4 bed, 4 bath, 3,839 sqft on 0.06 acres in Austin. Austin, TX 78731. $1,449,990. Austin ISD.
About This Home
Welcome to The Grove, a thoughtfully planned mixed-use community offering a seamless blend of modern living and central Austin convenience. Set along Shoal Creek, this walkable neighborhood is surrounded by parks, trails, and green spaces while placing shopping, fitness studios, wellness services, and notable dining options just steps away. Designed for ease and connection, The Grove is ideal for those seeking a truly low-maintenance, lock-and-leave lifestyle in the heart of the city. This elegant four-story Olivette D townhome by M Signature Homes offers 3,839 square feet with four bedrooms, four full baths, and two half baths, all accessible by a private elevator serving every level. The first-floor guest suite provides flexible space for visitors or multigenerational living. The main living level is anchored by a chef’s kitchen featuring 10-foot cabinetry, a quartz center island, and refined finishes that balance style and function. The owner’s suite is a peaceful retreat with a spa-inspired wet room that includes a freestanding soaking tub and an oversized shower. Additional highlights include multiple living areas, durable engineered hardwood flooring, two covered balconies, professional landscaping, a striking European-inspired exterior, and a two-car garage. The fourth floor adds another bedroom with a private bath, ideal for guests or a private office. Located at the corner of 45th Street and Bull Creek Road, The Grove offers quick access to downtown Austin and nearby employment centers. A pedestrian bridge connects directly to Central Market, while Shoal Creek trails invite outdoor recreation. With close proximity to shopping, dining, and cultural attractions, this home delivers an effortless lock-and-leave lifestyle in one of Austin’s most desirable central neighborhoods.
4203 Prevail Ln stands out for a rare combination in central Austin: a newly built 3,839 square foot townhouse in Austin with four bedrooms, four full baths, two half baths, and true lock-and-leave functionality. At $1.50M, or $390 per square foot, it enters the market as a 2026-built residence in Austin 78731, Travis County, inside The Grove, a mixed-use community planned around walkability, daily convenience, and direct access to green space along Shoal Creek.
For buyers who understand urban luxury, that positioning matters. The Grove is not simply a townhouse address. It is a neighborhood format that reduces friction in daily life. Parks, trails, shopping, dining, fitness, and wellness uses are integrated into the community rather than treated as a separate drive. The location at the corner of 45th Street and Bull Creek Road strengthens that advantage, with quick access toward downtown Austin and nearby employment centers. A pedestrian bridge to Central Market adds practical value that buyers will use every week, not just notice on paper.
Inside, the layout is built for flexibility across four stories, with a private elevator serving every level. That changes how the square footage functions. The first-floor guest suite works for visitors or multigenerational living without compromising privacy elsewhere in the home. The main living level centers on a chef’s kitchen with 10-foot cabinetry and a quartz island, then branches into multiple living areas that give the floor plan more range than a standard vertical townhouse. Two covered balconies extend usable space, and a two-car garage keeps the day-to-day ownership experience straightforward.
The owner’s suite is positioned as a true retreat, anchored by a wet room with a freestanding soaking tub and an oversized shower. RevWood flooring, professional landscaping, and a European-inspired exterior push the property toward a more finished product than many speculative new-build offerings. The fourth floor adds another bedroom with a private bath, which can also function well as a private office or separate guest level.
On a 0.059 acre homesite with 34 days on market, this property is best understood as a high-function, low-maintenance central Austin asset. Buyers looking for scale, new construction, walkability, and long-term location leverage in one address will recognize why this format remains scarce.
The numbers behind this insight
- Offered at
- $1,449,990
- Listed
- January 6, 2026
- Price changes
- 2, down 3.2% from $1,497,693
- Asking price per sq ft
- $378
- Property Type
- Residential
- Year Built
- 2026
- Lot Size
- 0.06 acres
- Price / Sq Ft
- $378
- HOA
- $437/mo
- Garage
- 2 spaces
Listing information last updated June 23, 2026.
Listed by Outlaw Realty
MLS# 1550992 • Pending
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Quartz Counters
- Double Vanity
- Eat-in Kitchen
- Elevator
- In-Law Floorplan
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Recessed Lighting
- Smart Thermostat
- Storage
- Walk-In Closet(s)
- Built-In Oven(s)
- Cooktop
- Disposal
- ENERGY STAR Qualified Appliances
- Exhaust Fan
- Gas Cooktop
- Microwave
- RNGHD
- Refrigerator
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Water Heater
- Tankless Water Heater
- No Carpet
- Tile
- Vinyl
- Wood
- Heating
- Central,ENERGY STAR Qualified Equipment,Exhaust Fan,Natural Gas
- Cooling
- Ceiling Fan(s),Central Air,ENERGY STAR Qualified Equipment,Exhaust Fan
Exterior & Lot
- Balcony
- Rain Gutters
- Lighting
- Pest Tubes in Walls
- Concrete
- Frame
- Glass
- ICAT Recessed Lighting
- Blown-In Insulation
- Masonry – Partial
- Radiant Barrier
- Stone
- Stucco
- Alley
- Curbs
- Front Yard
- Front Yard
- Gate
- Slab
- Covered
- Patio
- Roof
- Composition
- Lot Size
- 0.06 Acres
- Alley Access
- Attached
- Door-Single
- Garage
- Garage Door Opener
- Garage Faces Rear
- Garage Spaces
- 2
Financial
- HOA Fee
- $437 / mo
- Original List Price
- $1,497,693
- Price per Sq Ft
- $378
Utilities
- Cable Available
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4203 Prevail LN, whoever represented it.
- PendingListed 2026Current price: $1,449,990Original list: $1,497,693MLS 1550992
- Price changed · April 4, 2026$1,494,990
- Price changed · June 4, 2026$1,449,990
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Pending with current price, original ask, and market time.
- Current list
- $1,449,990
- Original list
- $1,497,693
- Price movement
- $47.7K reduction
- Listed / DOM
- Jan 6, 2026 · 282 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $51,398
- Assessment Year
- 2025
- Parcel ID
- 000000973895
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $51,398 | $51,398 | — |
Zoned Schools
Austin
O Henry
Bryker Woods
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T10:27:07.5+00:00; normalized from monthly dues.
20% ($290K)
Adjustable assumption - not a lending recommendation.
$1,449,990
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Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,449,990
Price per sqft
$378/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
282 days
Original to current
$47.7K reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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