Active Listing  ·  47 days on market

12417 River Bnd #8

Austin, TX 78732
$3,850,000
5 Bed 5 Bath 3,560 sqft $1,081/sqft Built 2007 0.31 acres 2-Car Garage Pool Waterfront Freund Sleepy Hollow Lake Aust

Originally designed by J. Bryant Boyd and recently updated, this Lake Austin waterfront residence is built for the way you actually want to live: inside, outside, and on the water.

Five bedrooms and five baths, including a primary suite with its own private lake-view terrace, soaking tub, and dual vanities. The main living area and kitchen sit on the upper level to capture the best views, while the lower level opens directly to the lake with a second full kitchen, a bar, an exterior shower, and a fire pit. Two levels of terrace space and two fireplaces mean every gathering space is thoughtfully planned, designed to flow effortlessly from one to the next.

Your private dock and boat slip include a spiral staircase up to a party deck made for sunset watching. The 0.3-acre lot sits on a quiet cul-de-sac, shaded by mature trees, with direct waterfront access. And world-class dining and serenity are close at hand, with Lake Austin Spa Resort just steps away.

This is a stretch of Lake Austin most people don't know exists. Step off your dock and you're minutes from Ski Shores, Austin Country Club, and the best the lake has to offer. By the Fourth of July, there's no finer seat in the city for watching fireworks light up the water than your own boat deck.

The original, authentic Austin lake life, refined.

At $1,081/sqft, this home is priced 176% 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

12417 River Bnd #8, Austin, TX 78732

Property Details

Price $3,850,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths ,
Living Area 3,560 sqft
Lot Size 0.31 acres (13,612.5 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Freund Sleepy Hollow Lake Aust
County Travis
Zip Code 78732
$/sqft $1,081/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $33,343.77
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT236865760
List Date June 18, 2026
Elementary School River Ridge
Middle School Canyon Ridge
High School Vandegrift
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 →

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
18 Sundown Pkwy
Westlake Oaks
$3,875,000 $939 4 bd / 4 ba 4,126 sqft , 2026-05-12
4401 Amarra Dr #17
Amarra
$3,899,000 $943 4 bd / 5 ba 4,136 sqft , 2026-06-05
2108 Matthews Dr
Laurel Heights
$3,899,000 $1,285 4 bd / 4 ba 3,034 sqft , 2026-08-02
501 Drawbridge Rd
Camelot
$3,900,000 $1,582 5 bd / 2 ba 2,466 sqft , 2026-05-30
3214 Smoky Rdg
Oak Shores On Lake Austin Sec
$3,950,000 $1,646 4 bd / 2 ba 2,400 sqft , 2025-09-26

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
$18,480/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
$770,000
20% conventional investment loan

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

Estimated Gross Rent+$18,480
Principal + Interest−$21,011
Property Tax (~2.1% TX avg)−$6,738
Insurance (~0.5%)−$1,604
Est. Monthly Cash Flow $-10,873

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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