Active Listing  ·  53 days on market

5203 Cueva Dr

Austin, TX 78738
$1,099,000
5 Bed 4 Bath 2,944 sqft $373/sqft Built 1991 2.50 acres 2-Car Garage Pool Bee Caves West

Welcome to this Bee Cave retreat! Sitting on 2.5 usable acres, this gently sloping lot has no steep drop-offs to work around, plenty of room for the next owner's vision. Walk in and you'll quickly see the real star of the show: sweeping views and stunning sunsets. This 5-bedroom, 3.5-bath, 2,944-square-foot home is spread across 3 levels and suits a variety of lifestyles, with a main-level primary suite, 3 additional bedrooms upstairs, and a spacious lower-level suite with its own living area, bedroom, full bath, and private patio! Perfect for long-term guests, multi-generational living, a work-from-home setup, or an income-producing opportunity.The home has been fully updated throughout: new hardwood flooring, tile, and paint; updated kitchen appliances and windows; new decking; new HVAC systems and ductwork; and a standing-seam metal roof. A detached 700-square-foot garage with electricity offers endless possibilities: workshop, studio, fitness space, home office, or extra storage. Amazing location, too! Less than 10 minutes to H-E-B, Hill Country Galleria, and Lake Travis ISD schools. And a 1.64% tax rate!

At $373/sqft, this home is 5% 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

5203 Cueva Dr, Austin, TX 78738

Property Details

Price $1,099,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,944 sqft
Lot Size 2.50 acres (108,856.44 sqft)
Year Built 1991
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bee Caves West
County Travis
Zip Code 78738
$/sqft $373/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $19,989.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232829953
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
2707 Salek Vw
Sunridge Condos
$1,099,000 $341 4 bd / 4 ba 3,220 sqft , 2026-01-10
7809 Old Bee Caves Rd #21
Cayena Creekside
$1,099,000 $471 4 bd / 4 ba 2,332 sqft , 2026-05-21
932 E 53rd St
Ridgetop
$1,099,000 $488 4 bd / 4 ba 2,250 sqft , 2026-06-05
12804 Wooded Lake Ct
Steiner Ranch
$1,099,000 $312 5 bd / 4 ba 3,527 sqft , 2026-06-18
2101 W 10th St
Marlton Place Sec 02
$1,099,000 $416 4 bd / 4 ba 2,643 sqft , 2026-06-30

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
$5,275/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
$219,800
20% conventional investment loan

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

Estimated Gross Rent+$5,275
Principal + Interest−$5,998
Property Tax (~2.1% TX avg)−$1,923
Insurance (~0.5%)−$458
Est. Monthly Cash Flow $-3,104

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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