Active Listing  ·  400 days on market

4703 Laguna Ln None

Austin, TX 78746
$3,500,000
3 Bed 2 Bath 2,250 sqft $1,556/sqft Built 1970 0.77 acres Pool Waterfront Logsdon Roy & E C

Rare Double Lot, Waterfront Opportunity Near Austin Country Club with Boat Dock Permits

A truly rare opportunity awaits in one of Austin’s most coveted neighborhoods, zoned to Eanes ISD. Situated on a private cul-de-sac adjacent to the prestigious Austin Country Club, this unique offering includes two adjacent waterfront lots totaling approximately 0.77 acres, each permitted for a one-slip boat dock.

Backed by the peaceful pond of Windy Cove and offering direct water access from inlet lake to Lake Austin via channel, this property combines privacy, convenience, and potential. Towering, mature trees of varying species provide a natural canopy, while layered foliage enhances the sense of privacy across both lots.

The existing one-story residence spans approximately 2,250 square feet and rests on a .395-acre lot, with an additional .376-acre lot directly to the north. The home features 3 bedrooms and 2 bathrooms and has the potential to produce income as a short-term rental. Whether you choose to update the current home or bring your own vision with a custom build, the setting is ideal for creating a serene lakeside retreat.

Opportunities like this—offering size, privacy, dual dock permits and income potential on Lake Austin—are exceedingly rare.

*The home on .395 acres is available separately, see Agent for more information.

At $1,556/sqft, this home is priced 298% 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

4703 Laguna Ln None, Austin, TX 78746

Property Details

Price $3,500,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,250 sqft
Lot Size 0.77 acres (33,558.62 sqft)
Year Built 1970
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Logsdon Roy & E C
County Travis
Zip Code 78746
$/sqft $1,556/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT201197039
List Date June 30, 2025
Elementary School Bridge Point
Middle School Hill Country
High School Westlake
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 · June 30, 2025 $3,895,000
Previous ask $3,894,500
Current ask $3,500,000
Reduced $395,000 (-10.1%) 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
210 Lavaca St #2301
Condo
$3,500,000 $1,792 2 bd / 3 ba 1,953 sqft , 2026-01-27
10500 W SH 71 None #909
White Rocks Entertainment
$3,442,281 $1,844 2 bd / 3 ba 1,867 sqft , 2026-06-12
1406 W 9th St #301
Westline Austin
$3,350,000 $1,148 3 bd / 3 ba 2,919 sqft , 2025-03-18
2905 Stratford Dr
Bluffington Sec 02
$3,700,000 $1,511 4 bd / 2 ba 2,448 sqft , 2026-06-08
610 Davis St #3804
The Modern Austin Residences
$3,266,250 $1,405 3 bd / 4 ba 2,324 sqft , 2026-06-23

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
$16,800/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
$700,000
20% conventional investment loan

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

Estimated Gross Rent+$16,800
Principal + Interest−$19,101
Property Tax (~2.1% TX avg)−$6,125
Insurance (~0.5%)−$1,458
Est. Monthly Cash Flow $-9,884

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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