Active Listing  ·  156 days on market

905 CRESTONE STREAM Dr

Austin, TX 78738
$975,000
4 Bed 5 Bath 3,603 sqft $271/sqft Built 2023 0.34 acres 2-Car Garage Pool Serene Hills Sub Ph 2E; LAKEWAY

LUXURY LIVING IN THE HEART OF SERENE HILLS! This stunning home with a striking metal roof is thoughtfully designed to blend elegance, comfort, and functionality. From the moment you step inside, soaring ceilings and abundant natural light create an inviting, sophisticated atmosphere. Designed for the ease of primarily single-story living, the main level features the owner’s retreat along with two additional bedrooms-each with its own full bath and offering privacy and convenience for both family and guests. A dedicated main-level office provides a quiet and refined workspace. At the heart of the home, the open-concept living, dining, and kitchen areas flow seamlessly together, ideal for both everyday living and entertaining. Expansive windows and an oversized sliding glass door fill the space with natural light and open to the outdoor living area, creating a true indoor-outdoor connection. Upstairs, a spacious game and media room offers the perfect setting for movie nights, entertaining, or relaxing. A fourth bedroom and full bath provide additional flexibility for guests or multi-generational living, making the majority of the square footage on the MAIN LEVEL. Situated on a generous lot, the home offers a private, garden-style backyard framed by a charming stone wall that insures privacy-perfect for peaceful mornings or evening gatherings. The spacious side yard presents an excellent opportunity for a future pool or play space. Located within the highly sought-after Serene Hills community, residents enjoy access to 342 acres of scenic hike-and-bike trails, along with nearby golf courses, parks, and Lake Travis marinas. Experience the ideal balance of Hill Country serenity and modern convenience in one of Lakeway’s premier neighborhoods.

At $271/sqft, this home is 31% 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

905 CRESTONE STREAM Dr, Austin, TX 78738

Property Details

Price $975,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,603 sqft
Lot Size 0.34 acres (14,714.57 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Serene Hills Sub Ph 2E; LAKEWAY
County Travis
Zip Code 78738
$/sqft $271/sqft
Days on Market ,
HOA $255/Quarterly
Annual Tax Est. $19,649.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220984157
List Date March 1, 2026
Elementary School Serene Hills
Middle School Lake Travis
High School Lake Travis
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
3012 S 4th St #B
GROVE CONDO AMD
$975,000 $359 4 bd / 3 ba 2,713 sqft , 2026-05-07
13000 Titus Ct
Steiner Ranch
$975,000 $270 5 bd / 4 ba 3,612 sqft , 2026-05-20
8703 Bluegrass Dr
Great Hills 14-A
$975,000 $302 4 bd / 4 ba 3,225 sqft , 2026-07-02
3224 Summer Canyon Dr
Steiner Ranch Ph 02 Sec 05
$975,000 $278 4 bd / 3 ba 3,512 sqft , 2026-07-18
6405 Nusser Ln
Hielscher Sec 04
$975,000 $371 4 bd / 3 ba 2,631 sqft , 2026-07-24

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
$4,680/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
$195,000
20% conventional investment loan

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

Estimated Gross Rent+$4,680
Principal + Interest−$5,321
Property Tax (~2.1% TX avg)−$1,706
Insurance (~0.5%)−$406
Est. Monthly Cash Flow $-2,753

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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