Active Listing  ·  90 days on market

5932 Highland Hills Dr

Austin, TX 78731
$1,095,000
4 Bed 3 Bath 2,551 sqft $429/sqft Built 1967 0.26 acres 2-Car Garage Pool Highland Hills Sec 05 Ph 02

A fresh opportunity in Northwest Hills, this modern three-story home is tucked into the trees above Highland Hills and offers privacy, architectural character, and a flexible blueprint for its next chapter. With clean lines, mature trees, multiple decks, and west-facing sunset views, the home has the kind of setting and structure that is hard to recreate in Central Austin.

Inside, maple floors, natural light, treetop views, and open living spaces create a warm foundation for everyday living, entertaining, and future updates. The main level features generous gathering areas and an entertainer’s kitchen, with decks that extend the living space outdoors and capture beautiful evening light.

The top-floor primary suite feels private and elevated, with peaceful views and a spacious deck overlooking the trees. Three additional bedrooms are located on the lower level, offering flexibility for family, guests, work-from-home needs, creative space, or a more private multi-generational layout.

Major improvements are already in place, including new HVACs and a 2025 roof, giving buyers a strong starting point for cosmetic updates or a more personalized renovation over time. Multiple living areas, generous storage, a detached two-car garage, and ample parking add practical value to the home’s modern design.

Zoned to sought-after Highland Park Elementary and centrally located near downtown Austin, Loop 360, Central Market, H-E-B, the Dell JCC, local shops, restaurants, parks, and trails, this Northwest Hills home is ready for new vision, fresh energy, and its next lucky owner.

At $429/sqft, this home is priced 10% 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

5932 Highland Hills Dr, Austin, TX 78731

Property Details

Price $1,095,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,551 sqft
Lot Size 0.26 acres (11,308.18 sqft)
Year Built 1967
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Hills Sec 05 Ph 02
County Travis
Zip Code 78731
$/sqft $429/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,565.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228516019
List Date May 6, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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 · May 6, 2026 $1,250,000
Previous ask $1,177,500
Current ask $1,095,000
Reduced $155,000 (-12.4%) 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
5511 Joe Sayers Ave #B
Broadacres
$1,095,000 $524 3 bd / 4 ba 2,089 sqft , 2026-05-08
4709 Snake Eagle Cv
Falconhead Spillman Ranch
$1,095,000 $341 4 bd / 4 ba 3,208 sqft , 2026-06-02
595 Bird Holw
Parten
$1,095,500 $361 4 bd / 5 ba 3,032 sqft , 2026-07-02
3018 Sunridge Dr #8
Sundridge Park Sec One
$1,099,000 $420 3 bd / 3 ba 2,614 sqft , 2026-04-09
2707 Salek Vw
Sunridge Condos
$1,099,000 $341 4 bd / 4 ba 3,220 sqft , 2026-01-10

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
$5,256/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
$219,000
20% conventional investment loan

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

Estimated Gross Rent+$5,256
Principal + Interest−$5,976
Property Tax (~2.1% TX avg)−$1,916
Insurance (~0.5%)−$456
Est. Monthly Cash Flow $-3,092

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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