Active Listing  ·  15 days on market

865 Catalina Ln

Austin, TX 78737
$815,000
4 Bed 3 Bath 2,825 sqft $288/sqft Built 2015 0.20 acres 3-Car Garage Pool Belterra Ph 4 Sec 12B

Beautiful Belterra home designed for seamless everyday living! With four bedrooms, three full bathrooms, and two offices, this home offers an ideal blend of single level spacious living, modern amenities, and peaceful outdoor surroundings. Situated on a desirable 0.20-acre lot backing to a greenbelt, this 2,825-square-foot residence provides privacy, comfort, and room to live, work, and entertain. Plenty of space for family and guests. Two dedicated offices, perfect for working from home, study, or creative pursuits. Granite countertops in the kitchen with dedicated coffee bar, complemented by a large island that creates a beautiful centerpiece for cooking, entertaining, and gathering. Easily entertain using adjacent bar complete with dedicated refrigerated wine and beverage storage. Step outside and enjoy the serene natural setting of the adjoining greenbelt. The outdoor amenities, including a kitchen, fire pit, swing and wrought iron fencing offer a relaxing atmosphere and a sense of privacy that is hard to find! Full automatic irrigation and hobby area in garage. Over 17 miles of hike and bike paths in the community with a pool. Your family will love it here! Schedule your private showing today and experience all that this Belterra home has to offer!

At $288/sqft, this home is 26% 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

865 Catalina Ln, Austin, TX 78737

Property Details

Price $815,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,825 sqft
Lot Size 0.20 acres (8,820.9 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Belterra Ph 4 Sec 12B
County Hays
Zip Code 78737
$/sqft $288/sqft
Days on Market ,
HOA $145/Quarterly
Annual Tax Est. $17,517.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246043776
List Date September 17, 2026
Elementary School Rooster Springs
Middle School Sycamore Springs
High School Dripping Springs
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
12225 Mesa Verde Dr
Belterra Sec 21-2
$824,900 $248 4 bd / 4 ba 3,328 sqft , 2026-09-10
208 Mirafield Ln
Belterra Ph 4 Sec 14
$825,000 $224 5 bd / 5 ba 3,684 sqft , 2026-07-08
324 Stoney Point Rd
High Pointe Ph I Sec One
$825,000 $231 5 bd / 4 ba 3,564 sqft , 2026-09-09
170 Kinloch Ct
Belterra Ph 4 Sec 18
$765,000 $203 4 bd / 3 ba 3,768 sqft , 2026-06-23
266 Merion Dr
Belterra Ph 4 Sec 13
$719,000 $244 4 bd / 4 ba 2,951 sqft , 2026-09-15

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
$3,912/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
$163,000
20% conventional investment loan

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

Estimated Gross Rent+$3,912
Principal + Interest−$4,448
Property Tax (~2.1% TX avg)−$1,426
Insurance (~0.5%)−$340
Est. Monthly Cash Flow $-2,302

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 27, 2026.

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