Active Listing  ·  663 days on market

9114 290 W Hwy

Austin, TX 78736
$1,850,000
2 Bed 1 Bath 1,400 sqft $1,321/sqft Built 1985 1.84 acres Pool Geneva Estates Sec 01

Unique opportunity to purchase over 250 feet of frontage on a 2-acre un-zoned corner lot fronting along 290 near Dripping Springs with 1 TXDOT curb-cut into the property from 290, another entrance from the side street off Eitel & an additional private gated entrance to the residence on Vikki Terrace. This expansive property sits outside the city limits and has also been removed from the Austin ETJ.

Multiple different buildings on the property – currently used for the owners landscaping business. 2/1 home on the property, above ground pool, mechanic shop, greenhouse, storage, well house with storage, 2 full bathrooms and laundry room building for potential income producing RV spots. Detached metal workshop building being used as a mechanics repair shop & storage building. The Residential home structure has two spacious bedrooms with closets and a full bath along with an open kitchen and living area floor plan.

The opportunities are endless with this property. It provides excellent visibility and accessibility, making it an ideal choice for a wide range of business ventures and development opportunities bordering the current Highway 290 Expansion Project from Oak Hills into the greater Dripping Springs area. Great high traffic count in addition, at just about 28,000 vehicles per day, for any new potential business!

Buyer to perform own Due Diligence.

At $1,321/sqft, this home is priced 238% 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

9114 290 W Hwy, Austin, TX 78736

Property Details

Price $1,850,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,400 sqft
Lot Size 1.84 acres (80,150.4 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · See Remarks
Subdivision Geneva Estates Sec 01
County Travis
Zip Code 78736
$/sqft $1,321/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $17,155.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT124517168
List Date October 10, 2024
Elementary School Baldwin
Middle School Small
High School Bowie
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
17019 Rocky Ridge Rd
JOLLY W T
$1,850,000 $1,652 3 bd / 2 ba 1,120 sqft , 2026-01-26
2309 Big Horn Dr
Apache Shores Sec 04
$1,890,000 $1,024 3 bd / 2 ba 1,845 sqft , 2026-03-31
210 Lavaca St #2608
Condo
$1,750,000 $1,108 2 bd / 2 ba 1,579 sqft , 2026-07-27
301 West Ave #4607
Independent Condos
$1,950,000 $1,376 2 bd / 2 ba 1,417 sqft , 2025-10-24
70 Rainey St #2201
70 Rainey Condominiums
$1,695,000 $999 2 bd / 2 ba 1,697 sqft , 2026-04-21

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
$8,880/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
$370,000
20% conventional investment loan

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

Estimated Gross Rent+$8,880
Principal + Interest−$10,096
Property Tax (~2.1% TX avg)−$3,238
Insurance (~0.5%)−$771
Est. Monthly Cash Flow $-5,225

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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