Active Listing  ·  46 days on market

3409 Lakeside Dr

Austin, TX 78723
$724,900
4 Bed 3 Bath 3,062 sqft $237/sqft Built 1972 0.21 acres 2-Car Garage Pool Lakeside University Hills

One of the best deals to hit University Hills in a long time! Situated on a prominent corner lot in the highly sought-after University Hills neighborhood, this beautifully updated 4-bedroom, 3-bath home offers over 3,000 square feet of living space and is one of the largest homes to come available in the area in the past year. Mature trees frame the property and create a sense of separation rarely found this close to Downtown Austin. A welcoming covered front porch stretches across the entire front of the home, setting the tone for the warmth and character found inside. Over the past several years, the home has undergone extensive renovations throughout, including updated flooring, modern finishes, remodeled bathrooms, and more. Designed for both everyday living and entertaining, the floor plan offers multiple gathering spaces, including a formal dining room, secondary living area, and an expansive addition that dramatically enhances the home's functionality. This oversized living space is wired for sound and provides endless possibilities for hosting guests, game days, movie nights, or large family gatherings. A dedicated bar area and flexible layout create an entertainer's dream. A fully updated bathroom is conveniently located on the main level. Upstairs, you'll find three spacious secondary bedrooms, an updated guest bathroom with an extended vanity and tub, and a generously sized primary suite filled with natural light. The primary bathroom features modern finishes and a large walk-in shower. Outside, the backyard offers a private retreat beneath the shade of mature trees. The stone patio creates the perfect setting for outdoor dining or relaxing evenings, while an additional yard area and storage shed provide extra flexibility and storage. Located approximately 10-15 minutes from Downtown Austin and UT, 10 minutes from Mueller and the restaurants along Manor Road, and 15-20 minutes from Austin-Bergstrom International Airport.

At $237/sqft, this home is 39% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3409 Lakeside Dr, Austin, TX 78723

Property Details

Price $724,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,062 sqft
Lot Size 0.21 acres (9,308.77 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeside University Hills
County Travis
Zip Code 78723
$/sqft $237/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,670.88
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235557190
List Date June 19, 2026
Elementary School Andrews
Middle School Webb
High School Lyndon B Johnson (Austin ISD)
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
1107 Taulbee Ln #B
NORTHGATE ADDN
$724,900 $299 3 bd / 3 ba 2,428 sqft , 2025-10-10
2806 Prado St
Chernosky 12
$724,900 $357 4 bd / 2 ba 2,033 sqft , 2026-07-17
8110 Ranch Road 2222 Rd #33
The Hillside
$725,000 $340 4 bd / 4 ba 2,133 sqft , 2026-04-23
6721 Empresa Dr
Sweetwater Ranch Sec 1 Village L P
$725,000 $232 5 bd / 4 ba 3,124 sqft , 2026-05-02
7000 Colberg Ct
Circle C Ranch Ph A Sec 06
$725,000 $264 4 bd / 3 ba 2,743 sqft , 2026-06-27

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
$3,480/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
$144,980
20% conventional investment loan

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

Estimated Gross Rent+$3,480
Principal + Interest−$3,956
Property Tax (~2.1% TX avg)−$1,269
Insurance (~0.5%)−$302
Est. Monthly Cash Flow $-2,047

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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