Active Listing  ·  55 days on market

303 Lago Verde Rd

Austin, TX 78734
$4,195,000
3 Bed 2 Bath 2,426 sqft $1,729/sqft Built 1963 0.69 acres 6-Car Garage Pool Waterfront Rio Vista Add

Nestled along the shores of Lake Austin and surrounded by nature preserves, this furnished classic 3-bedroom, 2-bath lake house offers the ultimate in privacy and waterfront living. Set on almost 3/4 of an acre and 100' of waterfront, the completely updated home features warm, timeless character anchored by a cozy fireplace. Outdoor living is where this property truly shines. Expansive decks offer breathtaking lake views, and a new two-story boat dock with a 10,000 lb lift is ready for your new boat! The oversized garage fits multiple vehicles, a full-size RV, and doubles as a workshop. Seller also has a set of plans for new construction 90% complete. Broker Owner. Sold fully furnished and truly turnkey — just bring yourself and enjoy Lake Austin from day one!

At $1,729/sqft, this home is priced 342% 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

303 Lago Verde Rd, Austin, TX 78734

Property Details

Price $4,195,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,426 sqft
Lot Size 0.69 acres (29,986.7 sqft)
Year Built 1963
Garage 6 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rio Vista Add
County Travis
Zip Code 78734
$/sqft $1,729/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $26,840
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT226596684
List Date June 10, 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.

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
501 West Ave #3803
Fifth & West
$3,999,999 $1,417 3 bd / 4 ba 2,822 sqft , 2026-04-03
1700 Buffalo Gap Rd
N/A
$3,999,000 $1,270 3 bd / 4 ba 3,150 sqft , 2026-03-19
1810 Rockcliff Rd
Windy Cove
$3,995,000 $1,806 4 bd / 3 ba 2,212 sqft , 2026-05-18
3214 Smoky Rdg
Oak Shores On Lake Austin Sec
$3,950,000 $1,646 4 bd / 2 ba 2,400 sqft , 2025-09-26
2108 Matthews Dr
Laurel Heights
$3,899,000 $1,285 4 bd / 4 ba 3,034 sqft , 2026-08-02

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
$20,136/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
$839,000
20% conventional investment loan

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

Estimated Gross Rent+$20,136
Principal + Interest−$22,894
Property Tax (~2.1% TX avg)−$7,341
Insurance (~0.5%)−$1,748
Est. Monthly Cash Flow $-11,847

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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