1404 ROCKCLIFF RD
About This Property
Set on a full acre with over 100 feet of pristine Lake Austin frontage, The Watermark is a rare, gated compound designed for generational enjoyment. Located on prestigious Rockcliff Road in Eanes ISD-just 15 minutes to downtown Austin and 18 minutes to the airport-this exceptional estate offers the ultimate in privacy, access, and lifestyle.
Anchoring the property is a brand-new, 7,410-square-foot architectural residence nearing completion. Thoughtfully designed to capture views and create flow, the home will offer 4 bedrooms, 5 full baths, two living areas, a catering kitchen, a media room, an office/gym, a 3-car garage, and an expansive pool and spa.
Complementing the new build is a grandfathered 3,222-square-foot lakefront residence already in place-a modern jewel box with soaring ceilings, sliding walls of glass, and panoramic water views. Featuring two spacious bedrooms, three full baths, two living areas, and a rooftop deck, this second home offers unmatched flexibility for guest accommodations, multigenerational living, or future entertaining space.
The estate is crowned by a two-story, two-slip boat dock complete with a rooftop entertaining deck, wet bar, and integrated AV system-your front-row seat to life on the water.
Towering pecan trees, lush landscaping, and sweeping views create a tranquil yet dynamic setting for every season. Whether hosting or unwinding, this is Lake Austin living without compromise.
Welcome to The Watermark on Lake Austin-a once-in-a-generation opportunity to own a fully realized compound in one of the most coveted waterfront locations in Texas.
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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 |
|---|---|---|---|
| Aug 22, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Oct 4, 2024 | Listed by Kuper Sotheby's Int'l Realty | $19,500,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Apr 6, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 1, 2024 | Relisted | $13,000,000 | |
| Relisted | |||
| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017