Active Listing  ·  35 days on market

4905 Crestway Dr

Austin, TX 78731
$2,900,000
4 Bed 4 Bath 4,206 sqft $689/sqft Built 1963 0.41 acres 2-Car Garage Pool Highland Park West

A fully reimagined residence on one of Central Austin’s most coveted streets, nestled in the heart of highly sought-after Highland Park West—welcome to The Bridge House.

This home has undergone a full gut renovation, thoughtfully executed and fully permitted with the City of Austin. Major systems—including plumbing, roof, electrical, HVAC, insulation and selective framing—have all been replaced, delivering peace of mind and modern performance with no detail overlooked.

The main living level features an open-concept floor plan flooded with natural light, anchored by sliding doors framing stunning views of trees and Austin downtown.. At the heart of the home is a chef’s kitchen outfitted with Bertazzoni appliances, panel-ready refrigerator, and all custom solid wood cabinetry throughout—paired with a thoughtfully designed butler’s pantry for seamless entertaining and everyday function.

This level includes the primary suite, two additional guest bedrooms, and a dedicated office—each curated to maximize livability and views. The primary suite is a true retreat with a spa-inspired wet room, a spacious walk-in closet, and the added convenience of a laundry hookup in the primary closet. The lower level is designed for entertaining and flexibility, featuring an extensive media/ game room with fireplace and wet bar and a private mother-in-law suite with its own entrance—ideal for guests, multigenerational living, or added privacy.

Step outside to a resort-style backyard complete with a fully refinished and resurfaced pool and updated pool equipment, creating the perfect private retreat in the heart of Central Austin.

Perfectly positioned in Highland Park West, one of Austin’s most desirable neighborhoods, you’re within approximately 10 minutes of Downtown Austin, zoned to highly rated schools, and just moments from some of the city’s favorite restaurants, coffee shops, and everyday conveniences!

At $689/sqft, this home is priced 76% 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

4905 Crestway Dr, Austin, TX 78731

Property Details

Price $2,900,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 4,206 sqft
Lot Size 0.41 acres (17,898.8 sqft)
Year Built 1963
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park West
County Travis
Zip Code 78731
$/sqft $689/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $32,009.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242450737
List Date August 18, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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 · August 18, 2026 $3,125,000
Current ask $2,900,000
Reduced $225,000 (-7.2%) 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
4703 Highland Ter
Highland Park West
$2,649,000 $759 4 bd / 4 ba 3,489 sqft , 2026-05-28
5102 Beverly Hills Dr
Beverly Hill
$2,449,000 $533 5 bd / 6 ba 4,594 sqft , 2026-08-07
4301 Balcones Dr
Balcones Park Add Sec 02
$3,400,000 $702 4 bd / 4 ba 4,841 sqft , 2026-04-23
4801 W Frances Pl
Highland Village Sec 02 Pt 01
$2,399,990 $660 5 bd / 4 ba 3,638 sqft , 2026-09-04
3610 Hillbrook Dr
Highland Hills Sec 06 Ph 02A
$2,249,000 $632 5 bd / 4 ba 3,557 sqft , 2026-09-11

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
$13,920/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
$580,000
20% conventional investment loan

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

Estimated Gross Rent+$13,920
Principal + Interest−$15,826
Property Tax (~2.1% TX avg)−$5,075
Insurance (~0.5%)−$1,208
Est. Monthly Cash Flow $-8,189

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 20, 2026.

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