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3004 Patio Circle
About This Property
Perched above Lake Austin, one of the area's most private & coveted enclaves. This rare property offers panoramic lake views & its connection to nature surrounded by the protected beauty of Emma Long Metropolitan Park, while in close proximity to downtown Austin.
The home has been thoughtfully renovated w/ timeless materials & craftsmanship. Natural limestone, oak hardwood floors & beams, & curated finishes perfectly compliments the surrounding landscape. Windows along entire backside have ever-changing lake views, filling the home w/ natural light. The lush trees & greenery feel as if you are living in a modern day treehouse that blends indoor & outdoor living.
Just a block away from the iconic Ski Shores Cafe & w/ access to the private boat ramp at ACE Marina, the location offers effortless enjoyment - from boating to paddle boarding, hiking, biking, & waterfront dining. This home was designed to embrace the Lake Austin lifestyle.
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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 4, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by Keller Williams Realty Brazos Valley office | $1,950,000 | |
| Listed by Keller Williams Realty Brazos Valley office | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
| Mar 18, 2025 | Listed by Moreland Properties | $1,600,000 | |
| Listed by Moreland Properties | |||
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Located in the scenic Oak Shores on Lake Austin subdivision, 3004 Patio Circle is a delightful single-story residence offering +/- 2,158 square feet of living space. The home features three bedrooms and two bathrooms, providing ample accommodation for family and guests. Built in 1977, the property has since undergone remodeling throughout the years, enhancing the current appeal while preserving its original charm. One of the standout features of this home is its breathtaking panoramic views of Lake Austin, which can be enjoyed from various vantage points within the house. Spend your mornings with a cup of coffee watching the sunrise over Lake Austin, and your evenings enjoying a shady breeze from the patios of this warm and inviting retreat. The gourmet kitchen is equipped with top-of-the-line appliances and fixtures, making it a haven for culinary enthusiasts. The living area, centered around a cozy fireplace, seamlessly transitions to a spacious deck—ideal for entertaining or simply relaxing while taking in the serene lake vistas. Situated on a generous .491-acre lot, the property offers both privacy and proximity to local amenities, providing a perfect blend of Hill Country tranquility and convenience of Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017