Active Listing  ·  168 days on market

3111 Ski Shores Ter

Austin, TX 78730
$5,995,000
5 Bed 6 Bath 6,023 sqft $995/sqft Built 2001 0.41 acres 4-Car Garage Pool Waterfront Manana Terrace Lts

Nestled along the tranquil shores of Lake Austin, this picturesque gated waterfront residence offers a blend of luxury, quality, privacy & exceptional outdoor lakeside living. Situated on a beautifully landscaped 0.405-acre lot with +/-90 ft of waterfront, a private beach & just steps Ski Shores Cafe, this exquisite property captures sweeping Lake Austin views from nearly every vantage point. Welcome guests first through a gated & walled entrance then through solid wood arched double doors & into a grand entrance w/vaulted ceilings, stone floors & a direct view out to the negative edge pool & glistening lake. The +/-6000 SF Old World interior features 5 en suite bedrooms, 4 full bths, 2 ha bths, 2 living rooms, a formal dining room, breakfast area, a beautiful home office, an extensive workout room & 2 game/flex rooms. Custom details throughout including plaster walls, triple crown molding, copper sinks & fixtures. At the heart of the home is a gourmet kitchen w/ an oversized island surfaced in natural stone, custom cabinetry, walk-in pantry, breakfast area, granite countertops, excellent storage & a built-in desk area. The kitchen overlooks the backyard, pool & lake from large picture windows & is conveniently located just steps from the 4-car garage & laundry/mudroom. The main level also hosts a grand living room, formal dining, a family room with a salt water aquarium & a primary suite with 2 walk-in closets, double vanities, a soaking tub with stunning lake & pool views & a private entrance out to the pool/hot tub. Upstairs, a large secondary living space is complemented by 4 en suite bedrooms, a formal office with custom woodwork & coffered ceiling, a music room & gym. Outside multiple patios lead to a resort-style pool/spa with beautiful water features, fountains, a fire pit & fireplace. Watch the sunset and entertain from the upper party deck of your boat dock. House can be sold furnished.

At $995/sqft, this home is priced 154% 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

3111 Ski Shores Ter, Austin, TX 78730

Property Details

Price $5,995,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 2
Living Area 6,023 sqft
Lot Size 0.41 acres (17,641.8 sqft)
Year Built 2001
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Manana Terrace Lts
County Travis
Zip Code 78730
$/sqft $995/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $46,990.63
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT219613173
List Date February 17, 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.

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
3413 Bunny Run
Davenport West Sec 04 Ph 01
$5,950,000 $1,362 5 bd / 5 ba 4,370 sqft , 2026-07-03
2521 Harris Blvd
Pemberton Heights Sec 02
$5,900,000 $1,156 5 bd / 6 ba 5,102 sqft , 2026-05-01
16400 Hamilton Pool Rd
none
$5,875,000 $871 6 bd / 7 ba 6,745 sqft , 2026-02-06
4814 Rollingwood Dr
Timberline Terrace Sec 03
$6,250,000 $1,006 6 bd / 8 ba 6,214 sqft , 2026-07-02
12600 Lyndon Dr
Lairsen Add
$5,500,000 $820 5 bd / 7 ba 6,706 sqft , 2025-11-14

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
$28,776/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
$1,199,000
20% conventional investment loan

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

Estimated Gross Rent+$28,776
Principal + Interest−$32,717
Property Tax (~2.1% TX avg)−$10,491
Insurance (~0.5%)−$2,498
Est. Monthly Cash Flow $-16,930

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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