Legend Of Lake Austin
- Austin
- $24,995,000
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One of a kind 33+/- acres on Lake Austin. This legendary waterfront ranchette has 550 +/- ft of pristine Lake Austin waterfront, features a wildlife exemption, has numerous towering heritage oak trees and boasts stunning views of the Balcones Canyon Land Preserve. One of the last large parcels of land on Lake Austin with gently sloping terrain prime for development or future estate. A piece of land meant for legends for generations to come. Convenient to stores and restaurants all within the acclaimed Leander ISD
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Lake Austin is a 22-mile ribbon lake winding through limestone canyons between Mansfield Dam and downtown Austin. This is where wealthy professionals escape urban intensity without leaving the city—waterfront estates with private boat docks sit minutes from the Texas State Capitol.
Unlike neighboring Lake Travis, Lake Austin maintains a constant water level year-round, creating lush shorelines and reliable boat access. The lifestyle centers on lakefront entertaining, water sports, and social boating to boat-accessible restaurants like Ski Shores Cafe and Hula Hut.
The south shore falls within the elite Eanes Independent School District, one of Texas's top-rated systems. Homes range from $600k condos with lake views to $25M waterfront compounds with private docks. The market operates as its own luxury micro-market, largely insulated from broader Austin trends due to finite shoreline and high barriers to entry.
Established Professionals & Executives: C-suite executives, tech entrepreneurs, and business leaders dominate Lake Austin. The location provides a rare combination: waterfront retreat with 15-20 minute commutes to downtown Austin or the Silicon Hills tech corridor. Days start with sunrise boat rides before heading to the office; evenings involve entertaining on waterfront patios.
Active Families: Families gravitate here for Eanes ISD, consistently ranked among Texas's top school districts. Life revolves around outdoor recreation—wakeboarding, waterskiing, and neighborhood gatherings at private docks. The community is tight-knit with high participation in sports and school events.
Affluent Retirees: The lake offers serene living without isolation. The constant water level ensures consistent views and boat access year-round—a critical advantage over Lake Travis, which fluctuates dramatically during droughts. Many retirees maintain memberships at Austin Country Club, home to the WGC-Dell Technologies Match Play.
Second-Home Buyers: Wealthy buyers from Houston, Dallas, and out-of-state purchase properties as weekend getaways. These residents treat homes as sanctuaries for holidays and long weekends, focusing entirely on relaxation and water sports.
Boundaries & Definition: Lake Austin is a river-like reservoir on the Colorado River, not a traditional round lake. It stretches 22 miles from Mansfield Dam (below Lake Travis) to Tom Miller Dam (just west of downtown), rarely exceeding 1,000 feet in width.
Proximity to Major Cities: The eastern end sits 5-7 miles from the Texas State Capitol and downtown business district. Austin-Bergstrom International Airport is 20-30 minutes by car. The affluent independent cities of West Lake Hills and Rollingwood border the southern shores.
Terrain & Topography: The lake cuts through the Balcones Escarpment, marking the transition from coastal plains to Texas Hill Country. Steep limestone cliffs flank large sections of shoreline, particularly near the Pennybacker Bridge (Loop 360). Other areas feature gently sloping lawns leading to the water. Tributary creeks like Bull Creek create lush, canyon-like micro-environments.
Climate: Subtropical climate with hot summers (95-100°F) and mild winters. The lake water stays consistently cool because it's released from the bottom of Lake Travis. Year-round boating and outdoor living are possible, with lows rarely dipping below freezing.
Natural Surroundings: The constant water level supports lush vegetation right to the water's edge. Banks are lined with massive Bald Cypress trees (roots extending into water), Live Oaks, and Sycamores. The area is habitat for Great Blue Herons, turtles, and trophy bass.
Lake Austin operates as a distinct micro-market separate from broader Austin trends. While the general Austin market has cooled with median prices around $430,000-$440,000 (down from $550,000 peak in 2022), Lake Austin waterfront remains a scarcity-driven luxury asset class.
Home Prices: Entry-level condos and view homes without water access: $600k-$1.2M. Direct waterfront homes start at $4M-$5M for older properties or difficult lots. Prime flat lots with modern estates range $8M-$15M+, with ultra-exclusive properties reaching $25M. The 2025 record was a $13.95M sale, with price per square foot hitting $2,380 on Lake Austin.
Inventory Trends: Inventory remains historically tight due to finite shoreline (approximately 22 miles). However, levels have risen compared to the 2021-2022 frenzy. Buyers now see multiple options instead of properties vanishing within 24 hours.
