Active Listing  ·  203 days on market

15001 Dexler Dr

Austin, TX 78734
$450,000
3 Bed 2 Bath 1,161 sqft $388/sqft Built 2015 1.46 acres Pool Cardinal Hills Estates Unit 12

RARE 1+ ACRE OPPORTUNITY IN THE HEART OF LAKEWAY WITH INCREDIBLE FLEXIBILITY AND HILL COUNTRY VIEWS! Located in one of the most desirable areas near Lake Travis, this unique property offers dual zoning for both residential and commercial use, creating endless possibilities for homeowners, investors, developers, or business owners.

The expansive lot provides ample space for a custom home, office space, boutique commercial use, warehouse development, or a mixed-use live/work concept. With over an acre in a prime Lakeway location, opportunities like this are becoming increasingly rare.

The property currently features an existing manufactured home along with an RV pad equipped with hookups, offering immediate functionality for residential living, office use, rental income, or interim operations while planning future development.

Enjoy beautiful Texas Hill Country views while being just minutes from Lake Travis marinas, shopping, dining, entertainment, schools, and major commuter routes. The combination of location, usable land, dual-use zoning, and development potential makes this property truly stand out.

Whether you are looking to build, invest, operate a business, create a live/work setup, or hold valuable land in a rapidly growing area, this property offers exceptional versatility and long-term potential in the heart of Lakeway.

At $388/sqft, this home is priced in line with the Austin market average of $391/sqft across 4,642 active listings. View Austin market report →

Location

15001 Dexler Dr, Austin, TX 78734

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,161 sqft
Lot Size 1.46 acres (63,466.92 sqft)
Year Built 2015
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cardinal Hills Estates Unit 12
County Travis
Zip Code 78734
$/sqft $388/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,156.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT215077270
List Date January 13, 2026
Elementary School Lake Travis
Middle School Hudson Bend
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 →

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
7900 Clydesdale Dr
Southampton Sec 3-a
$450,000 $365 3 bd / 2 ba 1,234 sqft , 2025-11-08
504 Heartwood Dr
Community Fairview Sec 02
$450,000 $331 3 bd / 2 ba 1,358 sqft , 2026-03-19
5605 Overbrook Dr
Manor Hills Sec 03
$450,000 $329 3 bd / 2 ba 1,367 sqft , 2025-10-23
2308 Santa Rita St
Buena Vista
$450,000 $510 2 bd / 2 ba 882 sqft , 2026-01-14
1301 Webberville Rd #2
1301 Webberville Road Condos
$450,000 $322 2 bd / 3 ba 1,399 sqft , 2026-05-06

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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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