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1204 Summit Edge DR
About This Property
Tucked among the trees just one block from Lake Austin and the public boat ramp, this one-of-a-kind 3-bedroom, 2-bath retreat offers the perfect combination of modern comfort, outdoor living, and Hill Country charm. With soaring ceilings, walls of windows, and an expansive wraparound deck, the home feels like a private treehouse immersed in nature while offering every modern convenience.
Set behind a gated entrance on a beautifully landscaped and fully fenced quarter-acre lot, this peaceful sanctuary was designed for both entertaining and unwinding. Gather around the fire pit under the stars, or enjoy dinner in the picnic area while taking in breathtaking Hill Country views that stretch for miles.
Inside, the thoughtfully renovated kitchen features quartz countertops, custom cabinetry, stainless steel appliances, and durable wood-look tile flooring. Natural light fills every room, creating a bright, welcoming atmosphere, while the spacious primary suite offers a peaceful escape at the end of the day.
One of the property's standout features is the covered on-site storage, perfect for a boat, RV, recreational vehicles, or multiple cars, making it easy to embrace the Lake Austin lifestyle.
Located just a short walk from the public boat ramp, Mary Quinlan Park, and the renowned Lake Austin Spa Resort, this home places boating, kayaking, paddleboarding, hiking, and lakeside relaxation within walking distance. And there's even enough room to build your own pool on site.
Whether you're searching for a full-time residence, weekend getaway, or an exceptional investment opportunity, this rare property offers a lifestyle that's difficult to replicate and impossible to forget. And yes, you can operate this home as an STR!
*Sellers offering an owner-financing arrangement*Contact agent for more details*
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 11, 2026 | Listed by Avalar Austin | $650,000 | |
| Listed by Avalar Austin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017