Active Listing  ·  82 days on market

5224 Mccormick Mountain Dr

Austin, TX 78734
$1,775,000
3 Bed 3 Bath 2,898 sqft $612/sqft Built 1994 1.06 acres Pool Travis Landing

Wake up each morning to breathtaking panoramic views of Lake Travis from this absolutely incredible home in highly desired Travis Landing! Perched on over an acre with a private backyard oasis, enjoy your own retreat with this unique 3-bedroom home. Recently updated with fresh paint and modern designer finishes, this fabulous split-level two-story home complete with generous entertaining spaces leads the way for a blissful lake living. Sweeping lake views and an open floor plan greet you as you walk into this enchanting abode. A beautifully remodeled kitchen with quartz countertops, fabulous dining area and inviting family room with fireplace are all situated on the main level. The spacious media room, built-in study station and two well-appointed secondary bedrooms with Jack-and-Jill bath are found on the lower level. Going up to the upper level, you will find the office/additional living area and the fabulous primary suite with fireplace that connects to a double-vanity bath with glass shower and large walk-in closet. All areas of the home flow seamlessly to the multiple patios and balconies for true enjoyment of the lake and the surrounding Texas hill country. The massive backyard with covered patio, sparkling pool and large mature trees will without a doubt be the spot for future entertaining. Extraordinary amounts of storage in the separate utility room, carport with shed, concrete lawnmower shed with electric, and lovely greenhouse with power attached. Easy access to 620, shopping, dining, entertainment and more! Located within the exemplary-rated Lake Travis ISD, this stunning hill country sanctuary is ready to be enjoyed! Outdoor amenities include a pool, hot tub, fire pit, grill and more. The Private Driveway includes 2 outdoor parking spaces + a 2 car garage. This is your opportunity to own your own beach oasis.

At $612/sqft, this home is priced 57% 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

5224 Mccormick Mountain Dr, Austin, TX 78734

Property Details

Price $1,775,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,898 sqft
Lot Size 1.06 acres (45,977.58 sqft)
Year Built 1994
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Landing
County Travis
Zip Code 78734
$/sqft $612/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $18,072.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230111380
List Date May 14, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
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
3112 Clawson Rd
THEODORE HEIGHTS
$1,775,000 $809 3 bd / 3 ba 2,194 sqft , 2026-05-28
3007 Village Dr
Highland Village Sec 02 Pt 02
$1,770,000 $663 4 bd / 4 ba 2,671 sqft , 2026-07-06
1604 Cliffwood Dr
Aqua Monte
$1,795,000 $815 3 bd / 3 ba 2,202 sqft , 2026-05-14
10229 Oliver Dr
ABS 118 SUR 58 BAXTER W P ACR 5.30
$1,795,000 $598 3 bd / 3 ba 3,000 sqft , 2026-06-16
1511 Chelsea Ln
Santiago Del Valle Surv Abs #2
$1,799,900 $724 4 bd / 3 ba 2,486 sqft , 2026-04-29

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
$8,520/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
$355,000
20% conventional investment loan

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

Estimated Gross Rent+$8,520
Principal + Interest−$9,687
Property Tax (~2.1% TX avg)−$3,106
Insurance (~0.5%)−$740
Est. Monthly Cash Flow $-5,013

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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