Active Listing  ·  160 days on market

8209 Two Coves Dr

Austin, TX 78730
$7,300,000
4 Bed 6 Bath 6,153 sqft $1,186/sqft Built 2020 1.46 acres 3-Car Garage Pool Westcliff Sec 01-A

8209 Two Coves Drive is a recently constructed contemporary builder’s personal home with extensive upgrades. Perched atop the rolling hills just off City Park Road, it seamlessly blends striking architectural elements with the natural beauty of the Texas Hill Country. Plus, with a 2025 tax rate of just 1.55% (buyer to verify), this estate represents a rare opportunity to own a state-of-the-art home in a coveted location with some of the lowest property taxes in Austin. A privately gated driveway winds through the lush landscape, leading to a dramatic front entry defined by an expansive moat and waterfall. A modern bridge guides visitors over the tranquil waters toward the residence, setting the stage for the home's contemporary yet serene ambiance. Every detail of the front yard has been meticulously designed with low-maintenance plantings, allowing the home to harmonize effortlessly with its surroundings. This 4-bedroom, 4-bathroom residence, with two additional powder rooms, offers luxurious living spaces, including a dedicated office overlooking the treetop views maximizes natural light and flow. The resort-style amenities continue outside, where ample covered patios, an outdoor kitchen, a waterfall-edge pool, and a hot tub provide the ultimate setting for entertaining against the backdrop of epic Texas sunsets. Beyond the main residence, the property extends its offerings with a casita that currently serves as an office, plus an impressive, detached flex space, complete with a golf simulator and gym, making it an oasis for both relaxation and recreation. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

At $1,186/sqft, this home is priced 203% 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

8209 Two Coves Dr, Austin, TX 78730

Property Details

Price $7,300,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 2
Living Area 6,153 sqft
Lot Size 1.46 acres (63,662.94 sqft)
Year Built 2020
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westcliff Sec 01-A
County Travis
Zip Code 78730
$/sqft $1,186/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $32,569
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220320968
List Date February 25, 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 →

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
1354 The High Rd
Akumal
$7,300,000 $1,507 4 bd / 4 ba 4,845 sqft , 2026-02-27
2308 Hartford Rd
Sunset Hill Enfield 02
$7,425,000 $1,401 5 bd / 7 ba 5,300 sqft , 2026-03-31
4500 River Wood Ct
Mount Bonnell Shores Sec 02
$7,150,000 $1,264 4 bd / 5 ba 5,658 sqft , 2025-10-24
6607 W COURTYARD Dr
Shepherd Mountain Ph 02
$6,895,000 $1,193 5 bd / 6 ba 5,780 sqft , 2026-08-01
629 Casasanta Trl
Rough Hollow The Peninsula
$6,850,000 $875 5 bd / 8 ba 7,831 sqft , 2026-05-22

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
$35,040/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
$1,460,000
20% conventional investment loan

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

Estimated Gross Rent+$35,040
Principal + Interest−$39,839
Property Tax (~2.1% TX avg)−$12,775
Insurance (~0.5%)−$3,042
Est. Monthly Cash Flow $-20,616

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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