Active Listing  ·  117 days on market

5604 Terravista Dr

Austin, TX 78735
$885,000
4 Bed 4 Bath 3,907 sqft $227/sqft Built 2005 0.23 acres 2.5-Car Garage Pool Lantana Single Family Sec 01

Originally designed as a Newmark model home and thoughtfully upgraded throughout, this meticulously maintained 3,907 square-foot residence offers an exceptional blend of quality craftsmanship, timeless design, and a highly functional floor plan. From the moment you enter, soaring ceilings and abundant windows fill the living spaces with natural light, creating a bright, inviting atmosphere. The spacious, open-concept layout seamlessly connects the kitchen, dining area, sunroom, and family room, while offering an effortless indoor-outdoor flow to the covered patio, complete with a fireplace and outdoor kitchen, creating an ideal setting for everyday living and entertaining. The well-manicured backyard provides exceptional privacy and plenty of room to add a pool, creating the opportunity to design a spectacular outdoor retreat. Fresh interior paint and generous storage throughout add to its move-in-ready appeal.

The thoughtfully designed floor plan places the primary suite and dedicated study on the main level, offering both privacy and convenience. Upstairs, three additional bedrooms are complemented by a spacious game/flex room and an enclosed, finished attic space that serves as a playroom, creative studio, or exceptional storage space.

Ideally located in Southwest Austin, the home is just 15 minutes from Downtown, approximately 20 minutes from Austin-Bergstrom International Airport, and within walking distance of Lantana Place, offering restaurants, a coffee shop, movie theater, market, and everyday conveniences. Convenient to highly regarded public and private schools, including St. Andrew's, St. Michael's, and Regents, this home pairs an outstanding location with a layout designed for connection, comfort, and memorable entertaining-both indoors and out!

At $227/sqft, this home is 42% 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

5604 Terravista Dr, Austin, TX 78735

Property Details

Price $885,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,907 sqft
Lot Size 0.23 acres (10,084.14 sqft)
Year Built 2005
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lantana Single Family Sec 01
County Travis
Zip Code 78735
$/sqft $227/sqft
Days on Market ,
HOA $85/Quarterly
Annual Tax Est. $7,683
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224461861
List Date April 9, 2026
Elementary School Oak Hill
Middle School Small
High School Austin
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 · April 9, 2026 $925,000
Previous ask $899,000
Current ask $885,000
Reduced $40,000 (-4.3%) 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
505 Wester Ross Ln
Lakeway Highlands Ph 01 Sec 02
$884,500 $278 4 bd / 4 ba 3,182 sqft , 2026-07-08
16312 Lake Loop
Buffalo Gap
$889,000 $335 3 bd / 3 ba 2,650 sqft , 2025-08-27
159 Fireside Rd
Parten Ranch
$880,000 $249 5 bd / 5 ba 3,541 sqft , 2026-06-05
1004 Lott Ave
Green Valley 02
$879,990 $346 3 bd / 3 ba 2,542 sqft , 2026-04-10
9904 Bundoran Dr
Avery Ranch North Sec 02 Pud Amd
$879,000 $234 4 bd / 4 ba 3,751 sqft , 2026-06-19

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
$4,248/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
$177,000
20% conventional investment loan

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

Estimated Gross Rent+$4,248
Principal + Interest−$4,830
Property Tax (~2.1% TX avg)−$1,549
Insurance (~0.5%)−$369
Est. Monthly Cash Flow $-2,500

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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