About this home

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.

Property details

Property type

Residential · SingleFamilyResidence

Status

Active

Year built

2026

Full baths

4

Half baths

1

Lot size

0.294

Subdivision

Lakeland Park

MLS area

RN

MLS #

245191270

Features

Additional details

Parking

Asphalt, Attached, Boat, Enclosed, Guest, Inside Entrance, Kitchen Level, Oversized, RV Garage, Storage, Workshop in Garage

Garage spaces

5

Roof

Composition

Foundation

Slab

Schools

Assigned schools per the MLS.

School district

Leander ISD

Elementary

River Ridge

Middle

Canyon Ridge

High

Vandegrift

See Leander ISD schools & boundaries →

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Getting around

Downtown Austin

11.8 mi

Austin-Bergstrom Airport

18 mi

Straight-line distance, not drive time.

Market insights

Compared with 177 active homes in ZIP 78732 · HomeLocating listings

At $1,449,999, this home is priced 71% above the $850,000 median across 177 active homes in ZIP 78732.

See this home in person