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$2,900,000

901 Cypress Grove Dr, Austin, TX, 78732

On MarketInfo
Beds6 Beds
Baths5 Bath
Baths5,847 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$495.98 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBar Fridge, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Down Draft, Exhaust Fan, Freezer, Gas Range, Microwave, Self Cleaning Oven, Water Purifier Owned, Wine Refrigerator
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Gas Grill, Lighting, Private Yard
Lot Size42,907 sqft

Building Information

Year Built2017
Stories2
Roof Type112
Garage Spaces4

Land Information

APN01295303150000
Lot Number14
SubdivisionMccormick Ranch On Lake Austin Phs 1
Land UseResidential
Legal DescriptionLOT 14 BLK A MCCORMICK RANCH ON LAKE AUSTIN PHS 1
Census Tract035100
Assessed Land Value$450,000
Assessed Improvement Value$2,202,526
Assessment Year2025

About this property

Tucked behind the gates of the exclusive McCormick Ranch enclave within Steiner Ranch, this contemporary estate offers a rare combination of privacy, scale, and thoughtful design. Set on nearly one acre in a community of just 15 homes, the property captures sweeping Hill Country views while remaining moments from the UT Golf Club. Built in 2018 by Paradisa Homes, the 5,847-square-foot residence is designed for both everyday living and effortless entertaining. Expansive windows, tall ceilings, and an open layout create a bright, connected feel throughout the main living spaces. The home includes five bedrooms, five bathrooms, and a single office offering flexibility for a variety of needs. At the center, the kitchen is equipped with Wolf appliances, a Sub-Zero refrigerator, full-size wine fridge, double islands, and under-cabinet lighting, all opening seamlessly to the living and dining areas. Sliding glass doors extend the living space outdoors to a private setting with a pool and spa, outdoor kitchen, and a fully motorized screened-in porch designed for year-round use. The setting offers a balance of open views and natural privacy, creating a quiet retreat without sacrificing convenience. Smart home integration provides control of lighting, climate, audio, security, and motorized blackout shades. A dedicated media room adds a comfortable space for entertainment. Additional features include a garage with 10-foot doors and capacity for up to five vehicles with a lift, fire suppression system, automatic lighting, and a smart water monitoring and shut-off system, fully remodeled media room, custom drapes, wallpaper and sound proofing paneling in the game room. Well positioned within Steiner Ranch, the property offers convenient access to Lake Austin, golf, dining, and outdoor recreation.

Investor Tools

Property Icon
$2,871,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,871,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,400 /month
Positive
Cash Flow Estimate:
$5,800 /month

Interested in this property?

Jennifer Ferrara

Nook Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,367/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$38,053
$2,652,526
2025
$450,000
$2,202,526
$2,652,526
No

Tax History

Year
Tax Paid
Assessed Value
2024
$38,053
$2,652,526

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,652,526
100%
0%
$0/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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