Active Listing  ·  69 days on market

4708 Cap Rock Dr

Austin, TX 78735
$688,000
3 Bed 2 Bath 1,646 sqft $418/sqft Built 1975 0.16 acres 2-Car Garage Pool Trailwood Village One At Travi

Welcome to 4708 Cap Rock Drive, a beautifully updated single-story gem in the highly sought-after Travis Country neighborhood! This 3-bedroom, 2-bathroom home offers approximately 1,646 sq. ft. of light-filled, open-concept living just 15 minutes to Downtown Austin and 30 minutes to the airport — the perfect balance of Hill Country charm and everyday convenience.

Inside, tasteful contemporary updates create a warm, move-in-ready feel throughout. The gourmet kitchen features stainless steel appliances, granite countertops, and ample cabinet space, flowing seamlessly into a bright, spacious living area filled with natural light, ideal for both everyday living and entertaining. The primary suite is a true retreat, complete with a generous walk-in closet and an updated en-suite bathroom. Two additional bedrooms offer flexibility for family, guests, a home office, or hobby space.

Step outside to a private, tree-shaded backyard perfect for relaxing evenings or weekend gatherings under mature trees. The attached two-car garage has been thoughtfully upgraded with durable epoxy flooring, added cabinetry, and a convenient shop sink — practical bonus space for storage, projects, or hobbies.

Travis Country living means access to community pools, parks, and scenic walking trails, plus close proximity to the Barton Creek Greenbelt for hiking, mountain biking, and swimming holes. Easy access to major roadways puts shopping, dining, and the vibrant energy of downtown Austin all within easy reach, while quiet, tree-lined streets offer a true sense of escape from the everyday hustle and bustle of city life.

Homes in this established, amenity-rich neighborhood don't last long, and this one offers a rare combination of thoughtful updates, privacy, and unbeatable location. Don't miss this opportunity to own a piece of Travis Country living

At $418/sqft, this home is priced 6% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4708 Cap Rock Dr, Austin, TX 78735

Property Details

Price $688,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,646 sqft
Lot Size 0.16 acres (7,148.2 sqft)
Year Built 1975
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trailwood Village One At Travi
County Travis
Zip Code 78735
$/sqft $418/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. $12,669.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239972894
List Date July 15, 2026
Elementary School Oak Hill
Middle School O Henry
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.

Schedule a Call →

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 · July 15, 2026 $695,000
Current ask $688,000
Reduced $7,000 (-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
4806 Canyonbend Cir
Travis Country
$599,000 $382 3 bd / 2 ba 1,568 sqft , 2026-05-21
4805 Canyonbend Cir
Travis Country
$799,000 $378 4 bd / 2 ba 2,113 sqft , 2026-07-02
2520 Sutherland St
Walsh 360
$830,000 $419 2 bd / 3 ba 1,983 sqft , 2026-06-18
4404 Travis Country Cir #D2
Woods Travis Country Condo Ame
$500,000 $352 2 bd / 3 ba 1,421 sqft , 2026-07-30
4404 Travis Country Cir #G4
Woods Travis Country Condo Ame
$485,000 $414 2 bd / 2 ba 1,172 sqft , 2026-06-23

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
$3,302/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
$137,600
20% conventional investment loan

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

Estimated Gross Rent+$3,302
Principal + Interest−$3,755
Property Tax (~2.1% TX avg)−$1,204
Insurance (~0.5%)−$287
Est. Monthly Cash Flow $-1,944

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
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 20, 2026.

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