Active Listing  ·  18 days on market

12609 Lyndon Dr

Austin, TX 78732
$1,995,000
4 Bed 4 Bath 4,106 sqft $486/sqft Built 1977 0.78 acres 3-Car Garage Pool Hughes Park Lake 02

The Crown Jewel of Strawberry Hill: Panoramic Grandeur Above Lake Travis. Perched at the top of the landscape, this exceptional 4,106-square-foot Spanish estate is a masterwork of privacy and panoramic beauty. Spanning ¾ of an acre, the residence offers an unparalleled vantage point, from the upper deck and crows nest, where the breathtaking vistas of the Texas Hill Country, glittering city skylines, and the winding beauty of Lake Travis serve as your daily backdrop. Designed to balance grand-scale entertaining with intimate moments of quiet luxury. The stunning executive office provides a captivating setting that elevates any professional endeavor, while the chef’s kitchen stands ready for culinary artistry. The kitchen is complemented by a butler’s pantry, featuring expansive cabinetry, dedicated space for additional refrigeration, and advanced electrical infrastructure, ensuring that hosting is effortless and elegant. The primary suite serves as a true retreat, complete with a spa-inspired steam shower and jetted tub, while a sophisticated whole-house hot water system ensures immediate, constant comfort. The grounds have been curated into a personal resort of rare seclusion. Dive into the striking negative-edge pool and spa—a private oasis where swimsuits are optional. Beyond the water, cultivate your passions on your custom, lighted putting green, enjoy the convenience of a well-appointed outdoor kitchen, or nurture year-round gardening in your dedicated, sprinkler-equipped greenhouse. The exterior features a manicured lawn, a sprawling circular driveway and extensive storage solutions, including a discreetly fenced dual-storage area. Completely gated and secure, this estate is further enhanced by a comprehensive property-wide mosquito control system, operated by remote, ensuring your outdoor living remains uninterrupted. With an attached two-car garage, a shop, and a detached 3rd car garage, this is one-of-a-kind.

At $486/sqft, this home is priced 24% 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

12609 Lyndon Dr, Austin, TX 78732

Property Details

Price $1,995,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 4,106 sqft
Lot Size 0.78 acres (33,968.09 sqft)
Year Built 1977
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hughes Park Lake 02
County Travis
Zip Code 78732
$/sqft $486/sqft
Days on Market ,
HOA $300/Annually
Annual Tax Est. $18,835.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237071603
List Date July 17, 2026
Elementary School Steiner Ranch
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.

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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
2706 Pearce Rd
Manana West
$1,995,000 $418 5 bd / 6 ba 4,775 sqft , 2025-12-05
310 Bella Montagna Cir
Bella Montagna
$1,995,000 $417 5 bd / 5 ba 4,779 sqft , 2026-03-24
6100 Gena Ct
Allandale West Sec 05
$1,995,000 $633 4 bd / 4 ba 3,153 sqft , 2026-05-14
1321 Wilderness Dr
Beecave Woods Sec 02
$1,995,000 $642 4 bd / 3 ba 3,106 sqft , 2026-06-10
4515 and 4517 Avenue D None
Hyde Park Annex
$1,995,000 $604 4 bd / 4 ba 3,304 sqft , 2026-06-15

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
$9,576/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
$399,000
20% conventional investment loan

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

Estimated Gross Rent+$9,576
Principal + Interest−$10,888
Property Tax (~2.1% TX avg)−$3,491
Insurance (~0.5%)−$831
Est. Monthly Cash Flow $-5,634

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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