Active Listing  ·  191 days on market

15200 Storm Dr

Austin, TX 78734
$949,900
3 Bed 3 Bath 1,639 sqft $580/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 $580/sqft, this home is priced 49% above the Austin active market average of $390/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 $949,900
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 $580/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 Lake Travis ISD

Lake Travis ISD

Lake Travis · Hudson Bend · Lake Travis

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 5, 2026 $989,900
Current ask $949,900
▼ Reduced $40,000 (-4.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
3025 Geronimo Trl
Apache Shores 01 Instl
$1,095,000 $502 4 bd / 4 ba 2,180 sqft , 2026-11-05
15200 Lariat Trl
Cardinal Hills Estates Unit 15
$665,000 $310 3 bd / 2 ba 2,145 sqft , 2026-09-30

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
$4,560/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
$189,980
20% conventional investment loan

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

Estimated Gross Rent+$4,560
Principal + Interest−$5,184
Property Tax (assumed ~2.1%)−$1,662
Insurance (assumed ~0.5%)−$396
Est. Monthly Cash Flow $-2,682

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on October 27, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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