Active Listing  ·  117 days on market

8312 Carranzo Dr

Austin, TX 78735
$3,250,000
3 Bed 4 Bath 4,003 sqft $812/sqft Built 2020 0.34 acres 3-Car Garage Pool Amarra Drive Ph 03

Located behind two private gates in the exclusive Amarra Section of Barton Creek, 8312 Carranzo Drive offers luxury golf course living in one of Austin's most sought-after communities. Built in 2020 and situated on approximately .34 acres along the 9th hole of Fazio Canyons, this residence combines a clean transitional design, refined modern finishes and the convenience of a single-level floor plan offering approximately 4003 square feet. Designed to capture natural light and sweeping views, the home features high ceilings, wood floors, custom window treatments and an expansive wall of glass that create a seamless connection between indoor and outdoor living. The main living spaces open directly to covered outdoor dining and lounge areas. Thoughtfully designed for both everyday living and entertaining, the open floor plan connects the formal dining room, well-appointed kitchen with high-end appliances, breakfast area, island seating, wet bar and spacious living room anchored by a limestone fireplace. Additional spaces include a study or second living area with custom built-ins, walk-in pantry, storage closet and powder bath. Privately positioned to enjoy views of the pool and golf course, the primary suite serves as a peaceful retreat. The spa-inspired bath features dual vanities, a soaking tub, dual-entry shower and two walk-in closets. The secondary bedrooms are generously sized, each offering an en-suite bath and walk-in closet. Outdoor living offers multiple spaces for lounging and entertaining. The two-level negative edge pool includes areas for lap swimming along with a spa, waterfalls, fountains and a grotto. Additional features include a three-car garage, metal roof and professional landscaping. Just a short walk to the Fazio Canyons Clubhouse, this Amarra residence offers modern luxury and golf course living in one of Austin's most exclusive gated communities. Buyer and buyer's agent to verify all information.

At $812/sqft, this home is priced 107% 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

8312 Carranzo Dr, Austin, TX 78735

Property Details

Price $3,250,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 4,003 sqft
Lot Size 0.34 acres (14,810.4 sqft)
Year Built 2020
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Amarra Drive Ph 03
County Travis
Zip Code 78735
$/sqft $812/sqft
Days on Market ,
HOA $800/Quarterly
Annual Tax Est. $47,196.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231443736
List Date May 29, 2026
Elementary School Oak Hill
Middle School O Henry
High School Austin
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
3735 Lost Creek Blvd
Estates Above Lost Creek
$2,999,500 $609 4 bd / 5 ba 4,925 sqft , 2026-06-26
8320 Carranzo Dr
Amarra
$3,625,000 $963 3 bd / 4 ba 3,764 sqft , 2026-09-03
3210 Lacevine Ln
Estates Above Lost Creek in Barton Creek
$2,850,000 $728 4 bd / 4 ba 3,916 sqft , 2026-07-11
4320 Amarra Dr
Amarra Cottages Condos
$3,699,950 $1,094 3 bd / 4 ba 3,383 sqft , 2026-09-10
4401 Amarra Dr #17
Amarra
$3,795,000 $918 4 bd / 5 ba 4,136 sqft , 2026-06-05

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
$15,600/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
$650,000
20% conventional investment loan

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

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

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 13, 2026.

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