Active Listing  ·  53 days on market

5612 Cherokee Draw Rd

Austin, TX 78738
$785,000
4 Bed 3 Bath 3,551 sqft $221/sqft Built 2013 0.18 acres 2-Car Garage Pool Sweetwater Sec 1 Village G-1

Experience the perfect harmony of luxury and comfort in this rare 1.5-story sanctuary, backing into an adjoining

greenspace with canyon views adds immediate equity and a sense of privacy that is hard to find at this price point.

Designed for those who appreciate the convenience of single-level living without sacrificing space, this meticulously

maintained home offers a primary-on-main layout complemented by a versatile upstairs retreat. The Highlights You’ll

Love: A Chef’s Vision: The heart of the home features an oversized granite center island, gas cooktop, and a

sophisticated butler’s pantry complete with a wine refrigerator—perfect for hosting sunset gatherings. Architectural

Elegance: Step into an expansive open floor plan defined by soaring ceilings, custom built-ins, and a cozy stone

fireplace that anchors the living area. Work & Play: A dedicated home office provides a quiet workspace, while the

upstairs game room serves as the ultimate media den, playroom, or guest lounge. The Master Suite: Retreat to a

primary sanctuary where large windows frame picturesque nature views. The spa-like en suite features dual vanities, a

soaking tub, and a massive walk-in closet. Outdoor Bliss: Unwind on the covered back deck or soak in the private hot

tub while watching the famous Texas sunsets dip below the Hill Country horizon. The Sweetwater Lifestyle: Living here

means more than just a beautiful home; it’s a resort-style experience. Enjoy 700+ acres of preserved canyons, 10

miles of hiking trails, three community pools (including the 10-acre Sweetwater Club), a state-of-the-art fitness center,

and top-tier Lake Travis ISD schools. Minutes from the Hill Country Galleria and Lake Travis, this is move-in ready

luxury at its finest. Welcome Home.

At $221/sqft, this home is 44% 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

5612 Cherokee Draw Rd, Austin, TX 78738

Property Details

Price $785,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,551 sqft
Lot Size 0.18 acres (7,801.6 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sweetwater Sec 1 Village G-1
County Travis
Zip Code 78738
$/sqft $221/sqft
Days on Market ,
HOA $200/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242023871
List Date August 1, 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 →

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
17324 Cain Clearing Pass
Sweetwater Ranch Sec 2 Vlgs C
$799,999 $330 4 bd / 4 ba 2,423 sqft , 2026-03-18
5313 Lipan Apache Bnd
Sweetwater Sec 1 Village G-2
$740,000 $174 5 bd / 5 ba 4,263 sqft , 2026-05-14
6305 Wavell Pl
Sweetwater Ranch
$735,000 $287 4 bd / 3 ba 2,561 sqft , 2026-06-24
19113 Freeman Cir
Sweetwater Ranch Vlg N Sec 2
$730,000 $261 4 bd / 4 ba 2,796 sqft , 2026-06-16
6213 Hilltop Plateau Dr
Sweetwater
$725,000 $281 4 bd / 4 ba 2,576 sqft , 2026-07-17

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
$3,768/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
$157,000
20% conventional investment loan

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

Estimated Gross Rent+$3,768
Principal + Interest−$4,284
Property Tax (~2.1% TX avg)−$1,374
Insurance (~0.5%)−$327
Est. Monthly Cash Flow $-2,217

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

More Luxury Homes in Austin

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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 August 30, 2026.

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