Active Listing  ·  103 days on market

2405 Bahama Rd

Austin, TX 78733
$719,000
3 Bed 2 Bath 1,904 sqft $378/sqft Built 1996 0.28 acres 2-Car Garage Pool Austin Lake Estates Sec 02

Tucked away in the highly sought-after Austin Lake Estates, this one-of-a-kind home brims with character and charm, ready to welcome its next lucky owner. Thoughtfully updated with hardwood floors and fresh interior paint, it’s move-in ready yet offers endless potential for customization. Whether you embrace its current appeal or add your personal touch, this home is the perfect balance of comfort and opportunity.

Step inside, and you’ll find a flowing floor plan designed for both everyday living and entertaining. The entry opens into a spacious living room, while an elegant archway leads to the open-concept kitchen and dining area. The main level features two generously sized bedrooms alongside a full bath. Upstairs, the owner’s retreat is a private haven encompassing the entire second floor, complete with two closets, a beautifully reimagined full bath, and a private balcony that offers breathtaking Hill Country views.

Outside, the property is perched atop a hill, gifting you with stunning vistas while still maintaining leveled front and back yards—perfect for creating your own private oasis. The current deck invites you to relax or dine al fresco, while the blank-slate yard inspires endless possibilities. Need storage or workspace? The oversized garage has you covered with ample room for projects and organization.

Beyond the home’s features, the location is simply unbeatable. With a low 1.49% tax rate, access to the coveted Lake Park on Lake Austin, and highly acclaimed Eanes ISD schools, this Cuernavaca gem offers a lifestyle of ease, community, and natural beauty. Don’t miss the chance to make this Hill Country retreat your own!

At $378/sqft, this home is 3% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2405 Bahama Rd, Austin, TX 78733

Property Details

Price $719,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,904 sqft
Lot Size 0.28 acres (12,022.56 sqft)
Year Built 1996
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Austin Lake Estates Sec 02
County Travis
Zip Code 78733
$/sqft $378/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,793.35
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227205074
List Date April 23, 2026
Elementary School Barton Creek
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
11324 Cherisse Dr
Meridian Sec C Ph 03
$719,000 $283 4 bd / 3 ba 2,545 sqft , 2026-06-25
4020 Airport Blvd #7
Paekside Condos
$720,000 $336 3 bd / 3 ba 2,145 sqft , 2026-05-15
702 Ariana Ct
The Addie
$720,000 $511 2 bd / 3 ba 1,409 sqft , 2026-05-28
3505 Villa Ct #11
Villa Court
$720,000 $390 3 bd / 3 ba 1,845 sqft , 2026-06-05
7025 Auckland Dr
Circle C Ranch Ph A Sec 05
$720,000 $283 3 bd / 3 ba 2,545 sqft , 2026-06-11

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
$3,451/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
$143,800
20% conventional investment loan

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

Estimated Gross Rent+$3,451
Principal + Interest−$3,924
Property Tax (~2.1% TX avg)−$1,258
Insurance (~0.5%)−$300
Est. Monthly Cash Flow $-2,031

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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