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11029 Arroyo Canyon DR
About This Property
Set within an exclusive gated enclave of just twelve homes, this 5.48-acre Hill Country sanctuary delivers some of the most breathtaking canyon views in the Austin area. Resort-style pool with waterfalls and spa, expansive flagstone terraces, outdoor fireplace lounge, and a private quarter-mile hiking trail complete the outdoor experience. The property operates on its own water well and rainwater catchment irrigation - true self-sufficiency screened by native landscaping and absolute privacy.
Inside: a main-floor primary suite with canyon views and spa bath, second main-floor guest suite, two additional en-suite bedrooms upstairs, chef's kitchen, formal office, game room, and climate-controlled flex space off the two-car garage. With 5.48 acres thoughtfully sited, there's still room to add a sports court, car barn, or additional structure.
Beyond the gates, the neighborhood's private Barton Creek park is a short walk, bike, or golf cart ride away - reserved exclusively for residents. Minutes to Bee Cave, Hill Country Galleria, and Whole Foods. Zoned to Lake Travis ISD. 11029 Arroyo Canyon Drive isn't a compromise between privacy and proximity - it's proof you don't have to choose.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2026 | Price Decreased |
$3,295,000
↓ $400K
(10.8%) | |
| Price Decreased | |||
| Mar 18, 2026 | Listed by Compass RE Texas, LLC | $3,695,000 | |
| Listed by Compass RE Texas, LLC | |||
| Dec 18, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 23, 2025 | Listed by Compass RE Texas, LLC | $3,695,000 | |
| Listed by Compass RE Texas, LLC | |||
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Stunning Hill Country estate in an exclusive gated enclave of just 12 homes. Set on over 5 lush acres with dramatic canyon views, 11029 Arroyo Canyon Drive offers resort-style living with unmatched privacy and elegance. The property features a show-stopping pool with cascading waterfalls and spa, multiple covered outdoor living areas, and a private quarter-mile hiking trail- an ideal retreat for those who value nature, space, and sophistication. Inside, the home is filled with natural light and refined finishes. The expansive first-floor primary suite offers a serene escape with a sitting area, dual custom closets, and a spa-like bath featuring a soaking tub, walk-in shower, and dual vanities. A first-floor guest suite with a private bath ensures ideal accommodations for visitors. Upstairs, two spacious bedrooms, each with en-suite bathrooms, provide ample space for family or guests. The floor plan is thoughtfully designed for both daily living and entertaining, with a dedicated home office, formal and casual dining areas, multiple living spaces, and a large upstairs game room. The gourmet kitchen is equipped with premium appliances, abundant cabinetry, and opens seamlessly to the main living areas. Additional conveniences include a spacious laundry room, mudroom, and a two-car garage with a conditioned flex space ideal for a home gym, studio, or workshop. Located in the acclaimed Lake Travis ISD and just minutes from Lake Travis, Hill Country Galleria, dining, shopping, and outdoor recreation, this rare property offers a luxurious lifestyle immersed in natural beauty- just a short drive from downtown Austin. A rare opportunity to own a private Hill Country compound in one of Austin’s most peaceful settings.
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| Jul 25, 2025 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017