Austin, TX 78732
Unique Lake Austin Opportunity with 3 Income-Producing Possibilities! MULTIPLE HOUSES offer a rare combination of lifestyle, flexibility, and built-in income potential. Just two blocks from Lake Austin with access to a free public boat ramp, this one-of-a-kind property blends luxury living, thoughtful design, and multiple income opportunities. The main 3-bed, 2.5-bath residence offers soaring 10-foot ceilings, English Oak wood flooring, detailed modern trim, and a stunning solid mahogany front door. The kitchen features a professional Bertazzoni oven, KitchenAid Gallery refrigerator, top-quality Asko dishwasher, built-in wine/drink fridge, all complemented by sleek concrete-look quartz countertops. A fully separate 2-bed, 2-bath apartment opens the door to a true “rent and live” scenario—live comfortably in the main home while generating income next door, or “rent both” for maximum cash flow potential. Ideal setup for multi-generational living, offering two distinct households the ability to live close while maintaining privacy and independence. Three oversized boat storage bays (10’x12’ and 31’ deep) add yet another layer of opportunity. Option to convert an additional 1,238 SQFT into live/work-space or just use for additional rental income, workshops, or secure storage for all your lake gear. The outdoor space is just as impressive and flexible. A beautiful tigerwood deck, rust-textured railing, ceiling fans for the multiple patios, decks, sitting areas, and oversized Pella windows create a seamless connection to the surrounding trees, nature and views. Designed for comfort and peace of mind, it has features like a fire suppression system, oversized smart and tank water heaters, and an oversized septic system. Located in a high appreciating area with NO HOA. If you’re looking to offset your mortgage, build income streams, or create a long-term family compound near Lake Austin, this property gives you options. Opportunities like this don’t come around often.
| MLS ID | 1478351 | |
| Status | Active | |
| Days Active | 19 | |
| Est. Tax | ||
| Lot Size | 0.294 | |
| Year Built | 2026 | |
| Total Bedrooms | 5 | |
| 1st Floor Bedrooms | 0 | |
| Full Baths | 4 | |
| Half Baths | 1 | |
| Square Feet | 3007 | |
| Price Per SqFt | $498.84 | |
| Garage Spaces | 5 | |
| Fireplace(s) | 0 | |
| Fireplace Info | ||
| Flooring | Wood | |
| Stories | Two | |
| Pool | No | |
| Courtesy of | Hammer Real Estate Company (817) 229-3405 | |
| Subdivision | Lakeland Park | |
| City | Austin | |
| County | Travis | |
| HOA | ||
| HOA Fee | $ / | |
| Water Front | No | |
| Roof | CompositionComposition | |
| Construction | ||
| Foundation | Slab | |
| Fencing | Partial | |
| Elementary School | River Ridge | |
| Elementary District | Leander ISD | |
| Middle School | Canyon Ridge | |
| Middle District | Leander ISD | |
| High School | Vandegrift | |
| High District | Leander ISD | |
| Appliances | Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Electric Cooktop, Electric Range, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Gas Range, Humidifier, Microwave, Propane Cooktop, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Electric Water HeaterBar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Electric Cooktop, Electric Range, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Gas Range, Humidifier, Microwave, Propane Cooktop, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Electric Water Heater | |
| Heating | Electric, ENERGY STAR Qualified Equipment, Exhaust Fan, Heat Pump, Hot Water, Propane, Propane Stove, Separate Meters | |
| Cooling | Attic Fan, Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Exhaust Fan, Humidity Control, Multi Units, Separate Meters, Varies by Unit, Zoned | |
| Exterior Features | Balcony, Boat Ramp, CCTYD, Exterior Steps | |
| Lot Features | Back Yard, Front Yard, Landscaped, Private, Trees-Large (Over 40 Ft), Views | |
| Community Features | Fishing, High Speed Internet, Lake, Park | |
| Patio Features | Covered, Deck, Front Porch, Side Porch | |
| Structures | Guest House, Second Residence, Workshop | |
| Interior Features | 2 Primary Baths, 2 Primary Suites, High Ceilings, Vaulted Ceiling(s) | |
| Fencing Features | Partial | |
| Parking Features | Asphalt, Attached, Boat, Enclosed, Guest, Inside Entrance, Kitchen Level, Oversized, RV Garage, Storage, Workshop in Garage | |
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