A recently built home in Austin’s Barton Creek neighborhood was the city’s highest-priced public sale last week. The property at 4312 Amarra Drive, constructed by Heyl Homes, went under contract after being on the market for nearly a year, according to Douglas Elliman’s Eklund Gomes team.
The final sale price was not disclosed, but the listing remained firm at $3.5 million—equivalent to $1,000 per square foot—throughout its time on the market. This contrasts with other recent high-end sales in Austin; for example, another property initially listed at $3.5 million sold last week for $2.8 million.
The house is one of six new homes built by Heyl Homes in Barton Creek and measures 3,300 square feet with three bedrooms and two bathrooms. Tim Heyl of Keller Williams handled the listing. He is related to Pat, Danny, and Mike Heyl of Heyl Homes and also serves as founder of Homeward, a proptech company that helps buyers purchase a new home before selling their existing one.
County records show that Heyl Homes secured a $2 million construction loan for this project. Although it is a single-family residence, the development falls within a condominium regime established by the Heyl Corporation.
Barton Creek is among Austin’s most expensive neighborhoods due to its natural surroundings and access to Barton Creek Country Club—a major selling point for this property.
Market conditions in Austin have shifted recently. In September, sellers outnumbered buyers by 130 percent based on data from Redfin (https://www.redfin.com/news/housing-market-update-inventory-prices-september-2023/). Local agents report less demand for luxury homes following reduced tech sector migration into Austin. Earlier this year, luxury properties had some of the highest median days on market nationwide. Consequently, price reductions have become common in many top-tier residential transactions across the city.
