7
Map
$2,900,000
●
Land -
For Sale
3917 Balcones DR
Austin, TX 78731
Studio
0 Bath
$16,138
Est. Monthly
About This Property
Stately Balcones Drive is one of Austin's most beloved streets-and
now you have the rare opportunity to own over half an acre backing
to Camp Mabry. Bring your architect and imagination to re-envision
what the next chapter of 3917 Balcones Drive could be. Whether you
dream of a modern masterpiece or a timeless estate, this property
offers the perfect canvas in one of Austin's most prestigious
locations.
Unit Size
-
Days on Market
-
Land Size
0.56 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,898
HOA Dues
-
Year Built
1983
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (Unlock MLS #ACT2366476)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2026 | Listed by Compass RE Texas, LLC | $2,900,000 | |
| Listed by Compass RE Texas, LLC | |||
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 23, 2026 | Price Decreased |
$2,900,000
↓ $90K
(3%) | |
| Price Decreased | |||
| Aug 27, 2025 | Listed by Compass RE Texas, LLC | $2,990,000 | |
| Listed by Compass RE Texas, LLC | |||
   | |||
|
Stately Balcones Drive is one of Austin’s most beloved streets—and now you have the rare opportunity to own over half an acre backing to Camp Mabry. Bring your architect and imagination to re-envision what the next chapter of 3917 Balcones Drive could be. Whether you dream of a modern masterpiece or a timeless estate, this property offers the perfect canvas in one of Austin’s most prestigious locations.
| |||
Property Highlights
With View
Interior Details
Interior Features: High Speed Internet
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Level, Wooded
Lot Size Area: 24476.36
Lot Size Units: Square Feet
Lot Size Acres: 0.5619
Lot Size Square Feet: 24476.36
Water Source: Public
Financial Details
Tax Map Number: 1
Tax Assessed Value: $1,112,658
Tax Annual Amount: $22,770
Utilities Details
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Balcones Park
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Listed by: Jana Birdwell
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-05-14 04:17:31
Data Source: Unlock MLS, MLS# ACT2366476
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-05-14 04:17:31
Data Source: Unlock MLS, MLS# ACT2366476
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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