Active Listing  ·  33 days on market

3107 Frijolita St

Austin, TX 78730
$1,175,000
3 Bed 3 Bath 2,454 sqft $479/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 approach to lake living—private, sunlit, and beautifully connected to the outdoors. Expansive windows frame the surrounding canopy of trees, while vaulted ceilings, exposed beams, and a central fireplace bring warmth and architectural character to the main living spaces. French doors open to a generous covered terrace overlooking Lake Austin, where views of the water and the sight and sounds of boats passing by create an inviting setting for outdoor dining, shaded afternoons, and evenings with friends. Designed for gathering, the kitchen features a generous island, commercial-grade range, dual sinks, and a dedicated bar area. Upstairs, the primary suite offers a peaceful retreat among the treetops, comfortably removed from the activity below. Deeded Lake Austin access through Ace Marine is just moments away, while an exceptionally tall boat garage provides room for watercraft, equipment, and all the essentials of life on the lake. Ski Shores Cafe is just a short drive away, with Emma Long Metropolitan Park nearby. NO HOA. A separately platted adjacent lot is also available for purchase, offering the opportunity to add a swiming pool, build a guest house, or simply enjoy additional space and privacy. The vacant lot currently shares the 3107 Frijolita Rd address. See MLS #3034831. With its distinctive architecture, inviting indoor-outdoor spaces, lake views, and deeded access to Lake Austin, 3107 Frijolita offers an appealing balance of privacy, character, and the easygoing lifestyle that makes this stretch of Austin so special. All measurements and property information, including square footage, are approximate and should be independently verified.

At $479/sqft, this home is priced 23% above the Austin active market average of $390/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 $1,175,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,454 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 $479/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,361.46
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249494112
List Date October 10, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
School District Austin ISD

Austin ISD

Highland Park · Lamar (Austin ISD) · McCallum

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
6101 Gun Bow Ct
Davenport Ranch Ph 01 Sec 01
$1,199,000 $475 3 bd / 3 ba 2,522 sqft , 2026-09-15
2700 Pearce Rd
Manana West
$955,000 $456 4 bd / 2 ba 2,095 sqft , 2026-11-06

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
$5,640/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
$235,000
20% conventional investment loan

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

Estimated Gross Rent+$5,640
Principal + Interest−$6,412
Property Tax (assumed ~2.1%)−$2,056
Insurance (assumed ~0.5%)−$490
Est. Monthly Cash Flow $-3,318

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 · 41 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. The written content was last updated on November 8, 2026.

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

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