Active Listing  ·  15 days on market

102 N Lake Hills Dr

Austin, TX 78733
$1,658,888
4 Bed 4 Bath 3,256 sqft $509/sqft Built 1983 0.55 acres 2-Car Garage Pool Lake Ridge Estates Sec 02

Hill Country Character, a wonderful over-sized lot, in this peaceful and safe Lake Hills neighborhood at 102 N Lake Hills Drive offers 3,259 SF among a beautifully treed Texas Ranch-Styled House. Elegant tile, hardwood and carpet flooring, vaulted gable ceilings, a Texan styled front-door entry offers spacious comfortable living through-out. The floor plan is flexible and functional…two comfortable primary suites anchored by an open great room, open kitchen and two living rooms offering relaxing resort feel so close to Austin! The dedicated primary suites offer retreat style full bathrooms with over-sized bathing and large showers including two separate laundry facilities. This very comfortable home has covered private patios in both the front and rear yards configured for multi-generational living or longer-term guests. The non-living areas include a sizable investment in outdoor decks and tiled patios for outdoor use and a front garden paver patio for entertaining that is wonderful to use anytime of the year! This elegant home has a detached rear two car garage and rear storage areas, and a front 4-car carport and secure driveway behind a private automated entrance gate and with street parking. The neighborhood location is exceptional: less than 20 minutes to Downtown Austin or the Domain, and several miles to the convenient Hill Country Galleria Shopping, Westlake Shopping, and Lakeway Shopping and dining in either direction! There is no HOA or Fees! New Owner can apply for membership to the Lake Hills Community Park Association that offers access to a swimming pool, Swim Club, Clubhouse Activities and Lake Austin Boating with a beachfront Park and a Boat Ramp. The home and property are located in the famed Eanes ISD with easy front-door School Bus access to Barton Creek Elementary, West Ridge Middle and West Lake High School! This is a rare opportunity to own and reside in West Austin's most distinctive semi-rural neighborhoods in a highly desirable area!

At $509/sqft, this home is priced 30% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

102 N Lake Hills Dr, Austin, TX 78733

Property Details

Price $1,658,888
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,256 sqft
Lot Size 0.55 acres (24,062.54 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lake Ridge Estates Sec 02
County Travis
Zip Code 78733
$/sqft $509/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,074.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239627320
List Date July 20, 2026
Elementary School Valley View
Middle School West Ridge
High School Westlake
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2302 E 11th St
Grandview Place
$1,659,000 $691 3 bd / 3 ba 2,400 sqft , 2026-07-25
1719 Spyglass Dr #17
Spyglass
$1,654,900 $526 4 bd / 5 ba 3,146 sqft , 2026-05-08
708 Sparks Ave
Harris Park Add
$1,665,000 $585 4 bd / 4 ba 2,847 sqft , 2026-02-20
3907 Bailey Ln
Dunn
$1,665,000 $611 4 bd / 4 ba 2,727 sqft , 2026-05-14
1700 Patterson Rd
Barton Bend
$1,650,000 $579 3 bd / 3 ba 2,851 sqft , 2026-04-25

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$7,963/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$331,778
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$7,963
Principal + Interest−$9,053
Property Tax (~2.1% TX avg)−$2,903
Insurance (~0.5%)−$691
Est. Monthly Cash Flow $-4,684

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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