Active Listing  ·  46 days on market

5403 Ridge Oak Dr

Austin, TX 78731
$3,495,000
6 Bed 4 Bath 4,224 sqft $827/sqft Built 2026 0.33 acres 2-Car Garage Pool New Construction Highland Park West Sec 02

Set beneath a canopy of mature trees in Austin's coveted Highland Park neighborhood, The Enchanted offers the character of an established Central Austin setting with the quality and efficiency of virtually new construction.

Completely rebuilt from the ground up, this residence sits on one-third of an acre and features 6 bedrooms, including 2 primary suites, 4 bathrooms, a dedicated office, downtown Austin views, and multiple living areas.

White oak floors, soaring ceilings, and expansive Pella windows fill the home with natural light while framing views of the surrounding trees and city skyline. The kitchen features imported European cabinetry, waterfall porcelain countertops, Wolf appliances, Sub-Zero refrigeration, double ovens, and a hidden pantry.

A rare dual-primary layout provides exceptional flexibility for modern living. The main suite captures downtown views with a spa-inspired bath featuring a full wet room, natural stone finishes, and an illuminated walk-in closet. The second suite feels immersed in the surrounding trees. Four additional bedrooms and a dedicated office provide flexibility for families, guests, and remote work.

The lower level features a second living area, hidden speakeasy, and bar.

Over $160,000 was invested in the landscape design, creating a private retreat with mature trees, a fire pit, turf dog run, and room for a future pool.

Nearly every component of the home was rebuilt, including plumbing, electrical, HVAC systems, roofing, windows, landscaping, and finishes. Additional features include four HVAC systems, tankless water heaters, a 600-amp electrical service, EV charger, and a two-car garage.

Located minutes from downtown Austin, The Domain, premier dining, shopping, parks, and schools, this presents a rare opportunity to own a turnkey luxury residence in one of Central Austin's most desirable neighborhoods.

At $827/sqft, this home is priced 112% 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

5403 Ridge Oak Dr, Austin, TX 78731

Property Details

Price $3,495,000
Status Active Listing
Beds 6
Full Baths 4
Half Baths ,
Living Area 4,224 sqft
Lot Size 0.33 acres (14,374.8 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Park West Sec 02
County Travis
Zip Code 78731
$/sqft $827/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $29,967
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236134845
List Date June 19, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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 · June 19, 2026 $3,735,000
Previous ask $3,685,000
Current ask $3,495,000
Reduced $240,000 (-6.4%) 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
244 Zonetail Cv
Hawk Ridge Ph 1
$3,495,000 $756 5 bd / 5 ba 4,626 sqft , 2026-05-14
504 W 7th St
Block 079 Original City
$3,500,000 $688 6 bd / 4 ba 5,089 sqft , 2025-04-21
110 Bella Montagna Cir
Bella Montagna
$3,500,000 $658 5 bd / 7 ba 5,318 sqft , 2026-03-13
1101 Eternity Ter
The Overlook at Westlake
$3,537,578 $781 5 bd / 5 ba 4,530 sqft , 2026-05-04
1500 The High Rd
Westlake Highlands
$3,450,000 $948 5 bd / 5 ba 3,638 sqft , 2026-07-08

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
$16,776/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
$699,000
20% conventional investment loan

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

Estimated Gross Rent+$16,776
Principal + Interest−$19,074
Property Tax (~2.1% TX avg)−$6,116
Insurance (~0.5%)−$1,456
Est. Monthly Cash Flow $-9,870

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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