Active Listing  ·  40 days on market

5809 Viejo Dr

Austin, TX 78738
$799,000
5 Bed 4 Bath 3,683 sqft $217/sqft Built 2015 0.17 acres 3-Car Garage Pool Bella Colinas Sec 7,8,& 9

PRICE IMPROVEMENT. HIGHLY MOTIVATED SELLERS, BRING YOUR OFFERS. INCREDIBLE VALUE in Bella Colinas! Discover a magnificent two-story residence offering an unparalleled blend of comfort and expansive luxury. This exceptional home features 5 bedrooms and 3.5 bathrooms providing ample space for relaxation and privacy, alongside a coveted three-car garage that offers abundant storage and parking. The grand living room features a dramatic open-to-below ceiling, creating an airy, light-filled atmosphere that flows effortlessly into the chef’s dream kitchen. A true culinary masterpiece, the kitchen boasts a rare double island setup, perfect for both daily life and grand-scale entertaining. Also, with a casual dining nook adjacent to the kitchen, there is plenty of space to fill or spread out. Open the door to the back patio for barbecuing while delighting in Texas’ perfect evenings. A formal dining room can be used as a flex space, designed to meet your needs. An office on the main level next to the entrance makes working from home easy, while its separation from the rest of the living space allows for a peaceful setting. Journey up the stairs to find another open space waiting for your touch: game room ready, hang out haven, or ideal area for lounging and leisure. Four bedrooms are situated on the second floor, while the primary suite is situated on the main level. Immaculately cared for, this house offers thoughtfully designed 3,686 square feet for you to call home. Located on one of the most serene streets in the neighborhood. Minutes from the Galleria, grocery stores, and connectivity to lake life, Bella Colinas offers an easy commute to downtown Austin and convenience to all things Bee Cave and Lakeway. Bella Colinas is located in the desirable Lake Travis ISD and tucked off Highway 71 and Hamilton Pool Road. The neighborhood is complete with a community pool, splash pad, picnicking areas, and playscape. Schedule your private tour today before it's gone!

At $217/sqft, this home is 45% 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

5809 Viejo Dr, Austin, TX 78738

Property Details

Price $799,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,683 sqft
Lot Size 0.17 acres (7,200.47 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bella Colinas Sec 7,8,& 9
County Travis
Zip Code 78738
$/sqft $217/sqft
Days on Market ,
HOA $85/Monthly
Annual Tax Est. $18,017.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235815455
List Date June 25, 2026
Elementary School Bee Cave
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
12808 Hughes St
W C I D 17 02
$799,000 $258 5 bd / 4 ba 3,092 sqft , 2026-02-18
16913 Roselin Dr
Provence
$799,000 $283 4 bd / 3 ba 2,826 sqft , 2026-03-22
11506 D K Ranch Rd
Oak Forest Sec 05-A
$799,000 $260 5 bd / 4 ba 3,068 sqft , 2026-05-09
180 Granite Ln
Belterra Ph 2 Sec 5D
$799,000 $186 5 bd / 5 ba 4,299 sqft , 2026-05-28
130 Granite Ln
Belterra Ph 2 Sec 5D
$799,000 $210 4 bd / 4 ba 3,807 sqft , 2026-05-29

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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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