Active Listing  ·  85 days on market

5304 Bedford None

Kingsland, TX 78639
$349,500
3 Bed 2 Bath 1,669 sqft $209/sqft Built 1985 0.21 acres 2-Car Garage Pool Lakewood Forest Unit Iii

Discover this charming, single-story waterfront/channel-front home on Lake LBJ, nestled within Kingsland’s desirable Lakewood Forest III subdivision. Spanning 1,669SF of living space, this 3BD, 2BA residence features a BONUS flex room, a open kitchen and dining, a peaceful back patio and expansive deck. Outside, a dedicated boat dock for direct canal access, a fenced backyard, a convenient storage shed, and a carport. The property also benefits from an irrigation system fed directly by a lake pump, ensuring a lush landscape with ease. Residents enjoy exclusive community amenities, including a private boat ramp, swimming dock, and fishing pier, while the neighborhood’s allowance for short-term rentals makes this an ideal choice for a second home, a permanent residence, or a lucrative investment opportunity. Experience the tranquility and recreational possibilities that come with living in this desirable Kingsland location, offering direct canal access to Lake LBJ and surrounded by picturesque wooded views. Buyer to verify all information.

At $209/sqft, this home is 58% below the Kingsland active market average of $497/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5304 Bedford None, Kingsland, TX 78639

Property Details

Price $349,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,669 sqft
Lot Size 0.21 acres (9,069.19 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakewood Forest Unit Iii
County Llano
Zip Code 78639
$/sqft $209/sqft
Days on Market ,
HOA $50/Annually
Annual Tax Est. $4,645
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238475194
List Date July 9, 2026
Elementary School Packsaddle
Middle School Llano
High School Llano
School District ,

Luke Allen (TREC #788149) has deep knowledge of Kingsland 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 Kingsland

Comparable Listings Right Now

Homes currently for sale in Kingsland 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
143 Boulder Dr
Lakewood Forest
$340,000 $205 3 bd / 2 ba 1,656 sqft , 2026-01-05
3625 Sagebrush Trl
Lakeside Heights
$339,000 $206 3 bd / 2 ba 1,645 sqft , 2026-03-23
3340 Cactus Trl
Lakeside Heights
$322,500 $228 3 bd / 2 ba 1,416 sqft , 2026-08-29
1175 Moose Trl
Lakeside Heights
$424,900 $266 3 bd / 2 ba 1,600 sqft , 2026-09-15

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
$1,678/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
$69,900
20% conventional investment loan

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

Estimated Gross Rent+$1,678
Principal + Interest−$1,907
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-987

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 Kingsland, TX

Kingsland 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 11, 2026.

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