Active Listing  ·  14 days on market

701 Furlong Dr

Austin, TX 78746
$3,200,000
5 Bed 4 Bath 3,992 sqft $802/sqft Built 1994 1.80 acres 3-Car Garage Pool Rob Roy on the Creek

Extensive luxury renovation, 701 Furlong offers sophisticated modern design, exceptional finishes, and total privacy on 1.8 acres in Westlake, ideally located within highly regarded Eanes ISD and just minutes from downtown Austin. This 5-bedroom, 3.5-bath retreat is filled with natural light, featuring wide-plank floors, soaring ceilings, and walls of windows framing serene wooded views.

The chef’s kitchen is beautifully appointed with white marble and black granite countertops, M-Tek brass hardware, Sub-Zero refrigeration, Wolf appliances, a Thermador-vented custom hood, pot filler, and an oversized island designed for both everyday living and entertaining.

The vaulted primary suite is a private retreat with designer wallpaper, a crystal chandelier, and direct access to a private deck. The spa-inspired bath features marble herringbone floors, a sculptural soaking tub, seamless double shower, Toto remote-control bidet, and expansive double vanity, opening to an extraordinary custom closet with glass-enclosed cabinetry, secure jewelry storage, built-in bars, and a cushioned bench with integrated hamper.

Outdoor living is equally exceptional, with multiple entertainment decks overlooking the wooded grounds, a sparkling pool, and a secluded fire-pit lounge beyond a natural stream. The result is a rare Westlake sanctuary that combines sophisticated luxury, privacy, and a true connection to nature—all just minutes from downtown Austin.

At $802/sqft, this home is priced 104% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

701 Furlong Dr, Austin, TX 78746

Property Details

Price $3,200,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,992 sqft
Lot Size 1.80 acres (78,408 sqft)
Year Built 1994
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rob Roy on the Creek
County Travis
Zip Code 78746
$/sqft $802/sqft
Days on Market ,
HOA $1,050/Annually
Annual Tax Est. $18,816.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246249112
List Date September 9, 2026
Elementary School Forest Trail
Middle School Hill Country
High School Westlake
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
2300 Barton Creek Blvd #15
Governors Hill Condo Amd
$3,275,000 $790 4 bd / 4 ba 4,147 sqft , 2026-03-25
7120 Clifton Ln
Camelot West
$3,375,000 $799 4 bd / 5 ba 4,224 sqft , 2026-08-25
2305 Barton Creek Blvd #36
Fairways On Fazio At Barton Creek
$2,100,000 $557 4 bd / 4 ba 3,772 sqft , 2026-08-01

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
$15,360/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
$640,000
20% conventional investment loan

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

Estimated Gross Rent+$15,360
Principal + Interest−$17,464
Property Tax (~2.1% TX avg)−$5,600
Insurance (~0.5%)−$1,333
Est. Monthly Cash Flow $-9,037

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 September 20, 2026.

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