Active Listing  ·  410 days on market

13003 On The Lake Rd

Austin, TX 78732
$2,800,000
2 Bed 2 Bath 1,600 sqft $1,750/sqft Built 1961 0.25 acres Pool Waterfront Lakeland Park

New single slip permit, two slips (including existing slip) may be possible, buyer to verify. This property presents an exceptional canvas for a new owner or builder to create their own vision. The existing cabin is offered as-is, with the true value lying in the land. Nestled along a scenic city preserve, this prime location is just half a mile from Lake Austin Spa Resort, adjacent to Lakeland POA Park—perfect for lakeside gatherings—and near Quinlan Park, which features a public boat ramp. Exterior-only showings of the lake cabin. Zoned to Leander ISD schools including River Ridge, Canyon Ridge, and Vandegrift. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. MORE at OnTheLakeRoad.com

At $1,750/sqft, this home is priced 348% 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

13003 On The Lake Rd, Austin, TX 78732

Property Details

Price $2,800,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,600 sqft
Lot Size 0.25 acres (11,064.24 sqft)
Year Built 1961
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeland Park
County Travis
Zip Code 78732
$/sqft $1,750/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,461
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT199719682
List Date June 20, 2025
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.

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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
202 Nueces St #1405
Austin Proper
$2,995,000 $1,820 2 bd / 3 ba 1,646 sqft , 2026-05-28
10500 W SH 71 None #1003
White Rocks Entertainment
$2,501,250 $1,813 1 bd / 2 ba 1,380 sqft , 2026-06-05
200 Congress Ave #15E
Austonian Condo Community
$2,499,000 $1,303 2 bd / 2 ba 1,918 sqft , 2026-04-28
98 San Jacinto Blvd #2404
Town Lake Residences Condo
$2,495,000 $1,811 2 bd / 3 ba 1,378 sqft , 2026-07-17
610 Davis St #4301
The Modern Austin Residences
$2,425,500 $1,243 3 bd / 3 ba 1,951 sqft , 2026-05-28

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
$13,440/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
$560,000
20% conventional investment loan

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

Estimated Gross Rent+$13,440
Principal + Interest−$15,281
Property Tax (~2.1% TX avg)−$4,900
Insurance (~0.5%)−$1,167
Est. Monthly Cash Flow $-7,908

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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