Active Listing  ·  157 days on market

3107 Frijolita St

Austin, TX 78730
$1,200,000
3 Bed 3 Bath 2,998 sqft $400/sqft Built 2009 0.26 acres 2-Car Garage Pool Oak Shores On Lake Austin Sec

Elevated above Lake Austin along one of its most coveted stretches, 3107 Frijolita offers a relaxed, Santa Barbara–inspired take on lake living—private, sunlit, and effortlessly connected to the outdoors. The connection to Lake Austin is immediate—close enough to hear the quiet rhythm of boats passing just beyond the shoreline. The home is designed around its main living spaces, where expansive windows frame views of the lake through a canopy of trees. Vaulted ceilings with exposed beams and a central fireplace add warmth and character, while French doors open to a covered terrace—an easy extension of the living space for shaded afternoons and evening gatherings. The kitchen is centered for connection, featuring a generous island, commercial-grade range, dual sinks, and a dedicated bar area—well suited for gathering and effortless entertaining. Upstairs, the primary suite is set apart as a quiet retreat, offering a sense of privacy and calm with views into the surrounding trees. Deeded lake access through Ace Marina places Lake Austin just moments away. A tall, boat-ready garage is designed to accommodate watercraft and gear, with ample space for storage and lake essentials. Just a two-minute drive to Ski Shores Cafe and minutes from Emma Long Park, the location blends convenience with the natural beauty of the Hill Country. For those seeking additional flexibility, a separately platted adjacent lot is also available for purchase and currently shares the 3107 Frijolita Rd address. See MLS #3034831. The adjacent vacant lot offers a rare opportunity to expand, create a guest house, add a pool, or simply enjoy additional space and privacy. Set within one of Austin’s most iconic waterfront corridors, 3107 Frijolita captures the ease and appeal of Lake Austin living—elevated, relaxed, and close to the water. Must see! All values are approximate and to be verified, including square footage.

At $400/sqft, this home is priced 2% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3107 Frijolita St, Austin, TX 78730

Property Details

Price $1,200,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,998 sqft
Lot Size 0.26 acres (11,142.65 sqft)
Year Built 2009
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Shores On Lake Austin Sec
County Travis
Zip Code 78730
$/sqft $400/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,768.83
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226864065
List Date April 18, 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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · April 18, 2026 $1,275,000
Previous ask $1,224,000
Current ask $1,200,000
Reduced $75,000 (-5.9%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
6101 Gun Bow Ct
Davenport Ranch Ph 01 Sec 01
$1,300,000 $515 3 bd / 3 ba 2,522 sqft , 2026-09-15
2700 Pearce Rd
Manana West
$959,500 $458 4 bd / 2 ba 2,095 sqft , 2026-07-10
5901 Round Table Cv
Davenport Ranch Ph 01 Sec 03
$1,475,000 $493 4 bd / 4 ba 2,993 sqft , 2026-09-19

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
$5,760/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
$240,000
20% conventional investment loan

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

Estimated Gross Rent+$5,760
Principal + Interest−$6,549
Property Tax (~2.1% TX avg)−$2,100
Insurance (~0.5%)−$500
Est. Monthly Cash Flow $-3,389

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 September 20, 2026.

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