Active Listing  ·  7 days on market

5002 Weletka Dr

Austin, TX 78734
$925,000
4 Bed 4 Bath 3,161 sqft $293/sqft Built 2000 0.67 acres 3-Car Garage Pool Travis Landing

Custom Luxury • Lake Travis Views • Resort-Style Living Timeless Texas Hill Country architecture meets exceptional custom craftsmanship in this stunning 3,161 sq. ft. residence, perfectly situated on a rare double lot beneath majestic live oaks with beautiful Lake Travis views. Designed for both comfortable everyday living and effortless entertaining, this home offers an ideal blend of elegance, warmth, and functionality. The impressive great room is the heart of the home, featuring soaring tray ceilings, rich hardwood floors, custom built-ins, a dramatic floor-to-ceiling limestone fireplace, and walls of windows that flood the space with natural light while showcasing the surrounding Hill Country landscape. The beautifully renovated chef's kitchen is equally impressive, offering custom walnut slab cabinetry, quartz countertops, premium stainless appliances, double ovens, gas cooking, a wine refrigerator, and a large center island perfect for gathering with family and friends. Indoor and outdoor living blend seamlessly as the great room opens to an expansive covered terrace overlooking the sparkling pool, oversized backyard, and Lake Travis views. Whether its holiday celebrations, game-day parties, sunset dinners, or relaxing weekends at home, this property was thoughtfully designed for entertaining and enjoying Austin's outdoor lifestyle. This double lot offers exceptional privacy and room to roam, while the three-car garage offers abundant storage for vehicles, golf carts, lake toys, and outdoor gear. Major updates completed in 2021-2022 include a renovated kitchen, new HVAC system, roof replacement, and fresh interior and exterior paint, creating a move-in-ready home with timeless style & modern convenience. Rarely does a custom home combine architectural character, quality finishes, spectacular outdoor living, and an oversized homesite in such a desirable Lake Travis location. This home is a place to gather, entertain, and create lasting memories.

At $293/sqft, this home is 25% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5002 Weletka Dr, Austin, TX 78734

Property Details

Price $925,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,161 sqft
Lot Size 0.67 acres (29,389.93 sqft)
Year Built 2000
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Landing
County Travis
Zip Code 78734
$/sqft $293/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251821062
List Date November 5, 2026
Elementary School Lake Travis
Middle School Lake Travis
High School Lake Travis
School District Lake Travis ISD

Lake Travis ISD

Lake Travis · Lake Travis · Lake Travis

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.

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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
5731 Pool Canyon Cv
Hudson Bend Colony 02
$900,000 $323 3 bd / 3 ba 2,784 sqft , 2026-10-19
14456 Agarita Rd
ABS 2345 SUR 530 MOORE W P ACR .594
$899,950 $401 3 bd / 2 ba 2,242 sqft , 2025-10-28
15505 Pescado Cir
Vista Grande
$899,900 $342 3 bd / 3 ba 2,629 sqft , 2026-09-11
5001 McIntyre Cir
Travis Landing 02 Ph 03
$849,000 $215 5 bd / 5 ba 3,951 sqft , 2026-08-22
16001 Pool Canyon Rd
Hudson Bend Colony No 2
$1,050,000 $316 4 bd / 5 ba 3,322 sqft , 2026-02-16

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
$4,440/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
$185,000
20% conventional investment loan

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

Estimated Gross Rent+$4,440
Principal + Interest−$5,048
Property Tax (assumed ~2.1%)−$1,619
Insurance (assumed ~0.5%)−$385
Est. Monthly Cash Flow $-2,612

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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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 · 41 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. The written content was last updated on November 11, 2026.

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

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