Description
Unique Lake Austin Opportunity with 3 Income-Producing Possibilities! MULTIPLE HOUSES offer a rare combination of lifestyle, flexibility, and built-in income potential. Just two blocks from Lake Austin with access to a free public boat ramp, this one-of-a-kind property blends luxury living, thoughtful design, and multiple income opportunities. The main 3-bed, 2.5-bath residence offers soaring 10-foot ceilings, English Oak wood flooring, detailed modern trim, and a stunning solid mahogany front door. The kitchen features a professional Bertazzoni oven, KitchenAid Gallery refrigerator, top-quality Asko dishwasher, built-in wine/drink fridge, all complemented by sleek concrete-look quartz countertops. A fully separate 2-bed, 2-bath apartment opens the door to a true rent and live scenariolive comfortably in the main home while generating income next door, or rent both for maximum cash flow potential. Ideal setup for multi-generational living, offering two distinct households the ability to live close while maintaining privacy and independence. Three oversized boat storage bays (10’x12’ and 31’ deep) add yet another layer of opportunity. Option to convert an additional 1,238 SQFT into live/work-space or just use for additional rental income, workshops, or secure storage for all your lake gear. The outdoor space is just as impressive and flexible. A beautiful tigerwood deck, rust-textured railing, ceiling fans for the multiple patios, decks, sitting areas, and oversized Pella windows create a seamless connection to the surrounding trees, nature and views. Designed for comfort and peace of mind, it has features like a fire suppression system, oversized smart and tank water heaters, and an oversized septic system.Located in a high appreciating area with NO HOA. If you’re looking to offset your mortgage, build income streams, or create a long-term family compound near Lake Austin, this property gives you options. Opportunities like this don’t come around often.
Details
| MLS # | 1478351 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2026 |
| Days On Site | 36 |
| Listing Provided By | Hammer Real Estate Company | Derrik Hammer |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,007 |
| Garage | 5 |
| Story(s) | 2 |
| Acreage | 0.29 |
| Water Front | Yes |
| Property View | Lake, Panoramic, River, Rural, T |
Interior
| Interior Features | Two Primary Baths, Two Primary Suties, Ceiling-High, Ceiling-Vaulted |
|---|---|
| Cooling | Attic Fan, Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Exhaust Fan, Humidity Control, Multi Units, Separate Meters, Varies by Unit, Zoned |
| Heating | Electric, ENERGY STAR Qualified Equipment, Exhaust Fan, Heat Pump, Hot Water, Propane, Propane Stove, Separate Meters |
| Appliances | Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Electric Cooktop, Electric Range, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Gas Range, Humidifier, Microwave, Propane Cooktop, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Electric Water Heater |
| Fireplaces Total | 0 |
| Window Features | Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Low-Emissivity Windows, Screens, Vinyl Windows |
| Flooring | Wood |
Exterior
| Exterior Features | Balcony, Boat Ramp, CCTYD, Exterior Steps |
|---|---|
| Roof | Composition |
| Foundation Details | Slab |
| Lot Features | Back Yard, Front Yard, Landscaped, Private, Trees-Large (Over 40 Ft), Views |
| Patio And Porch Features | Covered, Deck, Front Porch, Side Porch |
| Fencing | Partial |
| Construction Materials | Hardi Plank Type, ICAT Recessed Lighting, Attic/Crawl Hatchway(s) Insulated, ICFs (Insulated Concrete Forms), Low VOC Insulation, Spray Foam Insulation, Cement Siding |
| Security Features | Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System |
Parking
| Parking Features | Asphalt, Attached, Boat, Enclosed, Guest, Inside Entrance, Kitchen Level, Oversized, RV Garage, Storage, Workshop in Garage |
|---|---|
| Garage Spaces | 5 |
Utilities
| Utilities | Above Ground, Electricity Connected, Propane, Sewer Connected, Water Connected |
|---|---|
| Sewer | Engineered Septic, Shared Septic |
Other
| List Aor | Austin Board Of Realtors |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78732 |
| Area | RN |
| Community Name | Lakeland Park |
| School District | Leander ISD |
| Elementary School | River Ridge |
| High School | Vandegrift |
| Listing VS Median (in Lakeland Park) | |
Price: $1,499,999 low | high Med: $2,150,000 sqft: 3,007 low | high Med: 2,304 $ / sqft: $499 low | high Med: $1,124 On site: 36 low | high Med: 235.5 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 29, 2026 at 1:50:01 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78732 |
| Area | RN |
| Community Name | Lakeland Park |
| School District | Leander ISD |
| Elementary School | River Ridge |
| High School | Vandegrift |
| Listing VS Median (in Lakeland Park) | |
Price: $1,499,999 low | high Med: $2,150,000 sqft: 3,007 low | high Med: 2,304 $ / sqft: $499 low | high Med: $1,124 On site: 36 low | high Med: 235.5 | |
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