Active Listing  ·  66 days on market

501 Drawbridge Rd

Austin, TX 78746
$3,900,000
5 Bed 2 Bath 2,466 sqft $1,582/sqft Built 1967 5.67 acres 2-Car Garage Pool Camelot

Discover a truly exceptional opportunity to embrace expansive living and build your dream home on a remarkable 5.67-acres in Austin, Texas. This property offers a unique blend of privacy and convenience, providing a serene retreat from the bustling city while maintaining easy access to urban amenities. The generous acreage presents endless possibilities, from creating a personal oasis to exploring potential developmental ventures. Renovate the 1960s single story rock residence, built like a fort, or create something new. The home encompasses 2466 square feet of thoughtfully designed living space and is perfectly situated at the top of the lot. Nestled in a desirable Austin location, this property provides a canvas for crafting your ideal living environment. The vast outdoor space invites exploration and enjoyment, promising a harmonious balance with nature. Experience the tranquility and potential that this magnificent acreage provides, a rare find that combines spaciousness with a prime address.

At $1,582/sqft, this home is priced 305% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

501 Drawbridge Rd, Austin, TX 78746

Property Details

Price $3,900,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 2,466 sqft
Lot Size 5.67 acres (246,985.2 sqft)
Year Built 1967
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Camelot
County Travis
Zip Code 78746
$/sqft $1,582/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $23,101.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230831678
List Date May 30, 2026
Elementary School Forest Trail
Middle School West Ridge
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.

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
2108 Matthews Dr
Laurel Heights
$3,899,000 $1,285 4 bd / 4 ba 3,034 sqft , 2026-08-02
3214 Smoky Rdg
Oak Shores On Lake Austin Sec
$3,950,000 $1,646 4 bd / 2 ba 2,400 sqft , 2025-09-26
1810 Rockcliff Rd
Windy Cove
$3,995,000 $1,806 4 bd / 3 ba 2,212 sqft , 2026-05-18
2905 Stratford Dr
Bluffington Sec 02
$3,700,000 $1,511 4 bd / 2 ba 2,448 sqft , 2026-06-08
610 Davis St #3801
The Modern Austin Residences
$3,622,700 $1,126 5 bd / 5 ba 3,216 sqft , 2025-08-25

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
$18,720/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
$780,000
20% conventional investment loan

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

Estimated Gross Rent+$18,720
Principal + Interest−$21,284
Property Tax (~2.1% TX avg)−$6,825
Insurance (~0.5%)−$1,625
Est. Monthly Cash Flow $-11,014

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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