Active Listing  ·  138 days on market

1700 Buffalo Gap Rd

Austin, TX 78734
$3,999,000
3 Bed 4 Bath 3,150 sqft $1,270/sqft Built 1971 3.00 acres Pool Waterfront N/A

176’ of Lake Travis waterfront paired with over 3 acres inclusive of the neighboring 1.41-acre lot—this is a rare combination of shoreline, space, and flexibility. Properties like this don’t come around often. The waterfront is ready to use with a floating boat dock for easy lake access, while Trex decking and wrought-iron railing at the boathouse add durability and a clean finish. Outdoor living is expansive, featuring multiple decks, covered and open patios, and a large terrace for outdoor gatherings. The extra lot opens the door for future improvements—pool, guest house, cabana—or simply maintaining privacy and additional space along the lake. Inside, the home features custom design throughout with detailed finishes, shiplap accents, and tall ceilings. The open-concept layout connects a spacious living area with gas fireplace, a media/flex space with beverage station, and a well-appointed kitchen with custom cabinetry, quartz surfaces, brick backsplash, farmhouse sink, walk-in pantry, and JennAir gas range. Two primary suites provide flexibility, including a main-level suite with spa-style bath, double vanity, walk-in shower, and large closet. Additional features include a metal roof, built-in bar, exterior storage, and rare parking for the area. Expansive waterfront. Acreage. Future potential. Lake Travis living with room to grow.

At $1,270/sqft, this home is priced 225% 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

1700 Buffalo Gap Rd, Austin, TX 78734

Property Details

Price $3,999,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,150 sqft
Lot Size 3.00 acres (130,680 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision N/A
County Travis
Zip Code 78734
$/sqft $1,270/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $20,077.97
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT223156646
List Date March 19, 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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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 · March 19, 2026 $4,250,000
Current ask $3,999,000
Reduced $251,000 (-5.9%) 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
2021 Ford St
Sun Terrace
$3,999,000 $949 4 bd / 6 ba 4,213 sqft , 2026-06-18
501 West Ave #3803
Fifth & West
$3,999,999 $1,417 3 bd / 4 ba 2,822 sqft , 2026-04-03
1810 Rockcliff Rd
Windy Cove
$3,995,000 $1,806 4 bd / 3 ba 2,212 sqft , 2026-05-18
8317 CARRANZO Dr
Amarra Drive
$3,995,000 $963 4 bd / 5 ba 4,150 sqft , 2026-07-20
3214 Smoky Rdg
Oak Shores On Lake Austin Sec
$3,950,000 $1,646 4 bd / 2 ba 2,400 sqft , 2025-09-26

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
$19,195/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
$799,800
20% conventional investment loan

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

Estimated Gross Rent+$19,195
Principal + Interest−$21,824
Property Tax (~2.1% TX avg)−$6,998
Insurance (~0.5%)−$1,666
Est. Monthly Cash Flow $-11,293

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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