Active Listing  ·  91 days on market

15200 Storm Dr

Austin, TX 78734
$989,900
3 Bed 3 Bath 1,639 sqft $604/sqft Built 2001 1.85 acres 1-Car Garage Pool Cardinal Hills Estates Unit 14

LIVE/ WORK PROPERTY

1,639 SF Home | 1,200 SF Shop w/ Bath & 20' Ceilings | ~1.85 Acres | Gated & Fenced | No HOA

Rare Live/Work Opportunity in Cardinal Hills Estates (between Lakeway & Hudson Bend) — No HOA

Tucked away on nearly 2 acres in the heart of the 78734 zip code, this unique property delivers the privacy, flexibility, and views that are nearly impossible to find this close to Lake Travis. The updated 1,639 SF single-story home is move-in ready, while the real standout is the fully finished, gated 1,200 SF metal building featuring soaring 20' ceilings and a private bathroom — ready for your vision as a workshop, studio, garage, or business operation.

Whether you're a contractor, hobbyist, or entrepreneur looking to work where you live, this property checks every box. The fully fenced and gated lot offers exceptional security and seclusion, while elevated Hill Country views remind you exactly where you are. Oversized parking accommodates trucks, trailers, RVs, or equipment with ease.

Located minutes from FM 620, Lake Travis, and the shops and restaurants of Lakeway, with the breathing room of nearly 2 acres and zero HOA restrictions.

At $604/sqft, this home is priced 54% 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

15200 Storm Dr, Austin, TX 78734

Property Details

Price $989,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 1,639 sqft
Lot Size 1.85 acres (80,625.2 sqft)
Year Built 2001
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cardinal Hills Estates Unit 14
County Travis
Zip Code 78734
$/sqft $604/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,345.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228791018
List Date May 5, 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
1600 Barton Springs Rd #5406
Bartonplace Condo
$990,000 $620 2 bd / 3 ba 1,597 sqft , 2026-06-05
1312 Hurst Holw
Brooks Hollow Resub
$988,000 $619 2 bd / 2 ba 1,596 sqft , 2026-06-20
3904 Tom Miller St
Mueller Sec 11
$987,000 $492 3 bd / 2 ba 2,005 sqft , 2026-07-08
900 S 2nd St #20
Bouldin Court Condos
$985,000 $597 3 bd / 3 ba 1,650 sqft , 2026-03-17
1806 Rogge Ln
Delwood 04 East Sec 02
$985,000 $519 3 bd / 2 ba 1,898 sqft , 2025-08-08

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
$4,752/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
$197,980
20% conventional investment loan

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

Estimated Gross Rent+$4,752
Principal + Interest−$5,402
Property Tax (~2.1% TX avg)−$1,732
Insurance (~0.5%)−$412
Est. Monthly Cash Flow $-2,794

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →