$2,995,000
●
Land -
For Sale
305 Lago Verde DR
Austin, TX 78734
Studio
0 Bath
$17,549
Est. Monthly
About This Property
Located in a private Lake Austin enclave undergoing a remarkable
transformation, this exceptional waterfront property presents a
rare opportunity to secure a premier lakefront lot surrounded by
multi-million-dollar new construction. Several neighboring homes
have already been redeveloped, with additional properties trading
quietly off-market, making opportunities like this increasingly
scarce.
Offered as a true diamond in the rough, the property is ideally suited for redevelopment or customization, allowing buyers to create a bespoke Lake Austin estate in an area experiencing significant appreciation.
A standout feature is the existing boat dock measuring over 35 feet wide, a valuable asset on Lake Austin. Adding to the property's long-term appeal, the opposite shoreline is designated preservation land, ensuring enduring privacy, protected views, and a tranquil setting that is increasingly difficult to replicate.
An outstanding opportunity for buyers seeking a prime Lake Austin homesite with immediate water access, long-term upside, and the rare combination of privacy, natural beauty, and location.
Offered as a true diamond in the rough, the property is ideally suited for redevelopment or customization, allowing buyers to create a bespoke Lake Austin estate in an area experiencing significant appreciation.
A standout feature is the existing boat dock measuring over 35 feet wide, a valuable asset on Lake Austin. Adding to the property's long-term appeal, the opposite shoreline is designated preservation land, ensuring enduring privacy, protected views, and a tranquil setting that is increasingly difficult to replicate.
An outstanding opportunity for buyers seeking a prime Lake Austin homesite with immediate water access, long-term upside, and the rare combination of privacy, natural beauty, and location.
Unit Size
-
Days on Market
-
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,843
HOA Dues
-
Year Built
1963
Listed By
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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: 10 months ago (Unlock MLS #ACT2472067)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 26, 2025 | Listed by Kuper Sotheby's Int'l Realty | $2,995,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Dec 1, 2025 | No longer available | - | |
| No longer available | |||
| Feb 8, 2024 | Listed by Kuper Sotheby's Int'l Realty | $2,995,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
   | |||
|
One of the best deals on Lake Austin with a grandfathered boat dock that is over 35ft wide. Located in a private neighborhood that is undergoing a complete transformation while making way for multi-million dollar new builds. Located across the lake from preserved land, new owners will experience limitless design potential surrounded by peace and tranquility. Truly hard to beat!
| |||
Property Highlights
With View
Exterior Details
Waterfront Features: Waterfront
Waterbody Name: Lake Austin
Other Structures: None
Lot Features: Cleared, Few Trees, Level, Open Lot, Views
Lot Size Area: 32744.05
Lot Size Units: Square Feet
Lot Size Acres: 0.7517
Lot Size Square Feet: 32744.05
Water Source: Well
Financial Details
Tax Map Number: 10
Tax Assessed Value: $1,498,000
Tax Annual Amount: $34,111
Utilities Details
Sewer : Septic Needed
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Austin
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Listed by: Kirk Lewis
Listed Office: Kuper Sotheby's Int'l Realty - Listing courtesy of Unlock MLS
Phone: (512) 831-6577
Last Updated: 2026-01-13 04:25:43
Data Source: Unlock MLS, MLS# ACT2472067
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Kuper Sotheby's Int'l Realty - Listing courtesy of Unlock MLS
Phone: (512) 831-6577
Last Updated: 2026-01-13 04:25:43
Data Source: Unlock MLS, MLS# ACT2472067
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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