Active Listing  ·  33 days on market

7804 Blue Lilly Dr

Austin, TX 78759
$1,150,000
5 Bed 4 Bath 3,391 sqft $339/sqft Built 1992 0.21 acres 2-Car Garage Pool Great Hills 23

Spacious 5-bedroom home in Great Hills with two versatile flex rooms offers the perfect balance of gathering space and privacy in highly sought-after Round Rock ISD. The open floor plan connects the kitchen to the family room with fireplace, overlooking the backyard, with a door leading to the expanded deck and inviting in-ground pool—ideal for entertaining or everyday living.

The private primary suite is conveniently located on the main level, while four additional bedrooms and two full baths upstairs provide plenty of room for family and guests. The upstairs flex room features built-in shelving, a sink with granite countertops, and is perfect as a media room, game room, hobby space, or teen retreat. The main-level flex room with double French doors makes an ideal home office, extra bedroom, living area, etc.

Pre-inspected, thoughtfully updated, and freshly painted throughout, this move-in-ready home offers the space, flexibility, and lifestyle today's buyers are looking for. Close to Laurel Mountain Elementary, minutes to tech campuses like Apple, the Domain and Arboretum.

At $339/sqft, this home is 13% 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

7804 Blue Lilly Dr, Austin, TX 78759

Property Details

Price $1,150,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,391 sqft
Lot Size 0.21 acres (9,300.06 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Great Hills 23
County Travis
Zip Code 78759
$/sqft $339/sqft
Days on Market ,
HOA $50/Annually
Annual Tax Est. $15,605
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238350837
List Date July 2, 2026
Elementary School Laurel Mountain
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.

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
12013 Palisades Pkwy
Steiner Ranch Ph 6-B
$1,150,000 $252 4 bd / 4 ba 4,558 sqft , 2025-11-12
13423 Trail Driver None
Big Country Sec 5
$1,150,000 $334 5 bd / 5 ba 3,441 sqft , 2026-03-27
1917 Lakecliff Hills Ln
Steiner Ranch Ph 01 Sec 10b
$1,150,000 $293 5 bd / 4 ba 3,920 sqft , 2026-04-17
113 Morning Cloud St
Lakeway Sec 24
$1,150,000 $253 4 bd / 4 ba 4,538 sqft , 2026-04-29
4509 S 2nd St #1
Hartkopf
$1,150,000 $509 4 bd / 3 ba 2,260 sqft , 2026-05-24

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
$5,520/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
$230,000
20% conventional investment loan

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

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

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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