Active Listing  ·  53 days on market

4901 Timberline Dr

Austin, TX 78746
$2,299,900
3 Bed 3 Bath 2,449 sqft $939/sqft Built 1964 0.49 acres 2-Car Garage Pool Timberline Terrace Sec 01

Set on a sprawling, canopy-shaded half-acre corner lot, this stunning 3-bedroom, 2.5-bath home is a rare find in one of Austin's most coveted pockets. With effortless access to MoPac, you're just 5 minutes from Zilker Park and the crystal-clear waters of Barton Springs Pool, and under 10 minutes from the energy of downtown — the best of Austin living, right at your doorstep.

Step inside to rich wood floors flowing seamlessly through an airy, sun-filled open floor plan. The living and dining areas offer generous space to gather, while the gourmet island kitchen — with gleaming granite countertops, stainless appliances, built-in ovens, and a gas cooktop — is a chef's dream come true.

Retreat to the primary suite, where French doors open to a private office or flex room complete with a built-in desk and custom storage — an inspired space for work or quiet reflection. The spa-inspired ensuite bath indulges with dual vanities, a jetted tub, and a walk-in shower framed by seamless glass and designer tile. Two additional bedrooms share a beautifully appointed full bath with dual vanities and a shower/tub combo.

Outdoors, your private escape continues on the patio, extending into a lushly shaded backyard oasis complete with a charming stone paver patio and a half-court basketball court — the perfect setting for relaxed weekends, lively gatherings, and everything in between.

This is more than a home — it's an Austin lifestyle. Don't miss your chance to make it yours.

At $939/sqft, this home is priced 140% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4901 Timberline Dr, Austin, TX 78746

Property Details

Price $2,299,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,449 sqft
Lot Size 0.49 acres (21,340.04 sqft)
Year Built 1964
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Timberline Terrace Sec 01
County Travis
Zip Code 78746
$/sqft $939/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $30,320
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238118874
List Date July 31, 2026
Elementary School Eanes
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 · July 31, 2026 $2,500,000
Current ask $2,299,900
Reduced $200,100 (-8.0%) 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
2316 W 7th St
Timberlake Add
$2,495,000 $950 4 bd / 3 ba 2,627 sqft , 2026-09-17
412 Ridgewood Rd
Ridgewood Village Sec 02
$1,995,000 $907 4 bd / 3 ba 2,200 sqft , 2026-07-02
501 Westbrook Dr
Westwood Sec 07
$1,950,000 $773 4 bd / 5 ba 2,523 sqft , 2026-08-11
435 Brady Ln
Henry P Hill League
$1,700,000 $830 4 bd / 2 ba 2,047 sqft , 2026-07-27
1702 Crested Butte Dr
Beecave Woods Sec 04
$1,595,000 $676 4 bd / 3 ba 2,360 sqft , 2026-09-10

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
$459,980
20% conventional investment loan

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

Estimated Gross Rent+$11,040
Principal + Interest−$12,551
Property Tax (~2.1% TX avg)−$4,025
Insurance (~0.5%)−$958
Est. Monthly Cash Flow $-6,494

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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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 21, 2026.

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