Active Listing  ·  312 days on market

3214 Smoky Rdg

Austin, TX 78730
$3,950,000
4 Bed 2 Bath 2,400 sqft $1,646/sqft Built 2025 1.91 acres 2-Car Garage Pool Waterfront Oak Shores On Lake Austin Sec

Welcome to Serenity Shores — one of the most flexible and compelling opportunities currently available on Lake Austin.

Set across 1.91 private acres with dedicated lake access, this property offers what is increasingly difficult to find: usable waterfront amenities, existing livable improvements, and fully approved plans to expand into a landmark estate.

A modern 4-bedroom, 2,400-square-foot residence with pool is already in place, allowing immediate enjoyment of the property. A private gazebo at the water’s edge, shared dock easement, and boat slip create effortless access to Lake Austin — the lifestyle buyers come here for.

What sets Serenity Shores apart is its future potential. Permitted plans are approved for a 4,000-square-foot main residence atop the ridge, complete with a tennis court, pool, and three-car garage. The septic system is already sized for a five-bedroom estate, enabling a true compound without the uncertainty of entitlement risk.

The existing home reflects a warm organic-modern aesthetic, designed to maximize views and indoor-outdoor living. The upper level opens to an expansive entertaining terrace with built-in grilling and bar seating, while the lower level connects directly to the pool and landscaped grounds, surrounded by privacy and canyon vistas.

Minutes from central Austin and zoned to Highland Park Elementary, Lamar Middle, and McCallum High School, the property balances seclusion with convenience — a rare combination in the Lake Austin corridor.

Serenity Shores is not simply a home. It is a strategic Lake Austin acquisition: livable today, expandable tomorrow, and positioned to become a multi-generational estate.

At $1,646/sqft, this home is priced 321% 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

3214 Smoky Rdg, Austin, TX 78730

Property Details

Price $3,950,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,400 sqft
Lot Size 1.91 acres (83,243.16 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Shores On Lake Austin Sec
County Travis
Zip Code 78730
$/sqft $1,646/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,299.92
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT207574752
List Date September 26, 2025
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 →

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 · September 26, 2025 $4,950,000
Previous ask $4,295,000
Current ask $3,950,000
Reduced $1,000,000 (-20.2%) 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
1810 Rockcliff Rd
Windy Cove
$3,995,000 $1,806 4 bd / 3 ba 2,212 sqft , 2026-05-18
1700 Buffalo Gap Rd
N/A
$3,999,000 $1,270 3 bd / 4 ba 3,150 sqft , 2026-03-19
501 West Ave #3803
Fifth & West
$3,999,999 $1,417 3 bd / 4 ba 2,822 sqft , 2026-04-03
501 Drawbridge Rd
Camelot
$3,900,000 $1,582 5 bd / 2 ba 2,466 sqft , 2026-05-30
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
$18,960/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
$790,000
20% conventional investment loan

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

Estimated Gross Rent+$18,960
Principal + Interest−$21,557
Property Tax (~2.1% TX avg)−$6,913
Insurance (~0.5%)−$1,646
Est. Monthly Cash Flow $-11,156

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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