Active Listing  ·  579 days on market

5500 Sendero Hills Pkwy

Austin, TX 78724
$699,900
3 Bed 3 Bath 2,630 sqft $266/sqft Built 2024 0.11 acres Pool New Construction AGAVE

*Ask about our current offers* Welcome to your stunning modern oasis with breathtaking VIEWS of the AUSTIN SKYLINE! Situated just minutes from the best eateries, coffee shops, and entertainment venues the city has to offer, this home seamlessly combines urban vibrancy with serene relaxation. Spanning 2,630 square feet, this residence features sleek architectural lines and an open concept layout that invites abundant natural light throughout the home. With two spacious living areas, it's perfect for hosting gatherings and enjoying time with family. The chef’s kitchen is a culinary dream, boasting high-end Bosch appliances, quartz countertops, soft-close cabinetry, and undermounted lighting. Imagine whipping up your favorite dishes while taking in picture-perfect views of downtown from the kitchen windows. Additionally, a large walk-in pantry ensures you have ample space for all your culinary essentials. Ascend to the second level, where you'll discover a large game room complete with a covered balcony, perfect for enjoying sunset happy hours overlooking the Austin Skyline. The primary suite offers a tranquil sanctuary amidst leafy treetop views, creating a private getaway. Indulge in the luxurious amenities, including a deep soaking tub, a spacious glass-enclosed walk-in shower, and upscale finishes that elevate everyday living. Beautiful hardwood floors flow throughout the home, enhancing its elegance and sophistication. This residence masterfully blends modern design with peaceful living— all just minutes from the heart of Austin's urban core! Don’t miss out on this incredible opportunity to live in style and luxury with stunning skyline views. Call Erin to make an appointment to tour this home today! Limited Service Listing Agreement.

At $266/sqft, this home is 32% 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

5500 Sendero Hills Pkwy, Austin, TX 78724

Property Details

Price $699,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,630 sqft
Lot Size 0.11 acres (4,922.28 sqft)
Year Built 2024
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision AGAVE
County Travis
Zip Code 78724
$/sqft $266/sqft
Days on Market ,
HOA $220/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT191616548
List Date March 8, 2025
Elementary School Decker
Middle School Decker
High School Manor
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.

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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 · March 8, 2025 $755,900
Previous ask $709,900
Current ask $699,900
▼ Reduced $56,000 (-7.4%) 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
7321 Annette Cv
Agave
$728,900 $267 4 bd / 4 ba 2,732 sqft , 2025-09-19
6136 Florencia Ln
Meadows At Trinity Crossing Ph
$660,000 $226 3 bd / 4 ba 2,920 sqft , 2026-04-09
6020 Sendero Hills Pkwy
Meadows At Trinity Crossing Ph
$757,000 $289 3 bd / 3 ba 2,615 sqft , 2025-04-03
5513 Toscana Ave
Meadows At Trinity Crossing Ph
$639,900 $276 4 bd / 3 ba 2,318 sqft , 2026-09-18
7417 Cordoba Dr
Sendero Hills
$635,000 $254 4 bd / 3 ba 2,496 sqft , 2026-09-03

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
$3,360/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
$139,980
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 26, 2026.

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