Active Listing  ·  132 days on market

5313 Lipan Apache Bnd

Austin, TX 78738
$740,000
5 Bed 5 Bath 4,263 sqft $174/sqft Built 2014 0.21 acres 3-Car Garage Pool Sweetwater Sec 1 Village G-2

5313 Lipan Apache Bend in the highly sought-after Sweetwater community is where luxury, comfort, and breathtaking Hill Country beauty come together. Backing directly to a peaceful greenbelt with incredible views, this impeccably maintained 5-bedroom, 4-bath smart home offers approximately 4,263 square feet of beautifully designed living space and an exceptional indoor-outdoor lifestyle.

From the moment you enter, you are welcomed by soaring ceilings, abundant natural light, and an open-concept floor plan designed for both entertaining and everyday living. The spacious chef’s kitchen flows seamlessly into the main living and dining areas, creating the perfect setting for gatherings, holidays, and memorable evenings with family and friends.

The main-level primary suite is a true retreat featuring a luxurious spa-inspired bath, oversized walk-in closet, and serene greenbelt views. A private downstairs guest suite with a full bath offers incredible flexibility for guests, multigenerational living, or a home office.

Upstairs features three spacious secondary bedrooms, an expansive game room, dedicated media room, and a charming hidden study nook tucked inside one of the bedrooms. Multiple balconies, including an upstairs balcony overlooking the Hill Country and a downstairs covered outdoor living space, allow you to fully enjoy the beauty and tranquility of this incredible setting.

Recent updates include premium FirmFit flooring throughout much of the home, new carpet on the stairs and media room, a freshly painted office, new dishwasher, and new garbage disposal.

Residents of Sweetwater enjoy resort-style amenities including pools, clubhouses, fitness center, hiking trails, sports courts, playgrounds, and panoramic Hill Country views. This is luxury living at its finest in one of the Austin area’s most desirable communities.

At $174/sqft, this home is 56% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5313 Lipan Apache Bnd, Austin, TX 78738

Property Details

Price $740,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,263 sqft
Lot Size 0.21 acres (8,999.5 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sweetwater Sec 1 Village G-2
County Travis
Zip Code 78738
$/sqft $174/sqft
Days on Market ,
HOA $190/Quarterly
Annual Tax Est. $19,529.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229925354
List Date May 14, 2026
Elementary School Rough Hollow
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 14, 2026 $800,000
Previous ask $790,000
Current ask $740,000
Reduced $60,000 (-7.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
19113 Freeman Cir
Sweetwater Ranch Vlg N Sec 2
$730,000 $261 4 bd / 4 ba 2,796 sqft , 2026-06-16
5612 Cherokee Draw Rd
Sweetwater Sec 1 Village G-1
$785,000 $221 4 bd / 3 ba 3,551 sqft , 2026-08-01
469 Anfield Cir
Rough Hollow, Lakeway Highlands Ph 2 Sec 4
$819,000 $201 5 bd / 5 ba 4,071 sqft , 2026-02-10
18704 Waltz Ct
Sweetwater Ranch Sec 1 Village
$649,900 $211 4 bd / 3 ba 3,077 sqft , 2026-09-06
6005 Hewetson Dr
SWEETWATER
$849,000 $283 4 bd / 3 ba 3,002 sqft , 2026-09-11

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
$3,552/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
$148,000
20% conventional investment loan

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

Estimated Gross Rent+$3,552
Principal + Interest−$4,038
Property Tax (~2.1% TX avg)−$1,295
Insurance (~0.5%)−$308
Est. Monthly Cash Flow $-2,089

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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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 September 22, 2026.

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