Active Listing  ·  6 days on market

508 Serene Estates Dr

Austin, TX 78738
$2,749,000
4 Bed 6 Bath 4,887 sqft $563/sqft Built 2021 0.41 acres 3-Car Garage Pool Serene Hills Ph 3Wa & Rep

Builder's personal residence in the highly sought-after Serene Hills, showcasing exceptional craftsmanship, timeless design, and premium finishes throughout. Expansive floor-to-ceiling windows flood the home with natural light, creating bright, inviting living spaces that seamlessly blend indoor and outdoor living.

The private backyard is a true resort-style retreat, complete with a sparkling pool, spa, and exceptional privacy—perfect for entertaining guests or enjoying peaceful evenings at home. Half bath can also be found on the back patio.

Thoughtfully designed with both luxury and functionality in mind, the home features a Lutron lighting system, integrated ceiling speakers, a security system, hardwood floors and designer tile throughout, dual laundry rooms (one on each level), a workout room, and countless additional upgrades.

The chef's kitchen is outfitted with premium Thermador appliances and is complemented by an oversized walk-in pantry and a fully equipped butler's pantry featuring an additional refrigerator/freezer combination and abundant storage, making entertaining and everyday living effortless. Owner/Agent

At $563/sqft, this home is priced 44% 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

508 Serene Estates Dr, Austin, TX 78738

Property Details

Price $2,749,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 2
Living Area 4,887 sqft
Lot Size 0.41 acres (17,959.79 sqft)
Year Built 2021
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Serene Hills Ph 3Wa & Rep
County Travis
Zip Code 78738
$/sqft $563/sqft
Days on Market ,
HOA $255/Quarterly
Annual Tax Est. $42,467
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241487444
List Date July 29, 2026
Elementary School Serene Hills
Middle School Lake Travis
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
3006 Washington Sq
Allen J B
$2,750,000 $816 4 bd / 4 ba 3,371 sqft , 2026-02-26
111 Sailfish St
Lakeway Sec 01
$2,760,000 $746 3 bd / 3 ba 3,698 sqft , 2026-04-21
4504 Small Dr
Northwest Hills
$2,795,000 $739 4 bd / 4 ba 3,783 sqft , 2026-07-22
6101 Adhara Pass
River Place, Milky Way at River Place
$2,700,000 $541 5 bd / 7 ba 4,987 sqft , 2025-07-31
16908 Whispering Breeze None
Destiny Hills Sec 2
$2,699,999 $496 5 bd / 6 ba 5,440 sqft , 2025-11-27

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
$13,195/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
$549,800
20% conventional investment loan

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

Estimated Gross Rent+$13,195
Principal + Interest−$15,002
Property Tax (~2.1% TX avg)−$4,811
Insurance (~0.5%)−$1,145
Est. Monthly Cash Flow $-7,763

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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