Active Listing  ·  88 days on market

1707 River Hills Rd #B & C

Austin, TX 78733
$9,500,000
5 Bed 5 Bath 6,347 sqft $1,497/sqft Built 2008 2.55 acres 5-Car Garage Pool Waterfront ABS 808 SUR 39 WOFFORD

This is a standout property on Lake Austin. With 104 feet of waterfront, and TWO lovely homes, this one-of-a-kind estate blends upscale amenities with the easy comfort of a resort lodge. Set on approximately 2.5 acres, this property offers peaceful privacy on a beautiful, tree-covered lot that gently slopes to the water, just across the lake from Emma Long Park, and in the Eanes ISD. Three bedrooms in the main house, and two beds in the secondary home, with garage space for 5 cars and a dock with boat and jet ski lifts.

The main residence has three bedrooms, two full and one half bathrooms, and offers two living areas; each designed for relaxed gathering. Rooms are intentionally scaled - comfortable, inviting, and grounded - with a quiet camp feel that favors warmth over grandeur. Natural materials like reclaimed wood flooring and understated finishes throughout, create a modern rustic style that feels authentic and refreshingly unpretentious. Two offices plus a music room/study allow for extra space to work or entertain. Easily convert one office into a 4th bedroom if needed. Upstairs you’ll find two generously sized auxiliary bedrooms with a shared bath.

The second residence encompasses 2011 sq. ft. and features an open plan with a vaulted ceiling. Built in 2018, there are two bedrooms, a spacious laundry room, a 2-car garage, a screened porch, a generous deck, and a lovely patio. The large windows and doors provide direct access to the outdoor spaces on both sides of the home. A bright, understated palette create a beautiful home that feels both welcoming and practical, offering flexibility for guests, a caretaker, or for multi-generational living.

This very private estate has an abundance of birds, trees, and wildlife, and was thoughtfully designed for connection to nature, to others, and to a slower pace. Simply stated, this property is unique among the luxury waterfront properties currently available in Austin.

At $1,497/sqft, this home is priced 283% 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

1707 River Hills Rd #B & C, Austin, TX 78733

Property Details

Price $9,500,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 6,347 sqft
Lot Size 2.55 acres (111,078 sqft)
Year Built 2008
Garage 5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision ABS 808 SUR 39 WOFFORD
County Travis
Zip Code 78733
$/sqft $1,497/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $28,418
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT229286172
List Date May 8, 2026
Elementary School Forest Trail
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.

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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 8, 2026 $10,000,000
Current ask $9,500,000
Reduced $500,000 (-5.0%) 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
2306 Bonita St
Tarrytown Oaks
$9,500,000 $1,411 6 bd / 10 ba 6,734 sqft , 2026-08-03
4646 Rockcliff Rd
WINDY COVE
$9,750,000 $1,423 5 bd / 6 ba 6,850 sqft , 2026-05-20
11941 Overlook Pass
Barton Creek Preserve Ph 03
$9,800,000 $1,564 5 bd / 6 ba 6,267 sqft , 2025-09-09
14419 Agarita Rd #D
Estates At Commanders Point
$8,999,000 $1,867 5 bd / 6 ba 4,821 sqft , 2026-07-25
12890 Park Dr
Hughes Park
$8,995,000 $1,509 5 bd / 7 ba 5,960 sqft , 2026-03-20

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
$45,600/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
$1,900,000
20% conventional investment loan

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

Estimated Gross Rent+$45,600
Principal + Interest−$51,845
Property Tax (~2.1% TX avg)−$16,625
Insurance (~0.5%)−$3,958
Est. Monthly Cash Flow $-26,828

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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