Active Listing  ·  40 days on market

2803 Manitou Dr

Austin, TX 78734
$995,000
2 Bed 2 Bath 1,638 sqft $607/sqft Built 2003 0.60 acres Pool Apache Shores Sec 3 Amended

Perched among the trees on a secluded hillside cul de sac, this iconic glass and steel masterpiece offers a living experience unlike anything else in Austin. Featured on HGTV and the filming location for several documentaries, this architect designed home is both a work of art and a successful short term rental, offering the opportunity to enjoy an extraordinary private retreat while generating income when not in use.

Originally designed as an architect's personal residence, the home features soaring 30 foot glass walls and 11 sliding glass doors that blur the line between indoors and out, creating a true treehouse experience. Expansive decks and patios surround the home with panoramic Hill Country and greenbelt views, while a dramatic rock wall and bridge entry create an unforgettable first impression.

A private trail leads to Indian Creek with seasonal waterfalls and swimming holes. The upstairs primary suite offers three private decks, while the downstairs retreat features floor to ceiling glass, an open air shower with three rain shower heads, and a jetted soaking tub for two.

Recent updates include a standing seam metal roof in 2024, a new HVAC system in 2023 with an upstairs mini split, and a new dishwasher in 2025. A rare second lot conveys with the sale, providing space for a guest house, pool, workshop, or additional privacy.

Located in Apache Shores, residents enjoy private Lake Austin access with a boat launch, lakeside park, pool, tennis and basketball courts, volleyball, soccer, disc golf, and a clubhouse. Just minutes from Lake Travis, Lakeway, the Hill Country Galleria, and about 30 minutes from downtown Austin, this one of a kind property offers exceptional architecture, natural beauty, and investment potential.

At $607/sqft, this home is priced 55% 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

2803 Manitou Dr, Austin, TX 78734

Property Details

Price $995,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,638 sqft
Lot Size 0.60 acres (26,136 sqft)
Year Built 2003
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Apache Shores Sec 3 Amended
County Travis
Zip Code 78734
$/sqft $607/sqft
Days on Market ,
HOA $45/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237603555
List Date June 25, 2026
Elementary School Lake Travis
Middle School Hudson Bend
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.

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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
555 E 5th St #2826
Five Fifty 05 Condo Amd
$995,000 $684 2 bd / 2 ba 1,454 sqft , 2026-03-25
5511 Joe Sayers Ave #A
Broadacres
$995,000 $513 3 bd / 3 ba 1,940 sqft , 2026-05-08
1205 E 9th St
Division B
$997,700 $474 3 bd / 3 ba 2,104 sqft , 2026-06-07
1201 W 39th 1/2 St #B
Dunn Add
$999,000 $566 3 bd / 4 ba 1,766 sqft , 2026-05-07
1325 Bonham Ter #C
Travis Heights
$999,900 $557 3 bd / 3 ba 1,794 sqft , 2026-04-03

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
$4,776/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
$199,000
20% conventional investment loan

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

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (~2.1% TX avg)−$1,741
Insurance (~0.5%)−$415
Est. Monthly Cash Flow $-2,810

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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