About This Home

REDUCED! YOU WILL NOT FIND ANOTHER NEW HOME UNDER 2.3M AND UNDER 630 A FT IN CENTRAL AUSTIN THAT LOOKS LIKE THIS! Sub zero/wolf appliance package including a bar with a full size wine fridge, real quartzite at kitchen counters/backsplash/fireplace and front door, real marble master bath, wood floors throughout no carpet, on a huge corner lot, oversized two car garage, two beds downstairs, outdoor kitchen. there literally is nothing else this nice and this large under 2.3m. Hurry this will sell very quickly!

At $632/sqft, this home is priced 62% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4801 W Frances Pl, Austin, TX 78731

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Property Details

Price $2,299,990

Status Active Listing

Beds 5

Full Baths 4

Half Baths ,

Living Area 3,638 sqft

Lot Size 0.24 acres (10,402.13 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Highland Village Sec 02 Pt 01

County Travis

Zip Code 78731

$/sqft $632/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $15,087.55

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT245845769

List Date September 4, 2026

Elementary School Highland Park

Middle School Lamar (Austin ISD)

High School McCallum

School District Austin ISD

School District

Austin ISD

Highland Park · Lamar (Austin ISD) · McCallum

Have Questions About This Property?

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 · September 4, 2026 $2,399,990

Previous ask $2,349,990

Current ask $2,299,990

▼ Reduced $100,000 (-4.2%) 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

4506 Chiappero Trl
Shoal Village Sec 02 $2,250,000 $737 5 bd / 5 ba 3,052 sqft , 2026-07-01

5102 Beverly Hills Dr
Beverly Hill $2,399,000 $522 5 bd / 6 ba 4,594 sqft , 2026-08-07

4504 Chiappero Trl
Shoal Village $2,200,000 $749 4 bd / 4 ba 2,938 sqft , 2026-05-21

5408 Montview St
Shoalmont Add Resub $2,195,000 $630 4 bd / 5 ba 3,486 sqft , 2026-11-05

4509 Finley Dr
Shoal Village Sec 02 $2,099,000 $669 4 bd / 3 ba 3,137 sqft , 2026-10-06

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

$11,040/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

$459,998

20% conventional investment loan

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

Estimated Gross Rent+$11,040

Principal + Interest−$12,552

Property Tax (assumed ~2.1%)−$4,025

Insurance (assumed ~0.5%)−$958

Est. Monthly Cash Flow $-6,495

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

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 41 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. The written content was last updated on November 9, 2026.

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

4801 W Frances Pl

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

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