Active Listing  ·  360 days on market

300 Stone Ridge Dr

Austin, TX 78734
$479,900
3 Bed 1 Bath 1,344 sqft $357/sqft Built 1960 0.36 acres Pool Round Mountain

Charming Cottage Fixer-Upper in Lakeway – Blocks from Lake Travis!

Opportunity knocks in the heart of the Texas Hill Country! This 3-bedroom, 1-bath cottage offers 1,344 square feet of potential on an oversized lot—just blocks from Lake Travis, the marina, restaurants, and shopping. Whether you're an investor, weekend renovator, or someone with a vision for lakeside living, this property is ready for transformation.

Inside, you'll find a cozy layout with vintage charm and room to reimagine .With a large covered stone patio, the expansive lot provides space to expand, landscape, or create your dream outdoor retreat. With its unbeatable location, this home is a canvas waiting for your personal touch.

Located in the desirable Lakeway area, this property offers the rare chance to own near Lake Travis at an accessible price point. Bring your creativity and make this cottage shine

At $357/sqft, this home is 9% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

300 Stone Ridge Dr, Austin, TX 78734

Property Details

Price $479,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,344 sqft
Lot Size 0.36 acres (15,799.21 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Round Mountain
County Travis
Zip Code 78734
$/sqft $357/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,360.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT207115332
List Date September 27, 2025
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.

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
267 Mooring Cir
Lohmans Crossing Estates Sec 2
$422,500 $290 3 bd / 2 ba 1,458 sqft , 2026-06-18
16108 Aqua Azul Path
Stewart B K
$400,000 $276 2 bd / 2 ba 1,450 sqft , 2026-08-04
16019 Agua Vis
NA
$360,000 $348 3 bd / 2 ba 1,033 sqft , 2026-03-13
275 Mooring Cir #B
Lohmans Crossing Estates Sec 2
$349,999 $316 2 bd / 2 ba 1,109 sqft , 2026-08-01
275 Mooring Cir #A
Lohmans Crossing Estates Sec 2
$319,000 $288 2 bd / 2 ba 1,109 sqft , 2026-04-17

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
$2,304/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
$95,980
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,619
Property Tax (~2.1% TX avg)−$840
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,355

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 July 16, 2026.

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