Active Listing  ·  90 days on market

2316 Bahama Rd

Austin, TX 78733
$890,000
4 Bed 3 Bath 2,034 sqft $438/sqft Built 1981 0.29 acres Pool Austin Lake Estates Sec 02

Located less than a quarter mile from Lake Austin, this residence offers a peaceful retreat in a tree-filled community with lake access just minutes away. Nestled in desirable Austin Lake Estates, it sits beneath mature trees providing shade and privacy. Residents enjoy access to Lake Hills Community Park for swimming, picnicking, volleyball, and boat launch. Tucked from the street, the home features a covered front porch—ideal for relaxing in the Hill Country air and enjoying sunrises.

Inside, two spacious living areas showcase Saltillo tile flooring and a vintage fireplace. The formal dining room features a cathedral ceiling, wood detailing, and abundant natural light. The kitchen offers granite countertops, modern cabinetry, and built-in pantry. The main-level owner’s suite includes a walk-in closet and en-suite bath with double vanity, soaking tub, and walk-in shower. Upstairs are two bedrooms and a guest bath with updated vanity, tub/shower, and wood-clad ceiling.

A detached casita connected by a covered walkway adds flexibility with a kitchenette, bathroom, large closet, and secondary laundry—ideal for office, guest suite, studio, or STR. The backyard features multiple for entertaining and relaxing. The community park and lake access are a short stroll away, with close proximity to all Austin amenities.

At $438/sqft, this home is priced 12% 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

2316 Bahama Rd, Austin, TX 78733

Property Details

Price $890,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,034 sqft
Lot Size 0.29 acres (12,763.08 sqft)
Year Built 1981
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Lake Estates Sec 02
County Travis
Zip Code 78733
$/sqft $438/sqft
Days on Market ,
HOA $400/Annually
Annual Tax Est. $6,516
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228754281
List Date May 6, 2026
Elementary School Valley View
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.

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
2006 De Verne St
Rabb Inwood Hills
$890,000 $533 3 bd / 2 ba 1,669 sqft , 2023-10-13
308 Cedar Hurst Ln
Round Mountain
$890,000 $451 3 bd / 3 ba 1,974 sqft , 2025-10-28
1610 Harvey St #A
Division B
$890,000 $456 3 bd / 3 ba 1,951 sqft , 2026-07-03
16312 Lake Loop
Buffalo Gap
$889,000 $335 3 bd / 3 ba 2,650 sqft , 2025-08-27
3915 Tilley St
Mueller
$887,500 $396 3 bd / 3 ba 2,241 sqft , 2026-04-25

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
$4,272/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
$178,000
20% conventional investment loan

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

Estimated Gross Rent+$4,272
Principal + Interest−$4,857
Property Tax (~2.1% TX avg)−$1,558
Insurance (~0.5%)−$371
Est. Monthly Cash Flow $-2,514

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →