Active Listing  ·  13 days on market

3808 Balcones Dr

Austin, TX 78731
$22,000,000
5 Bed 11 Bath 15,000 sqft $1,467/sqft Built 2027 1.19 acres 7-Car Garage Pool Colorado Foothills Sec 02

Set behind private gates on prestigious Balcones Drive, The Gatsby is the ultimate trophy estate, where exceptional scale, craftsmanship, and timeless design converge. Spanning approximately 15,000 square feet across 1.19 beautifully landscaped acres, this remarkable residence offers seven bedrooms, eight full baths, three half baths, and an extraordinary collection of luxury amenities.

Designed for grand entertaining and everyday living, the estate features a private wellness center with gym, sauna, and cold plunge, custom whiskey room, temperature-controlled wine cellar, elevator, private office with separate entry, dedicated playroom, and a resort-style pool with grotto.

At the heart of the home, a showpiece kitchen features rift-sawn white oak cabinetry, Wolf and Sub-Zero appliances, and a full catering kitchen, complemented by exceptional materials and custom finishes throughout.

The primary suite occupies its own private wing with a fireplace, dedicated vanity, an extraordinary walk-in closet, and beautifully appointed bath.

Two separate guest houses provide exceptional privacy and flexibility for family, guests, or staff. Seven garage spaces, room for vehicle lifts, and generous additional parking accommodate an impressive automotive collection.

With its remarkable scale, extensive amenities, lush grounds, and coveted Balcones Drive setting, The Gatsby represents one of Austin’s most exceptional private estate offerings.

At $1,467/sqft, this home is priced 276% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3808 Balcones Dr, Austin, TX 78731

Property Details

Price $22,000,000
Status Active Listing
Beds 5
Full Baths 8
Half Baths 3
Living Area 15,000 sqft
Lot Size 1.19 acres (51,836.4 sqft)
Year Built 2027
Garage 7 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Colorado Foothills Sec 02
County Travis
Zip Code 78731
$/sqft $1,467/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $132,090
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250091009
List Date October 30, 2026
Elementary School Casis
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Casis · O Henry · Austin

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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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
$105,600/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
$4,400,000
20% conventional investment loan

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

Estimated Gross Rent+$105,600
Principal + Interest−$120,063
Property Tax (assumed ~2.1%)−$38,500
Insurance (assumed ~0.5%)−$9,167
Est. Monthly Cash Flow $-62,130

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 · 41 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. The written content was last updated on November 3, 2026.

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

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