Active Listing  ·  4 days on market

6607 Lost Horizon Dr

Austin, TX 78759
$849,990
5 Bed 3 Bath 2,304 sqft $369/sqft Built 1992 0.23 acres 2-Car Garage Pool Great Hills Ph 02 Sec 01

Perched at one of Austin's highest elevations, this stunningly renovated 5-bedroom, 2.5-bath home in coveted Great Hills offers breathtaking hill country views and sunset vistas.

The 2,304-square-foot home was fully renovated top to bottom in 2025. The primary suite opens to a wall of windows framing the hills, and upstairs, a large flex room (game room, office, or guest suite) shares the same panoramic backdrop. The showstopper is an expansive two-level deck with bistro lights, perfect for sunset views or morning coffee - a true entertainer's sanctuary.

Inside, every detail is elevated: luxury vinyl plank flooring on the main level, plush carpet in the bedrooms, designer tile in all bathrooms, and electric window shades in the primary bedroom, office, and dining room. A double-sided gas fireplace anchors the living area and downstairs bedroom, while custom accent walls and a statement chandelier add character. The kitchen features new Bosch stainless appliances, fresh cabinetry, black granite counters, a designer backsplash, and a coffee bar. Bathrooms boast new vanities, quartz counters, spa-inspired tile, and a bidet. The primary suite retreat offers abundant natural light plus a walk-in shower, soaking tub, double vanity, and premium finishes.

Recent updates let you move right in: 2025 roof, tankless water heater, reinforced deck, replaced windows (especially upstairs, sun-facing), added attic insulation, new HVAC ductwork with digital thermostats and room sensors, Bosch appliances including refrigerator, an LG dual-washer laundry system, built-in garage storage and workbench, and a reverse-osmosis drinking water system.

Beyond your door: walk to two neighborhood parks with basketball and tennis courts and trails, or stroll to the elementary school and its resident goats and chickens. Minutes from Trader Joe's, Great Hills Country Club, and the Arboretum, and zoned to acclaimed schools, this elevated gem has it all.

At $369/sqft, this home is 6% 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

6607 Lost Horizon Dr, Austin, TX 78759

Property Details

Price $849,990
Status Active Listing
Beds 5
Full Baths 2
Half Baths 1
Living Area 2,304 sqft
Lot Size 0.23 acres (9,909.9 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills Ph 02 Sec 01
County Travis
Zip Code 78759
$/sqft $369/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243950338
List Date August 20, 2026
Elementary School Caraway
Middle School Canyon Vista
High School Westwood
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.

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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
6220 Harrogate Dr
Enclave At Sierra Vista
$849,000 $292 4 bd / 3 ba 2,903 sqft , 2026-04-18
6001 Sierra Arbor Ct
Sierra Arbor Estates
$875,000 $301 4 bd / 3 ba 2,910 sqft , 2026-06-15
5818 Misty Hill Cv
Greens Sec 02
$815,000 $275 4 bd / 3 ba 2,962 sqft , 2026-08-19
10903 Galleria Cv
Austin Hills Sec 05
$895,000 $392 4 bd / 3 ba 2,282 sqft , 2026-06-18
11034 Galleria Cv
Sierra Vista 03 Ph 02
$899,000 $293 4 bd / 3 ba 3,067 sqft , 2026-06-19

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
$4,080/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
$169,998
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,487
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,400

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 · 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 22, 2026.

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