Active Listing  ·  20 days on market

8320 Carranzo Dr

Austin, TX 78735
$3,625,000
3 Bed 4 Bath 3,764 sqft $963/sqft Built 2013 0.29 acres 3-Car Garage Pool Amarra

Set behind gates in Southwest Austin's Hill Country, this stone and standing seam metal roof home pairs a dramatic architectural profile with a private pool and stacked stone water feature. It sits just steps from Canyons Grill, the community's go-to gathering spot for casual dinners and weekend brunch on the porch. Built in 2013 and since updated with more than $200,000 in renovations throughout, the home blends its original architecture with fresh finishes room to room. A paver motor court and dark wood garage doors set the tone before you reach the glass front door, which opens to soaring, beamed ceilings, arched passageways, and a stone fireplace wall anchored by a sculptural ring chandelier.

The formal dining room makes its own statement, with hand-finished plaster walls, twin gold starburst fixtures, and a live-edge centerpiece bowl atop a blackened wood table. The kitchen centers on a waterfall quartzite island beneath brass pendant lighting, flanked by a professional range with red-knobbed burners, a built-in refrigerator, and a butler's pantry with wine storage tucked behind an archway. A curved-window study with built-in cabinetry and a wood pedestal desk offers a quiet spot to work, while the primary suite unfolds into its own bay-window sitting area, a soaking tub beneath a vaulted ceiling, and a glass-enclosed steam shower. His and her closets are outfitted with custom cabinetry and built-in lighting throughout, plus a center island, rolling ladder, and glass display cases for the ultimate in organized storage. Additional bedrooms carry their own personality, from a wood-slat accent wall to black board-and-batten trim, each paired with a well-appointed bath.

Outside, the covered patio extends the living space with a stone fireplace, built-in grill, and a raised spa that spills into the pool below, all framed by iron fencing and mature oaks. A three-plus car garage with built-in storage and a walk-through laundry room round out the floor plan.

At $963/sqft, this home is priced 145% 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

8320 Carranzo Dr, Austin, TX 78735

Property Details

Price $3,625,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,764 sqft
Lot Size 0.29 acres (12,501.72 sqft)
Year Built 2013
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Amarra
County Travis
Zip Code 78735
$/sqft $963/sqft
Days on Market ,
HOA $800/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244728470
List Date September 3, 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
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
8317 CARRANZO Dr
Amarra Drive
$3,995,000 $963 4 bd / 5 ba 4,150 sqft , 2026-07-20
8312 Carranzo Dr
Amarra Drive Ph 03
$3,250,000 $812 3 bd / 4 ba 4,003 sqft , 2026-05-29
4300 Amarra Dr #6
Amarra Cottages Condos
$4,250,000 $1,055 4 bd / 5 ba 4,027 sqft , 2026-05-08

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
$17,400/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
$725,000
20% conventional investment loan

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

Estimated Gross Rent+$17,400
Principal + Interest−$19,783
Property Tax (~2.1% TX avg)−$6,344
Insurance (~0.5%)−$1,510
Est. Monthly Cash Flow $-10,237

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 →