About This Home

Beautifully updated 3-bedroom, 2-bath home in an exclusive lakeside neighborhood with panoramic lake views! Situated on a spacious half-acre lot on a private drive at the end of Buffalo Gap, this property is surrounded by impressive multi-million-dollar waterfront estates.

Offered fully furnished, including beds, furniture, dishes, décor, and more—making this a truly move-in-ready opportunity. Enjoy the peaceful lakeside setting, beautiful views, privacy, and a low tax rate. Perfect as a full-time residence, weekend getaway, or vacation home.

At $493/sqft, this home is priced 25% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1715 Buffalo Gap Rd, Austin, TX 78734

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Property Details

Price $825,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,672 sqft

Lot Size 0.52 acres (22,481.32 sqft)

Year Built 1989

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Buffalo Gap

County Travis

Zip Code 78734

$/sqft $493/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,093.01

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT244946911

List Date August 28, 2026

Elementary School Lake Travis

Middle School Lake Travis

High School Lake Travis

School District ,

Have Questions About This Property?

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

308 Cedar Hurst Ln
Round Mountain $890,000 $451 3 bd / 3 ba 1,974 sqft , 2025-10-28

1312 Hurst Holw
Brooks Hollow Resub $988,000 $619 2 bd / 2 ba 1,596 sqft , 2026-06-20

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

$3,960/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

$165,000

20% conventional investment loan

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

Estimated Gross Rent+$3,960

Principal + Interest−$4,502

Property Tax (~2.1% TX avg)−$1,444

Insurance (~0.5%)−$344

Est. Monthly Cash Flow $-2,330

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

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 21, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1715 Buffalo Gap Rd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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