Active Listing  ·  117 days on market

4707 Peace Pipe Path

Austin, TX 78746
$4,750,000
6 Bed 7 Bath 6,276 sqft $757/sqft Built 1982 1.16 acres 2-Car Garage Pool Bull Mountain Ph 02

A distinctive architectural compound offering multiple structures, privacy, and design pedigree in Westlake Highlands. Originally built in the 1980s and re-imagined in the early 2000s by AIA-awarded architect Mell Lawrence. Featured in Metropolitan Home, HGTV, and highlighted in the Austin American-Statesman, the property blends industrial modernism with Texas Hill Country materials—limestone, steel, glass, and heavy timber—echoing the craftsmanship of historic CCC structures. Set on over an acre with a meadow and seasonal creek, the property lives like a private retreat. The main house offers 4 bedrooms and 4 full baths, including a generous primary wing with private deck, outdoor shower, cedar-lined closet, dual vanities, bidet, and spa-style bath. The open living/dining/kitchen area features concrete countertops, a limestone fireplace with gas insert, oak floors, and a full wall of glass overlooking the pool and outdoor entertaining spaces. A fully conditioned enclosed porch spans the back facade for year-round use. Upstairs are two twin bunk-style rooms with shared bath, plus a large secondary suite with ensuite bath, walk-in closet, and built-in desk, connected by a central loft/den. Main-level amenities include a full bath off the kitchen, laundry room, and butler’s pantry. Beyond the main residence are three additional structures: a two-story music studio/apartment with full bath and kitchenette hookups; an office with built-ins, sound treatment, storage room, and full bath; and a minimalist guest casita with bedroom and bath. Outdoor living includes a pool with water feature, standalone hot tub, Ipe decking, and a covered steel outdoor kitchen/dining pavilion. The two-car garage with roll-up glass doors and “Big Ass Fan” doubles as a party/workout/workshop space, with generous ceiling height for a car lift. Gated entry and cedar-post fencing complete the setting for complete privacy. Total of 6 beds & 7 baths; Eanes ISD Schools & near shopping and dining.

At $757/sqft, this home is priced 94% 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

4707 Peace Pipe Path, Austin, TX 78746

Property Details

Price $4,750,000
Status Active Listing
Beds 6
Full Baths 7
Half Baths ,
Living Area 6,276 sqft
Lot Size 1.16 acres (50,351 sqft)
Year Built 1982
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bull Mountain Ph 02
County Travis
Zip Code 78746
$/sqft $757/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $26,388.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224631010
List Date April 9, 2026
Elementary School Bridge Point
Middle School Hill Country
High School Westlake
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 · April 9, 2026 $4,950,000
Previous ask $4,900,000
Current ask $4,750,000
Reduced $200,000 (-4.0%) 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
2551 Waymaker Way
Davenport Ranch
$4,750,000 $743 5 bd / 6 ba 6,394 sqft , 2026-01-02
6205 Marshall Ranch Rd
The Overlook at Westlake
$4,655,740 $943 6 bd / 6 ba 4,937 sqft , 2026-03-25
1304 Dusky Thrush Trl
Woodhaven
$4,580,000 $872 5 bd / 6 ba 5,253 sqft , 2026-06-04
1117 Eternity Ter
The Overlook at Westlake
$4,573,207 $910 6 bd / 6 ba 5,025 sqft , 2025-10-03
2601 Buckminster Ct
West Rim
$4,950,000 $897 5 bd / 6 ba 5,521 sqft , 2026-03-06

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
$22,800/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
$950,000
20% conventional investment loan

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

Estimated Gross Rent+$22,800
Principal + Interest−$25,923
Property Tax (~2.1% TX avg)−$8,313
Insurance (~0.5%)−$1,979
Est. Monthly Cash Flow $-13,415

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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