Active Listing  ·  43 days on market

5718 Highland Hills Dr

Austin, TX 78731
$1,175,000
4 Bed 3 Bath 2,376 sqft $495/sqft Built 1958 0.23 acres Pool Highland Hills Sec 01

This versatile floor plan offers multiple living and dining areas, a spacious deck overlooking a greenbelt, and a large lot. Recent updates include new European hardwood flooring, fresh interior and exterior paint, new front windows, and more—see the Upgrades & Improvements list for details. All appliances convey.

Two bedrooms share a Jack-and-Jill bath with separate sinks, while another bedroom is privately located on the opposite side of the home with a full bath. No garage; two driveways provide off-street parking.

Exceptional central Austin location with easy access to both north and south Mopac and less than five minutes from Hwy 360. Approximately 10 minutes to Downtown Austin and The Domain, with convenient access to 45th Street, Burnet Road, The Triangle, Northwest Hills, and major shopping, dining, and entertainment. The location provides easy connectivity to many of Austin’s most popular areas while still offering a private greenbelt setting. Highly regarded schools and a low tax rate of approximately 1.8%.

At $495/sqft, this home is priced 27% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5718 Highland Hills Dr, Austin, TX 78731

Property Details

Price $1,175,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,376 sqft
Lot Size 0.23 acres (9,931.68 sqft)
Year Built 1958
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Hills Sec 01
County Travis
Zip Code 78731
$/sqft $495/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $22,189.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248302435
List Date September 30, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
School District Austin ISD

Austin ISD

Highland Park · Lamar (Austin ISD) · McCallum

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 · September 30, 2026 $1,185,000
Current ask $1,175,000
▼ Reduced $10,000 (-0.8%) 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
6404 Shoal Creek Blvd
Treadwell Add Sec 02
$1,149,900 $522 4 bd / 3 ba 2,202 sqft , 2026-09-24
3902 Knollwood Dr #A
Knollwood
$1,225,000 $454 4 bd / 2 ba 2,696 sqft , 2026-08-16
3911 Dry Creek Dr
Shinoak Valley Sec 01
$1,285,000 $605 3 bd / 3 ba 2,124 sqft , 2026-08-03
2709 Geraghty Ave
Allandale
$1,045,000 $513 4 bd / 3 ba 2,039 sqft , 2026-08-21
5721 Louise Ln
Allandale West Sec 01
$1,345,000 $460 4 bd / 3 ba 2,924 sqft , 2026-09-15

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
$5,640/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
$235,000
20% conventional investment loan

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

Estimated Gross Rent+$5,640
Principal + Interest−$6,412
Property Tax (assumed ~2.1%)−$2,056
Insurance (assumed ~0.5%)−$490
Est. Monthly Cash Flow $-3,318

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 · 41 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. The written content was last updated on November 6, 2026.

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

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