Active Listing  ·  74 days on market

560 Aspen Dr

Austin, TX 78737
$1,195,000
5 Bed 5 Bath 4,613 sqft $259/sqft Built 2007 0.38 acres 3-Car Garage Pool Belterra Ph 02 Sec 05c

Nestled within the highly sought after Belterra community, this stunning 4,612 SF two story residence offers the perfect blend of luxury, comfort, and convenience for families seeking to embrace the Texas Hill Country lifestyle. Ideally positioned minutes away from Dripping Springs and Austin, the home provides quick access to shopping, dining, and entertainment at Belterra Village while benefiting from the award winning Dripping Springs ISD. Backing to a peaceful greenbelt and featuring a custom heated pool and spa, the property delivers a private retreat perfect for year round relaxation and entertainment. This home stands apart with a powerful combination of recent upgrades and a full renovation package recently completed. Recent improvements include a new roof, new fence, newer kitchen appliances: a tankless water heater, reverse osmosis drinking water system, water softener system, new alarm sensors, and a pool pump and heater replaced in 2021. To further elevate the home’s move in ready appeal, the seller is completing a comprehensive refresh of the interior: full interior repainting (including staircase), all new carpet in the bedrooms, media and family rooms, modern light fixtures/fans, new kitchen backsplash, repaired and updated kitchen cabinetry with new hardware, new countertops in the kitchen, the owners bathrooms,refinishing of the guest room countertop, and refinishing of the owner suite and guest room bathtubs. Lastly, the property additionally comes with all kitchen appliances, a pool/ping pong table, and executive office furniture. With 5 spacious bedrooms, 5 bathrooms, a 3 car garage, expansive living areas, an open concept kitchen, and a dedicated entertainment room, this meticulously maintained property offers exceptional value in one of the area’s most prestigious and established neighborhoods. This exceptional property presents a rare opportunity to own a move-in ready home in one of the area’s most prestigious and established neighborhoods.

At $259/sqft, this home is 34% 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

560 Aspen Dr, Austin, TX 78737

Property Details

Price $1,195,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,613 sqft
Lot Size 0.38 acres (16,552.8 sqft)
Year Built 2007
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Belterra Ph 02 Sec 05c
County Hays
Zip Code 78737
$/sqft $259/sqft
Days on Market ,
HOA $144/Quarterly
Annual Tax Est. $21,759.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230251919
List Date May 22, 2026
Elementary School Rooster Springs
Middle School Dripping Springs Middle
High School Dripping Springs
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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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
11600 Hunters Green Trl
Steiner Ranch Ph 01 Sec 10a
$1,195,000 $318 4 bd / 4 ba 3,760 sqft , 2026-07-23
505 Horseback Holw
Steiner Ranch Ph 01 Sec 09
$1,195,000 $295 4 bd / 4 ba 4,053 sqft , 2026-07-31
5400 Top Of The Trails Cv
Woods Lake Travis Sec 02
$1,199,000 $334 4 bd / 4 ba 3,589 sqft , 2026-04-16
1316 Cassiopeia Way
Steiner Ranch Ph 01 Sec 7A
$1,199,000 $312 5 bd / 5 ba 3,837 sqft , 2026-04-16
7505 Becasseau Dr
Provence
$1,199,000 $258 5 bd / 6 ba 4,640 sqft , 2026-06-29

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
$5,736/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
$239,000
20% conventional investment loan

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

Estimated Gross Rent+$5,736
Principal + Interest−$6,522
Property Tax (~2.1% TX avg)−$2,091
Insurance (~0.5%)−$498
Est. Monthly Cash Flow $-3,375

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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