Active Listing  ·  20 days on market

5307 Tortuga Trl

Austin, TX 78731
$4,850,000
4 Bed 6 Bath 3,858 sqft $1,257/sqft Built 2001 0.43 acres 2-Car Garage Pool Waterfront Mount Bonnell Shores

Experience exceptional Lake Austin living from this stunning lakeside retreat situated minutes from downtown and ideally positioned at the mouth of Dry Creek inlet with minimal boat traffic. The private two-story boat dock features a party deck on top, and a motorized boat lift to securely store your boat out of the water. Designed for year-round entertaining, the outdoor oasis features a resort-style pool and spa, built-in outdoor kitchen with gas grill, fire pit, a private sandy beach, and expansive lawn leading to the water’s edge that can easily be accessed using the included golf cart. Inside, the lake-facing primary suite captures breathtaking views of Lake Austin, the Bright Leaf Preserve from both the bedroom and its private balcony. There are two ensuite bedrooms sharing the upper level with the primary suite, and a fourth ensuite bedroom on the ground level. This remarkable home offers the perfect blend of privacy, comfort, and unforgettable waterfront living.

At $1,257/sqft, this home is priced 221% 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

5307 Tortuga Trl, Austin, TX 78731

Property Details

Price $4,850,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 2
Living Area 3,858 sqft
Lot Size 0.43 acres (18,543.49 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mount Bonnell Shores
County Travis
Zip Code 78731
$/sqft $1,257/sqft
Days on Market ,
HOA $160/Annually
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT235745460
List Date July 15, 2026
Elementary School Highland Park
Middle School Lamar (Austin ISD)
High School McCallum
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.

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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
300 Bowie St #PH2
Spring Condo Amd
$4,750,000 $1,314 3 bd / 4 ba 3,615 sqft , 2026-06-02
610 Davis St #4704
The Modern Austin Residences
$4,725,000 $1,438 5 bd / 6 ba 3,285 sqft , 2025-08-26
2212 River Hills Rd
Deer Creek
$4,995,000 $1,540 4 bd / 3 ba 3,243 sqft , 2026-02-25
1216 Eternity Ter
The Overlook at Westlake
$4,329,588 $877 5 bd / 6 ba 4,937 sqft , 2026-05-23
4300 Amarra Dr #6
Amarra Cottages Condos
$4,250,000 $1,055 4 bd / 5 ba 4,027 sqft , 2026-05-08

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
$23,280/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
$970,000
20% conventional investment loan

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

Estimated Gross Rent+$23,280
Principal + Interest−$26,468
Property Tax (~2.1% TX avg)−$8,488
Insurance (~0.5%)−$2,021
Est. Monthly Cash Flow $-13,697

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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