Active Listing  ·  29 days on market

3138 Chisholm Trl

Austin, TX 78734
$1,599,000
5 Bed 4 Bath 3,658 sqft $437/sqft Built 2022 0.42 acres 2-Car Garage Pool Apache Shores 01 Instl

Rare opportunity to own a luxury modern retreat with breathtaking panoramic canyon and water views in Lake Travis ISD. Currently operating as a successful turnkey short-term rental, current booking trends indicate annual gross rental revenue on pace for approximately $185,000. Future bookings will convey with the sale, allowing the next owner to begin generating income from day one while offering an exceptional investment opportunity, luxurious second home, or incredible primary residence.

Thoughtfully designed with 5 bedrooms, 4 full bathrooms, and an open concept floor plan, the home showcases walls of glass that capture the surrounding views and create seamless indoor outdoor living. The chef's kitchen is appointed with premium stainless steel appliances, expansive quartz countertops, a dramatic waterfall island, and sleek European inspired cabinetry. Spacious living and dining areas open effortlessly to multiple outdoor entertaining spaces overlooking the canyon and water.

Designed for year round enjoyment, the resort style outdoor living includes a heated pool and spa, fire pit, expansive patios, and an incredible rooftop deck with sweeping sunset views. The private primary suite offers its own balcony and a spa inspired bath, creating a peaceful retreat above the landscape.

Residents of Apache Shores enjoy exclusive access to the community's private Lake Austin waterfront park featuring a boat ramp, day docks, lakeside picnic areas, hiking trails, tennis and basketball courts, playgrounds, and abundant outdoor recreation. Just minutes from Lakeway and approximately 20 minutes from Downtown Austin, this exceptional property combines a peaceful natural setting with convenient access to premier dining, shopping, golf, healthcare, and highly acclaimed Lake Travis ISD.

At $437/sqft, this home is priced 12% 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

3138 Chisholm Trl, Austin, TX 78734

Property Details

Price $1,599,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,658 sqft
Lot Size 0.42 acres (18,138.38 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Apache Shores 01 Instl
County Travis
Zip Code 78734
$/sqft $437/sqft
Days on Market ,
HOA $115/Annually
Annual Tax Est. $20,392.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238412919
List Date July 6, 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
8004 Golden Oaks Ln
Goldenwood Sec 1
$1,599,000 $377 6 bd / 4 ba 4,242 sqft , 2026-05-15
1404 Justin Ln
crestview
$1,599,000 $459 6 bd / 5 ba 3,487 sqft , 2026-07-10
10103 Milky Way Dr
River Place, Milky Way at River Place
$1,599,990 $411 5 bd / 4 ba 3,895 sqft , 2025-08-04
4804 Eck Ln
L & P Prop
$1,598,000 $464 5 bd / 4 ba 3,444 sqft , 2026-07-21
5901 Round Table Cv
Davenport Ranch Ph 01 Sec 03
$1,600,000 $535 4 bd / 4 ba 2,993 sqft , 2026-03-10

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
$7,675/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
$319,800
20% conventional investment loan

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

Estimated Gross Rent+$7,675
Principal + Interest−$8,726
Property Tax (~2.1% TX avg)−$2,798
Insurance (~0.5%)−$666
Est. Monthly Cash Flow $-4,515

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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