5507 Mount Bonnell Rd, Austin, TX 78731

Well-maintained and updated home on iconic Mount Bonnell Rd, bordering the Bright Leaf Preserve with grandfathered private park and Lake Austin access via Mount Bonnell Shores Colorado Crossing park—no HOA dues required. Upgrades include a custom 6’ stone wall with gated entry, extended paver driveway, and 8’ garage extension. Inside features hardwood flooring, open living/dining, updated kitchen with gas cooktop, white cabinetry, and double ovens. Primary suite opens to a full-length back deck leading to a resurfaced pool/spa (2021). Spa-like primary bath, built-ins in living room, and updated lighting throughout. Major systems include: new windows (2024), new roof & skylights (2023), HVAC (2015), spray attic insulation. The walkable attic offers conversion potential for added square footage or an apartment. A rare Austin property blending privacy and functionality.

5507 Mount Bonnell Rd draws its value first from the land and access. In Mount Bonnell Shores, this 0.4959-acre single-family property combines a nearly half-acre site with grandfathered private park and Lake Austin access through Mount Bonnell Shores Colorado Crossing park, and it does so without HOA dues. That matters in Austin 78731, where usable land, controlled access, and water-oriented neighborhood rights tend to hold weight over time. The home is in Austin ISD, with Highland Park, Lamar, and McCallum in the assigned school path.

At $1.48M, or $572 per square foot, the house offers 2,588 square feet with 4 bedrooms, 2 full baths, 1 half bath, a 2-car garage, a pool, and 1 fireplace. Built in 1992 and on the market for 135 days, it is not trying to win on raw size alone. The more important point is how the lot and improvements work together. The property borders the Bright Leaf Preserve, which gives it a stronger privacy position than many homes at this price point. A custom 6-foot stone wall with gated entry, an extended paver driveway, and an 8-foot garage extension add real function in daily use, especially for buyers who pay attention to parking, security, and storage.

Inside, the updates are practical and current. Hardwood flooring runs through the home, the living and dining areas are open, and the kitchen has been updated with a gas cooktop, white cabinetry, and double ovens. The primary suite opens directly to a full-length back deck that leads to a resurfaced pool and spa completed in 2021, which gives the outdoor area a clear connection to the interior rather than treating it as separate space. Built-ins in the living room and updated lighting improve utility without forcing a style reset.

The recent capital work is equally relevant. New windows were installed in 2024, the roof and skylights were replaced in 2023, the HVAC dates to 2015, and spray attic insulation is already in place. The walkable attic adds another layer of optionality, with potential for added square footage or an apartment. For buyers who judge long-term value by land, access, school path, and the cost of replacing major systems, this is a well-positioned Mount Bonnell asset with flexibility built into the next chapter.