Active Listing  ·  88 days on market

2503 Manana St

Austin, TX 78730
$3,250,000
3 Bed 3 Bath 2,100 sqft $1,548/sqft Built 1976 0.32 acres 2-Car Garage Pool Waterfront Manana West

Located within a tranquil canal on Lake Austin, 2503 Manana Street represents the least expensive waterfront opportunity south of Emma Long Park - a rare chance to secure premier waterfront living in one of Austin’s most sought-after lakefront corridors. Set on .318 acre, this thoughtfully curated home offers a charming retreat with modern updates and timeless mid-century design elements, complete with a private boat slip for seamless lake access. The light-filled interiors blend classic character with contemporary upgrades, featuring warm wood tones, clean lines, and expansive windows that frame serene water views. The primary suite boasts its own private balcony, a peaceful perch to enjoy morning coffee or sunset reflections on the canal. Designed for both relaxation and entertaining, the home also includes a bunk room for additional guests and a separate guest bedroom, ensuring ample space for family and friends. Outside, the level, fenced-in yard offers a rare blend of privacy and space, making it perfect for outdoor lounging, pets, or play. Shaded by mature trees and set just moments from the beloved Ski Shores Café, this retreat provides a perfect balance of seclusion and convenience. Whether spending the day on the water, dining along the lake, or simply unwinding in the peaceful surroundings, 2503 Manana Street is an exceptional opportunity to own a slice of Austin’s sought-after lakefront lifestyle. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. Tenant occupied until July 30th - do not disturb tenant.

At $1,548/sqft, this home is priced 296% 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

2503 Manana St, Austin, TX 78730

Property Details

Price $3,250,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,100 sqft
Lot Size 0.32 acres (13,856.44 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Manana West
County Travis
Zip Code 78730
$/sqft $1,548/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,663.76
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT229342379
List Date May 8, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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
610 Davis St #3804
The Modern Austin Residences
$3,266,250 $1,405 3 bd / 4 ba 2,324 sqft , 2026-06-23
10500 W SH 71 None #909
White Rocks Entertainment
$3,442,281 $1,844 2 bd / 3 ba 1,867 sqft , 2026-06-12
1002 Jousting Pl
Camelot Sec 03
$3,000,000 $1,331 3 bd / 3 ba 2,254 sqft , 2026-03-16
210 Lavaca St #2301
Condo
$3,500,000 $1,792 2 bd / 3 ba 1,953 sqft , 2026-01-27
4703 Laguna Ln None
Logsdon Roy & E C
$3,500,000 $1,556 3 bd / 2 ba 2,250 sqft , 2025-06-30

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
$15,600/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
$650,000
20% conventional investment loan

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

Estimated Gross Rent+$15,600
Principal + Interest−$17,737
Property Tax (~2.1% TX avg)−$5,688
Insurance (~0.5%)−$1,354
Est. Monthly Cash Flow $-9,179

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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