Active Listing  ·  25 days on market

2204 Rimrock Dr

Austin, TX 78738
$1,250,000
4 Bed 3 Bath 2,941 sqft $425/sqft Built 1999 0.27 acres 2-Car Garage Pool Lake Pointe Sec 05

Rare Lake Pointe views, incredible outdoor living, and a backyard built for fun set this home apart. With no back neighbor and sweeping Hill Country views, this is the kind of property where everyday life feels a little more like vacation.

The outdoor spaces are made for gathering, from the shaded patio with TV tucked behind custom wood sliders to the full outdoor kitchen, pool and spa, sport court, and shaded hangout area beneath a canopy of mature live oaks. There’s still plenty of room to play, toss a ball, and shoot hoops while listening to your favorite music through the outdoor sound system.

This is the house that naturally becomes the hangout house. Kids outside, friends gathered around the grill, someone in the pool, and everyone stopping to take in that VIEW.

One of the best lifestyle perks is Lake Pointe’s access to Lake Austin. A new double-decker community dock is currently underway and expected to be completed in October 2026, making it even easier to grab a paddleboard and head straight to the water. Families will also enjoy the large community pool, splashpad, multiple playscapes, tennis courts, hiking trails and of course one of the top-rated elementary schools in the state just a short walk from your doorstep.

Inside your will find a fully renovated space (2022) with custom features, Cat6 high-speed internet wiring throughout and built-in surround speakers

Privacy, views, outdoor entertaining, room to play and Lake Austin access, all in one of Lake Pointe’s most desirable settings. This one is anything but ordinary.

A brand NEW double-decker community dock is currently underway and expected to be completed in October 2026, making it even easier to grab a paddleboard and head straight to the water. For updates go to https://www.lakepointemud.org/projects to check status of completion.

New sod being installed on Saturday (08/29).

At $425/sqft, this home is priced 8% 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

2204 Rimrock Dr, Austin, TX 78738

Property Details

Price $1,250,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,941 sqft
Lot Size 0.27 acres (11,739.42 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lake Pointe Sec 05
County Travis
Zip Code 78738
$/sqft $425/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244593101
List Date August 29, 2026
Elementary School Lake Pointe
Middle School Bee Cave Middle School
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.

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
12012 Uplands Ridge Dr
Uplands Ph 1 The Rep Of Lo
$1,229,000 $342 4 bd / 4 ba 3,589 sqft , 2026-06-19
11619 Lake Stone Dr
Lakes Edge Residential Condos
$1,199,000 $452 4 bd / 3 ba 2,653 sqft , 2026-09-08
3009 Brittany Point Ln
Lake Pointe
$1,350,000 $425 4 bd / 3 ba 3,176 sqft , 2026-09-04
3500 Wellspring Dr
Uplands Ph 02
$1,495,000 $393 4 bd / 4 ba 3,807 sqft , 2026-08-26
1301 Minnie Dr
Lakeland Park
$1,499,999 $499 5 bd / 5 ba 3,007 sqft , 2026-07-24

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
$6,000/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
$250,000
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,188
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,531

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 8, 2026.

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