Active Listing  ·  34 days on market

16308 Lake Loop

Austin, TX 78734
$1,115,000
4 Bed 4 Bath 3,274 sqft $341/sqft Built 2005 0.41 acres 4-Car Garage Pool Buffalo Gap

*3.5% interest rate - ask for details. Entertainer’s paradise with panoramic Hill Country and peek-a-boo Lake Travis views, featuring multiple outdoor living areas overlooking a private custom pool and waterfall. Ideally located at the closest point on Lake Travis to Downtown Austin. Property includes a private deeded boat dock in the HOA waterfront park just across the street. Sundancer Grille and Sail Ski Marina are directly across the cove. Recently remodeled main home offers 2 bedrooms (easily convertible to 3), 2.5 baths, and an open-concept reverse floor plan designed to capture sweeping views. Highlights include high ceilings, walls of windows, hardwood floors, wet bar, game room, and exceptional natural light. Kitchen features custom cabinetry, granite countertops, and glass tile backsplash. Downstairs includes a secondary bedroom, spacious game room with direct pool access, and large laundry room. Separate garage apartment with private entry offers 2 bedrooms, living area, kitchen, full bath, washer/dryer connections, and an oversized two-car garage. Total of 3,305 SF between main home and guest apartment, oversized 4-car garage, and additional parking. Low tax rate, no rental restrictions, STRs allowed. Located in acclaimed Lake Travis ISD.

At $341/sqft, this home is 13% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

16308 Lake Loop, Austin, TX 78734

Property Details

Price $1,115,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,274 sqft
Lot Size 0.41 acres (17,998.99 sqft)
Year Built 2005
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Buffalo Gap
County Travis
Zip Code 78734
$/sqft $341/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,040.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238251746
List Date July 1, 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.

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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
6816 Jester Wild Dr
Jester Point 02 Sec 08
$1,117,000 $359 4 bd / 4 ba 3,111 sqft , 2026-04-21
1204 ORLANDO Rd
AUSTIN LAKE HILLS SEC 3
$1,120,000 $477 4 bd / 3 ba 2,350 sqft , 2026-05-30
3907 Becker Ave
Country Club Heights
$1,125,000 $437 4 bd / 3 ba 2,574 sqft , 2026-02-12
5212 Crystal Water Dr
Village Park 4 At Travis Count
$1,125,000 $475 4 bd / 3 ba 2,369 sqft , 2026-05-29
13500 Coleto Creek Trl
Steiner Ranch Ph 01 Sec 06F
$1,125,000 $260 5 bd / 6 ba 4,326 sqft , 2026-06-12

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
$5,352/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
$223,000
20% conventional investment loan

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

Estimated Gross Rent+$5,352
Principal + Interest−$6,085
Property Tax (~2.1% TX avg)−$1,951
Insurance (~0.5%)−$465
Est. Monthly Cash Flow $-3,149

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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