Active Listing  ·  116 days on market

15903 ALLENWOOD Dr

Austin, TX 78734
$1,295,000
4 Bed 3 Bath 2,797 sqft $463/sqft Built 2002 0.58 acres 2-Car Garage Pool Lakeland Hills Sec 02

Allenwood Contemporary Retreat offers the rare opportunity to own a luxury Lake Travis retreat that is equally suited as a full-time residence, weekend getaway, or **high-performing short-term rental investment**. With no deed restrictions, a detached guest apartment, deeded access to a private Lake Travis boat ramp, and the renowned Austin Yacht Club just a short stroll away, this property is perfectly positioned to capitalize on the area's year-round demand for vacation rentals.

Set on 0.58± beautifully landscaped acres, the contemporary residence features Acacia wood flooring, designer finishes, Minka-Aire ceiling fans, and a chef's kitchen appointed with marble countertops, Brizo fixtures, and premium Thermador appliances. The main home offers 3 bedrooms, 2 baths, and a versatile loft ideal for a home office or additional living space. Multiple decks, a screened porch, and a tranquil koi pond create inviting spaces for entertaining and relaxing.

The detached garage apartment serves as the 4th bedroom and 3rd bath, offering exceptional flexibility for guests, extended family, or additional rental accommodations. Whether your guests spend the day boating on Lake Travis, sailing from the Austin Yacht Club, or enjoying the nearby Hill Country attractions, they'll appreciate returning to this private retreat.

With furnishings available for purchase, Allenwood presents a truly turnkey opportunity to enjoy the Lake Travis lifestyle while maximizing income potential through short-term rentals.

At $463/sqft, this home is priced 19% 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

15903 ALLENWOOD Dr, Austin, TX 78734

Property Details

Price $1,295,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,797 sqft
Lot Size 0.58 acres (25,373.7 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeland Hills Sec 02
County Travis
Zip Code 78734
$/sqft $463/sqft
Days on Market ,
HOA $250/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225797707
List Date April 10, 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 →

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 · April 10, 2026 $1,395,000
Current ask $1,295,000
Reduced $100,000 (-7.2%) 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
1300 Haskell St
Free & Williams
$1,295,000 $587 4 bd / 3 ba 2,208 sqft , 2026-04-27
1175 Navasota St #2
Robertson George L
$1,294,950 $532 4 bd / 4 ba 2,435 sqft , 2025-10-10
3401 Clearview Dr
Walsh Place Div A Amd
$1,292,000 $606 3 bd / 3 ba 2,133 sqft , 2026-06-01
4906 Enchanted Ln
Park Forest Sec 02
$1,298,000 $465 4 bd / 3 ba 2,793 sqft , 2026-06-08
2838 Montebello Rd #D18
Treemont Park Amd
$1,298,000 $580 3 bd / 3 ba 2,238 sqft , 2026-07-15

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
$6,216/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
$259,000
20% conventional investment loan

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

Estimated Gross Rent+$6,216
Principal + Interest−$7,067
Property Tax (~2.1% TX avg)−$2,266
Insurance (~0.5%)−$540
Est. Monthly Cash Flow $-3,657

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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