights include an oversized garage with commercial-grade garage door, EV charging station & negotiable custom furnishings.

At $767/sqft, this home is priced 96% 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

4703 Highland Ter, Austin, TX 78731

Property Details

Price $2,675,000
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 $767/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.

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
1900 Matthews Dr
Laurel Heights
$2,675,000 $929 4 bd / 4 ba 2,880 sqft , 2026-06-25
13213 Meridian Park Blvd
Meridian Sec F
$2,690,000 $580 5 bd / 4 ba 4,641 sqft , 2026-04-23
2300 Barton Creek Blvd #8
GOVERNORS HILL CONDOMINIUMS
$2,695,000 $650 4 bd / 4 ba 4,147 sqft , 2026-04-10
2311 Westoak Dr
West Park Add
$2,695,000 $736 4 bd / 5 ba 3,662 sqft , 2026-05-26
2102 Oxford St
Oak Hill ADDN
$2,695,000 $854 4 bd / 4 ba 3,154 sqft , 2026-05-27

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
$12,840/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
$535,000
20% conventional investment loan

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

Estimated Gross Rent+$12,840
Principal + Interest−$14,599
Property Tax (~2.1% TX avg)−$4,681
Insurance (~0.5%)−$1,115
Est. Monthly Cash Flow $-7,555

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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