Active Listing  ·  82 days on market

1604 Cliffwood Dr

Austin, TX 78733
$1,795,000
3 Bed 3 Bath 2,202 sqft $815/sqft Built 1989 0.32 acres 1-Car Garage Pool Aqua Monte

Uniquely perched above Lake Austin, this home exudes warmth and charm with ample outdoor space and a tremendously sized pool and surround. Intentionally setback on the lot to maximize lake views, the fenced in front-yard makes for great green space and adds to the privacy from the street. The inviting entry door leads to an open living room with an abundance of natural light. Light flooring and designer details throughout the home enhance each space. The updated kitchen leads to a thoughtful beverage station and is the perfect transition to storage, laundry and a powder bath. Upstairs boasts three bedrooms, two bathrooms and a sizable flex space / room for entertaining. Spanning the rear of the home, the upstairs balcony is the perfect escape to the outdoors overlooking Lake Austin and the refreshing pool. Behind the 1-car garage, there is a bonus air-conditioned room separate from the house to be used to your liking, with close proximity to the pool. Conveniently located to the Lake Hills Community Association, as a resident you have the potential to join the association to enjoy the lakeside park, swimming pool, boat ramp / docks and a roped beach area.

At $815/sqft, this home is priced 108% 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

1604 Cliffwood Dr, Austin, TX 78733

Property Details

Price $1,795,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,202 sqft
Lot Size 0.32 acres (14,135.22 sqft)
Year Built 1989
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Aqua Monte
County Travis
Zip Code 78733
$/sqft $815/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,774.78
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230091146
List Date May 14, 2026
Elementary School Valley View
Middle School West Ridge
High School Westlake
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
1511 Chelsea Ln
Santiago Del Valle Surv Abs #2
$1,799,900 $724 4 bd / 3 ba 2,486 sqft , 2026-04-29
2206 Parkway None
Enfield D
$1,799,950 $886 3 bd / 2 ba 2,032 sqft , 2026-06-03
435 Brady Ln
Henry P Hill League
$1,800,000 $879 4 bd / 2 ba 2,047 sqft , 2026-07-27
5224 Mccormick Mountain Dr
Travis Landing
$1,775,000 $612 3 bd / 3 ba 2,898 sqft , 2026-05-14
3112 Clawson Rd
THEODORE HEIGHTS
$1,775,000 $809 3 bd / 3 ba 2,194 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
$8,616/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
$359,000
20% conventional investment loan

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

Estimated Gross Rent+$8,616
Principal + Interest−$9,796
Property Tax (~2.1% TX avg)−$3,141
Insurance (~0.5%)−$748
Est. Monthly Cash Flow $-5,069

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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