Active Listing  ·  54 days on market

5729 Krause Ln #19

Austin, TX 78738
$2,650,000
4 Bed 5 Bath 3,710 sqft $714/sqft Built 2008 0.80 acres 3-Car Garage Pool Spanish Oaks

Gorgeous, timeless, and truly special, this exceptional Spanish Oaks retreat offers the perfect blend of luxury, comfort, and natural beauty. Nestled on a beautifully landscaped lot filled with mature trees and native vegetation, this single-story residence is the definition of lock-and-leave living in one of the community's most peaceful, private, and quiet settings.

Tucked away near the back of Spanish Oaks, just moments from the Fish Camp and Pool Pavilion, the property welcomes you through a charming courtyard featuring an inviting fountain, lush landscaping, and a detached casita. The thoughtfully designed floor plan includes 3 bedrooms in the main house plus a private casita bedroom, offering 4 bedrooms, 4 full baths, and 1 half bath in total.

Blending seamlessly with its natural surroundings, the home exudes warmth, quality, and timeless elegance. Open-concept living and dining spaces flow effortlessly from the kitchen, creating an ideal environment for both everyday living and entertaining. Three fireplaces add character and ambiance throughout the home, while walls of windows frame serene views of the surrounding landscape.

Outdoor living is equally impressive, with expansive spaces designed to enjoy the shade and beauty of majestic Live Oaks. Whether relaxing with a morning coffee, gathering with friends, or enjoying the peaceful privacy of the setting, this home offers a rare opportunity to experience the very best of Spanish Oaks living.

Additional features include a 3-car garage, detached casita, and an unparalleled location within one of Austin's most sought-after gated communities.

At $714/sqft, this home is priced 83% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5729 Krause Ln #19, Austin, TX 78738

Property Details

Price $2,650,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,710 sqft
Lot Size 0.80 acres (34,878.49 sqft)
Year Built 2008
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Spanish Oaks
County Travis
Zip Code 78738
$/sqft $714/sqft
Days on Market ,
HOA $1,500/Quarterly
Annual Tax Est. $34,516.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT234155407
List Date June 11, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
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
204 W 32nd St
Aldridge Place
$2,650,000 $672 3 bd / 3 ba 3,944 sqft , 2026-03-16
1407 Alameda Dr
Travis Heights
$2,650,000 $714 4 bd / 4 ba 3,714 sqft , 2026-05-14
4703 Highland Ter
Highland Park West
$2,675,000 $767 4 bd / 4 ba 3,489 sqft , 2026-05-28
1900 Matthews Dr
Laurel Heights
$2,675,000 $929 4 bd / 4 ba 2,880 sqft , 2026-06-25
13213 Meridian Park Blvd
Meridian Sec F
$2,690,000 $580 5 bd / 4 ba 4,641 sqft , 2026-04-23

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
$12,720/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
$530,000
20% conventional investment loan

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

Estimated Gross Rent+$12,720
Principal + Interest−$14,462
Property Tax (~2.1% TX avg)−$4,638
Insurance (~0.5%)−$1,104
Est. Monthly Cash Flow $-7,484

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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