Active Listing  ·  269 days on market

504 Black Wolf Run

Lakeway, TX 78738
$2,199,000
5 Bed 6 Bath 5,557 sqft $396/sqft Built 2008 0.39 acres 3-Car Garage Pool Flintrock At Hurst Creek Ph 04

As you pass through the double gates of Flintrock Falls, where private serenity meets refined country club living, a sense of calm and belonging begins to take hold. The winding drive to 504 Black Wolf Run, shaded by mature oaks and set against a backdrop of golf course views and Texas skies, leads to a residence that feels more like a Mediterranean resort than a home. Built by acclaimed custom builder Zbranek & Holt, this architectural masterpiece blends timeless elegance with everyday livability across more than 5,500 square feet of thoughtfully designed space. Your days begin with coffee in the sun-drenched courtyard, warmed by the outdoor fireplace and serenaded by the gentle sound of the pool’s cascading fountain. Inside, groin-vaulted ceilings, hand-chiseled stone, and arched entries evoke the ambiance of a European estate, while expansive living areas, formal and informal dining, a chef’s kitchen, and a separate casita offer versatility for entertaining or multigenerational living. The main level features three of five total bedrooms, including the serene primary suite—a luxurious sanctuary with spa bath, soaking tub, and dual walk-in closets. Upstairs, a bonus living area with two additional bedrooms offers space to unwind, work, or host with ease. Step outside to grill in the covered pavilion, host twilight dinners on the rear terrace, or relax under stars beside the pool and fireplace. Residents enjoy exclusive access to both Flintrock and The Hills country clubs, each offering championship golf, tennis, pickleball, social events, dining, and full-service fitness. Just minutes from Lake Travis marinas, Lakeway Market, Baylor Scott & White Medical Center, and Bee Cave’s Hill Country Galleria, this home is also zoned to highly acclaimed Lake Travis ISD schools, offering access to an exceptional academic and athletic foundation. It’s more than a home—it’s a lifestyle of intention, connection, and ease in the heart of Texas Hill Country.

At $396/sqft, this home is priced 21% above the Lakeway active market average of $327/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

504 Black Wolf Run, Lakeway, TX 78738

Property Details

Price $2,199,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 5,557 sqft
Lot Size 0.39 acres (16,936.13 sqft)
Year Built 2008
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Flintrock At Hurst Creek Ph 04
County Travis
Zip Code 78738
$/sqft $396/sqft
Days on Market ,
HOA $900/Annually
Annual Tax Est. $37,474.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214921044
List Date December 28, 2025
Elementary School Lakeway
Middle School Lake Travis
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Lakeway and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Lakeway

Comparable Listings Right Now

Homes currently for sale in Lakeway 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
34 AUTUMN OAKS Dr
HILLS OF LAKEWAY PHS 2 THE
$1,995,000 $486 5 bd / 6 ba 4,105 sqft , 2026-09-12
17 Hedgebrook Way
Hills Lakeway Ph 09
$1,900,000 $409 4 bd / 5 ba 4,640 sqft , 2026-09-11
15713 Spillman Ranch Loop
Falconhead
$1,699,999 $327 6 bd / 5 ba 5,196 sqft , 2026-06-11
320 Bisset Ct
Rough Hollow Sec 1 Amdlt1-6,11
$1,695,000 $387 5 bd / 6 ba 4,383 sqft , 2026-09-17
215 Lodestone Ln
The Estates Of Flintrock
$1,573,000 $340 5 bd / 6 ba 4,632 sqft , 2026-07-07

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
$10,555/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
$439,800
20% conventional investment loan

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

Estimated Gross Rent+$10,555
Principal + Interest−$12,001
Property Tax (~2.1% TX avg)−$3,848
Insurance (~0.5%)−$916
Est. Monthly Cash Flow $-6,210

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 Lakeway, TX

Lakeway sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 30 min E
Downtown Austin 30 min E via 71
Westlake corridor 15 min E

More Luxury Homes in Lakeway

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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 July 18, 2026.

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