Active Listing  ·  53 days on market

4928 Julian Alps None

Austin, TX 78738
$849,900
4 Bed 4 Bath 3,401 sqft $250/sqft Built 2011 0.32 acres 3-Car Garage Pool Falconhead West Ph 1 Sec 2 &

Discover this glamorous 1.5 story home in the desirable Falconhead West community of Bee Cave, TX. With 4 bedrooms, 4 baths, 2 living areas, and an office, this home offers walls of windows with breathtaking hill country views. An open foyer leads to a formal dining room and executive office. The gourmet kitchen features a large island, custom cabinetry, quartz countertops, stainless steel appliances with gas cooktop and built-in oven, and a walk-in pantry. It opens to the living room with a stone fireplace and expansive windows overlooking the backyard and covered patio. The secluded primary suite includes tranquil views through a bay window and a spa-like bath with double vanity, oversized tub, and glass-enclosed shower. Two additional bedrooms and two full baths complete the main level. Upstairs offers a versatile bonus room—ideal for a game room, media center, or second living area—plus a full guest suite and bath. Additional highlights include a 3-car garage and oversized third-acre lot. Residents enjoy hiking and mountain bike trails with scenic views of Lake Travis, plus a PGA-designed golf course, park, and playground. Falconhead West also has one of the lowest property tax rates in Travis County, saving up to $8,000 annually. The community is 7 minutes from Hill Country Galleria shops and dining and 10 minutes from top medical centers. Enjoy nearby Lake Travis, Hamilton Pool, Lakeway Marina, wineries, breweries, and over six state and county parks for hiking, biking, fishing, and boating. Schedule a tour today to make your home in the hill country!

At $250/sqft, this home is 36% 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

4928 Julian Alps None, Austin, TX 78738

Property Details

Price $849,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,401 sqft
Lot Size 0.32 acres (14,069.88 sqft)
Year Built 2011
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Falconhead West Ph 1 Sec 2 &
County Travis
Zip Code 78738
$/sqft $250/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $14,202
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235779966
List Date June 12, 2026
Elementary School Bee Cave
Middle School Bee Cave Middle School
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
9004 Fallkill Dr
Easton Park
$849,900 $243 4 bd / 4 ba 3,491 sqft , 2026-01-09
4916 Meller Gdns
Sunridge Condos
$849,900 $320 3 bd / 4 ba 2,656 sqft , 2026-05-18
9105 Calvert Way
Easton Park
$849,900 $267 4 bd / 4 ba 3,187 sqft , 2026-05-19
4405 Jinx Ave #1
Banister Acres Sec 02
$849,900 $365 4 bd / 3 ba 2,331 sqft , 2026-06-03
14829 Irondale Dr
Davis Spring Sec 06-B
$849,900 $270 5 bd / 4 ba 3,152 sqft , 2026-06-19

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
$4,080/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
$169,980
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,638
Property Tax (~2.1% TX avg)−$1,487
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,399

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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