Active Listing  ·  15 days on market

8317 CARRANZO Dr

Austin, TX 78735
$3,995,000
4 Bed 5 Bath 4,150 sqft $963/sqft Built 2014 0.25 acres 3-Car Garage Pool Amarra Drive

Welcome to Villa Fazio, an exceptional designer residence overlooking the 1st fairway of the Tom Fazio-designed Fazio Canyons Course in the prestigious double-gated community of The Canyons at Barton Creek.

Thoughtfully designed for luxury lock-and-leave living, this beautifully updated home offers approximately 4,150 square feet (buyer to verify), featuring a spacious primary suite with a spa-inspired bath and dual walk-in closets, two additional en-suite bedrooms, a handsome executive office with custom built-ins, and a private upstairs guest retreat complete with its own sitting room, kitchenette, and full bath.

Professionally designed interiors showcase custom lighting, rich hardwood flooring, a dramatic Kyle Bunting hide-wrapped bar, integrated audio, California Closets, a Kohler whole-house generator, EV charging station, and extensive landscape enhancements. The resort-style pool and outdoor living spaces overlook the fairway, creating a private retreat for relaxing and entertaining.

A rare and highly coveted opportunity accompanies the home: the transferable Barton Creek Country Club Full Golf Membership, allowing the next owner to bypass the current waiting list and immediately purchase a Full Golf Membership with access to four championship golf courses, exceptional dining, tennis, pickleball, fitness facilities, and spa amenities.

With the PGA TOUR's inaugural Good Good Championship arriving at the Fazio Canyons Course this November, Villa Fazio represents one of the premier golf lifestyle opportunities in Austin.

At $963/sqft, this home is priced 146% 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

8317 CARRANZO Dr, Austin, TX 78735

Property Details

Price $3,995,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 4,150 sqft
Lot Size 0.25 acres (11,020.68 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Amarra Drive
County Travis
Zip Code 78735
$/sqft $963/sqft
Days on Market ,
HOA $800/Quarterly
Annual Tax Est. $45,854.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239555328
List Date July 20, 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.

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
1015 Gaston Ave
Shoal Terrace
$3,995,000 $879 4 bd / 5 ba 4,546 sqft , 2026-06-11
1700 Buffalo Gap Rd
N/A
$3,999,000 $1,270 3 bd / 4 ba 3,150 sqft , 2026-03-19
2021 Ford St
Sun Terrace
$3,999,000 $949 4 bd / 6 ba 4,213 sqft , 2026-06-18
501 West Ave #3803
Fifth & West
$3,999,999 $1,417 3 bd / 4 ba 2,822 sqft , 2026-04-03
4101 Spicewood Springs Rd
Mesa Forest Add
$3,990,000 $831 4 bd / 5 ba 4,804 sqft , 2025-11-25

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
$19,176/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
$799,000
20% conventional investment loan

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

Estimated Gross Rent+$19,176
Principal + Interest−$21,802
Property Tax (~2.1% TX avg)−$6,991
Insurance (~0.5%)−$1,665
Est. Monthly Cash Flow $-11,282

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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