Active Listing  ·  156 days on market

4809 SERENE HILLS Dr

Austin, TX 78738
$1,199,900
4 Bed 4 Bath 4,704 sqft $255/sqft Built 2023 0.48 acres 3-Car Garage Pool SERENE HILLS; LAKEWAY

LUXURY, Sweeping Hill Country VIEWS, and Direct Access to 342 Acres of TRAILS define this exceptional Serene Hills home. A dramatic two-story rotunda entry sets the tone for the open, airy atmosphere throughout. Rich hardwood flooring flows across the main level into the spacious family room and gourmet kitchen, appointed with high-end appliances and an oversized island designed for gathering and entertaining. A striking wall of sliding glass doors in the family room fills the space with natural light and opens seamlessly to the expansive covered porch, creating effortless indoor-outdoor living and framing panoramic Hill Country views. The owner’s retreat is a private sanctuary with a spa-inspired bath and a discreet door connecting directly to the oversized laundry room for added convenience. A main-level guest suite offers flexibility for visitors or young children, while upstairs you’ll find two additional oversized bedrooms, each with its own full bath, plus a game room and media room that can easily function as a fifth bedroom. A dedicated main-level office provides a quiet work-from-home space. The three-car garage offers abundant storage, complemented by an extra-wide driveway for additional parking and easy ingress and egress onto Serene Hills Drive. Set on an oversized, nearly half-acre lot and backing to a greenbelt, this home offers rare privacy and immediate access to scenic trails just steps from your door. The easy-to-maintain native stone and stucco exterior provides timeless Hill Country appeal with lasting durability.

At $255/sqft, this home is 35% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4809 SERENE HILLS Dr, Austin, TX 78738

Property Details

Price $1,199,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 4,704 sqft
Lot Size 0.48 acres (20,934.94 sqft)
Year Built 2023
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision SERENE HILLS; LAKEWAY
County Travis
Zip Code 78738
$/sqft $255/sqft
Days on Market ,
HOA $255/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220980339
List Date March 1, 2026
Elementary School Serene Hills
Middle School Lake Travis
High School Lake Travis
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
225 Bird Bath Bnd
Parten
$1,199,900 $352 4 bd / 4 ba 3,411 sqft , 2026-08-02
3400 Serene Hills Ct
Majestic Hills Ranchettes
$1,199,999 $366 4 bd / 4 ba 3,278 sqft , 2026-07-23
6302 River Place Blvd
River Place Sec 25
$1,200,000 $343 3 bd / 4 ba 3,502 sqft , 2026-05-29
16313 Leopold Trl
Rocky Creek Ranch Sec 3
$1,200,000 $268 5 bd / 5 ba 4,475 sqft , 2026-07-28
5400 Top Of The Trails Cv
Woods Lake Travis Sec 02
$1,199,000 $334 4 bd / 4 ba 3,589 sqft , 2026-04-16

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
$5,760/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
$239,980
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,548
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,388

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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