Austin’s residential real estate market saw a decline in 2025, but the average price of the top 10 public home sales surpassed that of 2024. This development does not indicate that luxury homes are increasing in value while lower-tier properties decrease; according to the Texas Real Estate Research Center, home prices have dropped across all levels since 2022.
The rise in average sale price among the highest public transactions may be attributed to Austin’s strong private real estate market. Agents report that high-value homes, previously traded privately, have been increasingly listed on the Multiple Listing Service (MLS) this year. Traditionally, Austin has had an active off-market scene for luxury properties, but with a shift to a buyer’s market, more sellers are choosing public listings over privacy to attract competition.
As more homes priced above $10 million appear on MLS during this downturn, there is potential for even larger sales to emerge in future rankings.
The top public residential sale of 2025 was at 13330 Shore Vista Drive. The Lake Austin property sold after being listed at nearly $17 million. The five-bedroom, seven-bathroom estate covers 8,220 square feet and sits on over three acres west of Austin on the Colorado River. The seller was Abilene insurance agent William Kiker, who acquired it from Brett Moody in 2021; it was sold to an LLC managed by David J. Miller for an undisclosed amount. Bridget Ramey of Kuper Sotheby’s International Realty handled the listing.
At 3500 Bunny Run, another five-bedroom home with seven bathrooms and approximately 8,600 square feet sold for a listing price of $13 million. Compass Real Estate agents Saira Ukani and Ross Speed represented sellers Darren Kocs and Beth Hellerstedt in their May sale to Kalan Wagner.
The third-highest sale was a West Lake Hills residence at 907 Terrace Mountain Drive marketed by Cord Shiflet of Moreland Properties with its architectural pedigree as a selling point: “Dick Clark, architect. John Luce, builder. They say a picture is worth 1,000 words so I’ll just stop here.” The four-bedroom home sold from inventor Harold Shockley’s trust to one registered to Sandra Cunningham for a listed price of $9.6 million.
A waterfront home at 1401 North Weston Lane also featured among the top deals after several price reductions from its initial $13 million asking price in May 2023 down to under $9 million by September 2025 when it sold to a trust connected with Joseph Lum. Eric Moreland had the listing.
In Spanish Oaks Club Boulevard at number 5009, Norman and Cecilia Davis sold their six-bedroom contemporary property for $9 million through Peyton Tomson of The Agency Austin. The buyer was The Perseverance Trust.
Other notable sales included:
– A four-bedroom waterfront property at 5217 South Scout Island Circle listed by Joseph Longton and Kirk Lewis (Kuper Sotheby’s), which went for $8.5 million.
– A penthouse condo at Austonian (200 Congress Avenue Unit 50T), sold by Thomas J. Henry to Sir Mallory Factor and Lady Elizabeth Factor for $8.3 million; Bridget Ramey again had the listing.
– An eight-bedroom Westlake Highlands home at 2701 Slow Turtle Cove transferred from Steven Howse to Stewart Hudson for about $8 million.
– Joe Aragona sold his five-bedroom Cueva De Oro Cove house quickly after listing in September; Vijay and Rachana Iyengar purchased it for roughly $8 million via agent Cord Shiflet.
– “The Bond House” at 3500 Ranch Road 620 North—designed by O’Neil Ford—was originally listed by director Robert Rodriguez for $8.9 million before selling at an asking price of $7.9 million to Ryan Chen and Chia Jung Living Trust.
While final sale prices remain undisclosed due to privacy preferences common in high-end transactions, these figures represent asking prices as recorded publicly.
Austin remains “strongly in a buyer’s market,” particularly affecting luxury homes and condos as housing supply has reached its highest level this year (https://therealdeal.com/texas/austin/2024/07/02/austin-housing-supply-hits-highest-level-of-the-year/). As more luxury homes shift from private pocket listings into public view on MLS amid slowing sales (https://therealdeal.com/texas/austin/2024/06/28/lagging-sales-push-luxury-homes-to-mls-in-austin-where-pocket-listings-are-key/), future rankings could see even higher-priced deals disclosed.
