Active Listing  ·  57 days on market

4906 Enchanted Ln

Austin, TX 78745
$1,298,000
4 Bed 3 Bath 2,793 sqft $465/sqft Built 1959 0.20 acres 1-Car Garage Pool Park Forest Sec 02

This sprawling single-story home has been completely reimagined from the studs with a fully permitted renovation, offering the quality and feel of new construction. The stunning 4-bedroom, 3-bathroom floorplan features a dramatic vaulted great room filled with natural light from expansive floor-to-ceiling sliding glass doors and anchored by a beautiful gas fireplace, creating the perfect space for everyday living and entertaining. The chef's kitchen is equipped with commercial-grade appliances, a butler's pantry, dual dishwashers, wet bar, and wine cooler.

Additional upgrades include a two-zone HVAC system, integrated indoor/outdoor audio, EV charging outlet, full irrigation system, new electrical, plumbing, roof, and professional landscaping. A custom-built casita provides flexible space for guests, a home office, gym, or multigenerational living.

Designed with both luxury and functionality in mind, every detail has been thoughtfully considered to deliver modern comfort, efficiency, and style. Truly turnkey, this home combines high-end finishes, updated systems, and exceptional craftsmanship in one remarkable package.

At $465/sqft, this home is priced 19% 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

4906 Enchanted Ln, Austin, TX 78745

Property Details

Price $1,298,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,793 sqft
Lot Size 0.20 acres (8,712 sqft)
Year Built 1959
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Park Forest Sec 02
County Travis
Zip Code 78745
$/sqft $465/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,096
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT234230420
List Date June 8, 2026
Elementary School Joslin
Middle School Covington
High School Crockett
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 · June 8, 2026 $1,359,000
Previous ask $1,299,000
Current ask $1,298,000
Reduced $61,000 (-4.5%) 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
2838 Montebello Rd #D18
Treemont Park Amd
$1,298,000 $580 3 bd / 3 ba 2,238 sqft , 2026-07-15
111 Adam L Chapa Sr St
Fair Grounds Add
$1,299,000 $605 4 bd / 3 ba 2,146 sqft , 2026-03-06
1710 S 5th St #2
Bouldin Add North Ext
$1,299,000 $711 3 bd / 4 ba 1,826 sqft , 2026-04-17
15086 Barrie Dr
Cardinal Hills Unit 5 Amd
$1,299,000 $368 4 bd / 4 ba 3,528 sqft , 2026-03-27
1508 Holly None #1
Welch
$1,299,000 $517 5 bd / 3 ba 2,512 sqft , 2026-05-18

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
$6,230/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
$259,600
20% conventional investment loan

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

Estimated Gross Rent+$6,230
Principal + Interest−$7,084
Property Tax (~2.1% TX avg)−$2,272
Insurance (~0.5%)−$541
Est. Monthly Cash Flow $-3,667

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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