31
Map
$375,000
●
Land -
Off Market
12802 Thomas ST
Austin, TX 78732
Studio
0 Bath
$2,162
Est. Monthly
About This Property
Build your dream home on this beautiful .225-acre lot in the
coveted Hughes Park Lake subdivision, featuring panoramic views of
Lake Travis and the Texas Hill Country-an ideal backdrop for custom
construction. Located just one mile from the lake and directly
across from Steiner Ranch, this property offers the perfect blend
of seclusion and convenience. No HOA. Municipal water and
electricity are available; septic needed. Zoned to highly regarded
Leander ISD schools, including Steiner Ranch Elementary, Canyon
Ridge Middle School, and Vandegrift High School. A rare opportunity
to build in a well-established community with breathtaking views.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$321
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 18 days ago (Unlock MLS #ACT6241493)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2026 | No longer available | - | |
| No longer available | |||
| Jan 19, 2026 | Listed by Keller Williams Realty | $375,000 | |
| Listed by Keller Williams Realty | |||
| Dec 1, 2025 | No longer available | - | |
| No longer available | |||
| Oct 16, 2025 | Price Decreased |
$449,000
↓ $66K
(12.8%) | |
| Price Decreased | |||
| May 18, 2025 | Listed by Coldwell Banker Realty | $515,000 | |
| Listed by Coldwell Banker Realty | |||
   | |||
|
BUILD UP AND FACING THE WATER FOR MAGNIFICENT PANORAMIC VIEWS OF LAKE TRAVIS!!! Discover a rare opportunity to build your dream home on a cleared 0.225-acre lot in the coveted Hughes Park Lake subdivision, with unobstructed views of Lake Travis and the Texas Hill Country. Located just one mile from the lake and directly across from Steiner Ranch, this homesite offers a perfect blend of seclusion and convenience. No HOA, all utilities available, and a clear, build-ready site make development easy. Surrounded by custom million-dollar estates, this lot allows you to design and build without restrictions. Enjoy quick access to Lake Travis for boating, fishing, and waterfront dining at The Oasis. Minutes to Marshall Ford Marina, RR 620, top-rated Leander ISD schools, golf courses, and shopping. Build up to maximize your view and claim your space in one of Austin’s most scenic enclaves. Opportunities like this are almost gone. Bring your builder. Bring your vision. This one is ready.
| |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Hughes Park Lake
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Listed by: Gregory Carlson
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 448-4111
Last Updated: 2026-09-10 04:13:39
Data Source: Unlock MLS, MLS# ACT6241493
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 448-4111
Last Updated: 2026-09-10 04:13:39
Data Source: Unlock MLS, MLS# ACT6241493
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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