




$1,550,890
NAL Estimated Property Value40 Lovegrass Ln, Sunset Valley, TX, 78745
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About this property
Welcome to one of Austin's most unique leasing opportunities in highly sought-after Sunset Valley Meadows. Nestled on nearly an acre backing to a greenbelt, this exceptional property blends modern luxury, privacy, nature, and convenience. The backyard is a private resort featuring a sparkling pool and spa, gated patio ideal for pets or children, expansive fenced yard, treehouse, and putting green. Pool and spa maintenance are included in the lease. Solar panels and favorable local utility rates help keep monthly costs lower than average. Inside, the thoughtfully designed floor plan offers generous living spaces and upgrades throughout. The luxurious primary suite features plush carpeting, dual vanities, pendant lighting, a frameless glass shower with pebble flooring, soaking tub, spacious walk-in closet, and separate water closet. The main level also includes a dedicated office, secondary bedroom with adjacent half bath, formal dining room, breakfast area, large pantry, laundry room, and inviting living room with fireplace. Upstairs are three additional bedrooms, two full bathrooms, a loft, study area, and media room providing flexible space for work, study, and entertainment. A rare three-car garage, extensive outdoor space, and direct access to greenbelt trails leading toward Barton Creek make this home truly special. Sunset Valley Meadows offers estate-sized homesites with unmatched accessibility to shopping, dining, retail, downtown Austin, Austin-Bergstrom International Airport, and highly regarded public and private schools. Lovingly maintained and extensively updated between 2017 and 2020, this is a rare opportunity to enjoy the best of Austin living.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Sunset Valley
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