See Home Value
$2,995,000
● House - Off Market

12885 Park DR

Austin, TX 78732
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,036 Ft²
$15,992
Est. Monthly

About This Property

Panoramic Lake Travis and Hill Country views, iconic sunsets, and close proximity to the water. Built in 2022, this contemporary three-level residence is located less than one mile from Marshall Ford Marina and minutes from The Oasis, offering easy access to boating, dining, and lake recreation.

Designed for indoor-outdoor living, expansive terraces on multiple levels and a rooftop patio with unobstructed lake views are featured. Floor-to-ceiling windows throughout the main living areas provide natural light and frame the vistas.

The main level offers an open-concept layout connecting the living, dining, and kitchen areas, ideal for entertaining. The chef's kitchen includes a large center island, marble countertops, premium appliances, and a butler's pantry. A fireplace, glass-enclosed wine room, and wet bar add functionality and architectural interest. A private guest suite with full bath is located on the main level, and a 3-stop elevator provides access to all floors.

The primary suite features a private balcony overlooking Lake Travis and a spa-style bath with dual vanities, soaking tub, walk-in shower, and two closets, including an oversized boutique-style walk-in. Additional en-suite bedrooms provide privacy, and a dedicated study offers flexibility as a fifth bedroom and shares access to the primary balcony.

Outdoor spaces include multiple covered and open-air terraces for dining and lounging, a pool and spa, and a rooftop deck designed for sunset views and entertaining. Located in Austin's limited use jurisdiction within the Hughes Park Lake area, the property offers additional flexibility for ownership, including the potential for short-term rental use, subject to buyer verification of current regulations. Public water access, nearby marinas, golf, dining, and shopping are all minutes away, with Downtown Austin and The Domain approximately 20 minutes away-delivering a convenient Lake Travis lifestyle with year-round accessibility.
Unit Size
4,036 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$742
Property Type
House
Property Taxes
$1,285
HOA Dues
-
Year Built
2022

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Unlock MLS #ACT1084763)

Price History

Date / Event Date Event Price
Jul 30, 2026 Withdrawn -
Withdrawn
Apr 22, 2026 Price Decreased $2,995,000
↓ $55K (1.8%)
Price Decreased
Mar 27, 2026 Price Decreased $3,050,000
↓ $150K (4.7%)
Price Decreased
Feb 15, 2026 Listed by Christies Intl Real Estate Lone Star $3,200,000
Listed by Christies Intl Real Estate Lone Star
Nov 15, 2025 No longer available -
No longer available
Show More

Property Highlights

Elevator
Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 2
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 760
  • Parking Space Count: 6
  • Patio Type: 98
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,078
  • Total Building Area: 5,033
  • Gross Building Area: 5,033
  • Building Area: 4,273
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,273
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUGHES PARK LAKE SUBD 1
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 103 HUGHES PARK LAKE SUBD 1

Neighborhood

  • School District Name: Leander Independent School District
  • School Tax School District: LEANDER ISD
  • Census Tract: 034900

Geography

  • Assessors Map Reference: 0152440209
  • Account Number: 154049
  • Parcel: 154049
  • Lot: 103
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 30.3944
  • Longitude: -97.8841

    Address

  • Full Address: 12885 Park Dr
  • Address - House Number: 12885
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Austin
  • Zip Code: 78732

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $521,431
  • Tax Rate Code Area: 69

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 705,910
  • High Value: 841,673
  • Low Value: 570,146

    Market Valuation

  • Market Total Value: $1,942,092
  • Market Land Value: $270,000
  • Market Improvement Value: $1,672,092

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,942,092
  • Assessed Land Value: $270,000
  • Assessed Improvements Value: $1,672,092

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Apr 15, 2021
  • Current Sale Price:
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021083861
  • Previous Sale Recording Date: Jul 08, 2009
  • Previous Sale Contract Date: Jul 06, 2009
  • Previous Sale Amount: $1,475,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hughes Park Lake


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4308 Canoas Drive, Austin, TX, 78730

$6,200 /mo

  • 3 Beds
  • 2 Baths
  • 3,224 ft²
4308 Canoas Drive, Austin, TX, 78730 Listing by Amando Queiroga
Unit for rent at 10807 Love Bird Cv, Austin, TX, 78730

$5,900 /mo

  • 4 Beds
  • 2 Baths
  • 3,069 ft²
10807 Love Bird Cv, Austin, TX, 78730 Listing by Julie Hutchison
Unit for rent at 3914 Latimer Dr, Austin, TX, 78732

$4,800 /mo

  • 3 Beds
  • 3 Baths
  • 2,817 ft²
3914 Latimer Dr, Austin, TX, 78732 Listing by Lila Hardegree


Frequently Asked Questions

When was property at 12885 Park Drive built and last sold?
The property at 12885 Park Drive was built in 2022 and last sold on Apr 14, 2021 for $609,400.
How much is this home worth?
The estimated value of the home located at 12885 Park Drive is $3,024,950.
What are some comparable homes to 12885 Park Drive?
There are currently no comparable homes to 12885 Park Drive.