Active Listing  ·  595 days on market

426 Summit Ridge Dr N

Point Venture, TX 78645
$335,000
3 Bed 2 Bath 1,375 sqft $244/sqft Built 1998 0.18 acres Pool Point Venture Sec 03-2

PLEASE NOTE THIS IS AN STR AND WILL FREQUENTLY BE LEASED SO PLEASE SCHEDULE WITH CO AGENT. This home features an expansive porch shaded by your very own breathtaking trees. It is perfect for relaxing and soaking in stunning views of the lake and surrounding hill country. Enjoy everything this lake town has to offer with plenty of parking on the oversized driveway for multiple vehicles, boats, golf carts, etc. Complete with a storage shed, private backyard, and recent upgrades this property is the ideal choice. The HOA amenities include a golf course, disc golf, gym, marina, pool, a 50-acre waterfront park, tennis, pickleball, clubroom, library, restaurant, and boat rental. The 50-acre waterfront park also features a boat ramp, courtesy docks, playground, covered pavilion, basketball court, sand volleyball court, and nature area. Enjoy a weekend on the lake, a meal and live music at the local floating restaurant, one of the many amenities, or a night out at the local neighborhood bar with nightly rotating food trucks!

At $244/sqft, this home is priced 9% above the Point Venture active market average of $224/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

426 Summit Ridge Dr N, Point Venture, TX 78645

Property Details

Price $335,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,375 sqft
Lot Size 0.18 acres (8,049.89 sqft)
Year Built 1998
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Point Venture Sec 03-2
County Travis
Zip Code 78645
$/sqft $244/sqft
Days on Market ,
HOA $140/Monthly
Annual Tax Est. $6,503.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT177304545
List Date February 5, 2025
Elementary School Lago Vista
Middle School Lago Vista
High School Lago Vista
School District ,

Luke Allen (TREC #788149) has deep knowledge of Point Venture and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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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 · February 5, 2025 $345,000
Previous ask $339,000
Current ask $335,000
Reduced $10,000 (-2.9%) 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 Point Venture

Comparable Listings Right Now

Homes currently for sale in Point Venture 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
113 Comanche Pt
Comanche Point Sec 3-A At Poin
$335,000 $192 3 bd / 3 ba 1,741 sqft , 2026-07-30
269 Venture Blvd S
Point Venture
$349,990 $216 3 bd / 2 ba 1,620 sqft , 2026-06-20
524 Palmer Dr
Point Venture
$320,000 $217 3 bd / 3 ba 1,474 sqft , 2026-03-06
604 Whispering Hollow Cir
Point Venture Sec 02
$350,000 $282 3 bd / 2 ba 1,243 sqft , 2026-09-18
507 Venture Blvd S
Point Venture Sec 01-B
$319,000 $187 3 bd / 2 ba 1,704 sqft , 2026-03-24

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
$1,608/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
$67,000
20% conventional investment loan

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

Estimated Gross Rent+$1,608
Principal + Interest−$1,828
Property Tax (~2.1% TX avg)−$586
Insurance (~0.5%)−$140
Est. Monthly Cash Flow $-946

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 Point Venture, TX

Point Venture 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 · 30 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. This page was last updated on September 19, 2026.

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