Active Listing  ·  39 days on market

12217 Lake Stone Dr

Austin, TX 78738
$1,139,000
5 Bed 4 Bath 3,454 sqft $330/sqft Built 2000 0.25 acres 2-Car Garage Pool Lake Pointe Sec 05

Hill Country views and unmatched privacy in one of West Austin’s most prestigious communities. Move-in-ready living on a dreamy quiet cul-de-sac living along a vast wooded green belt in Lake Pointe with a breathtaking backdrop of rolling hills, towering trees, and spectacular sunsets.

Striking stone masonry, mature landscaping, and generous windows create a memorable first impression. Inside, soaring ceilings, hardwood floors, crown molding, elegant lighting, and oversized windows showcase the surrounding landscape at every turn. A formal dining room and dedicated office sit off the foyer, while the main living area is anchored by built-ins, a fireplace, and sweeping greenbelt views. The spacious kitchen blends timeless style with everyday comfort, offering granite countertops, a center island, stainless steel appliances and ample space to gather.

The flexible floor plan includes a main-level guest bedroom and full bath, while upstairs features a large bonus room, three secondary bedrooms, two full baths, and a beautifully reimagined primary suite. A private balcony off the primary overlooks the greenbelt and connects to the main deck below via a spiral staircase, while the modern remodeled ensuite bathroom serves as your daily spa-getaway. One secondary bedroom enjoys its own ensuite bath.

Outdoor living is equally impressive. The expansive deck, covered seating area, lush irrigated lawn, pollinator gardens, and wrought-iron fencing were thoughtfully designed to celebrate the property's remarkable setting without sacrificing privacy.

Lake Pointe residents enjoy exceptional amenities including a pool, splash pad, parks, trails, sport courts, Lake Austin day dock, and access to acclaimed Lake Travis ISD, all just mins from the Galleria and 14 miles from Downtown Austin.

Come experience the views, the privacy, and the rare sense of escape that makes this Lake Pointe property impossible to forget.

At $330/sqft, this home is 16% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12217 Lake Stone Dr, Austin, TX 78738

Property Details

Price $1,139,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,454 sqft
Lot Size 0.25 acres (10,733.18 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lake Pointe Sec 05
County Travis
Zip Code 78738
$/sqft $330/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. $16,827.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237612808
List Date June 26, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
High School Lake Travis
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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 26, 2026 $1,179,000
Current ask $1,139,000
Reduced $40,000 (-3.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
519 Golden Bear Dr
Flintrock At Hurst Creek Ph 07
$1,139,000 $365 4 bd / 4 ba 3,118 sqft , 2026-05-19
2201 E 9th St
Prospect At East Ninth Garden
$1,139,000 $454 4 bd / 3 ba 2,509 sqft , 2026-07-02
2000 Rio Mesa Dr
Steiner Ranch Ph 01 Sec 8e
$1,145,000 $294 4 bd / 4 ba 3,890 sqft , 2026-04-17
13 Borello Dr
Villas At Flintrock Sec 2 Condo
$1,149,000 $392 4 bd / 3 ba 2,928 sqft , 2026-06-11
12013 Palisades Pkwy
Steiner Ranch Ph 6-B
$1,150,000 $252 4 bd / 4 ba 4,558 sqft , 2025-11-12

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
$5,467/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
$227,800
20% conventional investment loan

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

Estimated Gross Rent+$5,467
Principal + Interest−$6,216
Property Tax (~2.1% TX avg)−$1,993
Insurance (~0.5%)−$475
Est. Monthly Cash Flow $-3,217

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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