Days on Market: Days on market have extended significantly. Luxury estates commonly sit 60-120+ days, often due to aggressive pricing testing the market's ceiling. The luxury market median is around 45 days for attached homes.
Appreciation Trends: After explosive early 2020s growth, appreciation has flattened. Prices are stable but not spiking. The market is in "price discovery" mode as sellers adjust to less frantic buyer pools.
Market Conditions: The market is balanced with slight buyer advantage. Buyers have negotiating leverage for the first time in years, particularly on homes needing renovation or with difficult topography. Sellers of turnkey, flat-lot estates still command firm pricing, but bidding war culture has evaporated. Properties are selling at approximately 95% of list price.
Waterfront Estates (Single-Family): The most coveted properties feature direct water frontage and private boat docks. Buyers choose between flat lots (highly prized for walk-out water access) and cliffside homes (dramatic views but requiring trams or long staircases to reach docks). Architecture ranges from Mediterranean villas of the 1990s/2000s to ultra-modern glass-walled contemporaries popular in the last decade.
View Homes (Hillside): Located in neighborhoods like Westlake Hills, Mount Bonnell, or Steiner Ranch, these homes offer panoramic canyon views but lack direct water access. Owners typically keep boats at marinas like Austin Country Club or public facilities.
Waterfront Condos & Townhomes: The "affordable" entry point for lake lifestyle without the $5M price tag or maintenance burden. Key communities include The Island (a gated isthmus near the 360 Bridge with Mediterranean-style units, canals, and boat slips) and Oyster Landing area (condos near Hula Hut and Mozart's Coffee appealing to younger demographics).
"Tear-Down" Opportunities: Older 1960s/70s fishing cabins or modest ranch homes are frequently sold for land value alone, priced in the millions just for water frontage and development potential.
Waterfront Dining (Boat Accessible)
Nearby Off-Water Dining
Entertainment & Recreation
The lake itself is the primary entertainment. Weekends involve boats rafting up in "Party Cove" near the 360 Bridge. Austin Country Club (on the Davenport side) features a Pete Dye-designed lakefront golf course, tennis courts, and marina. Emma Long Metropolitan Park offers camping, boat ramps, and beach access. The cliffs overlooking Pennybacker Bridge provide popular hiking and sunset views.
The protected residential shoreline has no shopping malls. Residents shop at hubs 5-10 minutes from their lake section.
Grocery & Daily Needs
Boutiques & Retail Centers
Major Shopping Destinations (15-20 Minutes)
Eanes Independent School District
The south and west shores of Lake Austin fall within Eanes ISD, consistently ranked among the top school districts in Texas and nationally. Eanes ISD was ranked #7 in the nation and #1 in Texas by Niche.
Westlake High School: Ranked #412 nationally and #52 in Texas by U.S. News (2024-2025). The school boasts a 99% graduation rate, average SAT score of 1275, and 74% AP participation rate. All nine Eanes ISD schools received top state and national rankings, with Westlake named #19 best public high school in the nation and #1 in Texas by some rankings.
Elementary Schools: All six Eanes elementary schools (including Barton Creek, Bridge Point, Cedar Creek, Eanes, Forest Trail) were named among the top 20 in Texas.
Middle Schools: West Ridge Middle School ranked #2 in Texas; Hill Country Middle School ranked #3.
Austin ISD
The north and east shores often fall into Austin ISD, which has lower ratings than Eanes. This school boundary difference can drive 20-30% price variations between otherwise comparable homes.
Key Arteries & "Choke Points"
Commute Times (Estimates)
The "Water Taxi" Reality
Many residents use boats to "commute" to dinner on Friday nights to avoid traffic. Traveling by boat from the 360 Bridge area to Hula Hut is a legitimate and popular transportation mode.
The "Old Money" Gold Standard (Tarrytown Side)
Scenic Drive: Widely considered the most prestigious street on the lake. It runs parallel to the water near Tom Miller Dam with historic, understated wealth. Homes feature flat lots, massive oak trees, and sit only minutes from downtown.
Mount Bonnell Road: Be careful—some homes are "view only" (high on cliff) while others are "waterfront" (at the bottom). The waterfront lots are rare and highly prized for sunset views over opposite cliffs.
The "Westlake Waterfront" (South Side)
Westlake Drive: The "Main Street" of luxury lake living, featuring a mix of mid-century modern tear-downs and $15M+ contemporary compounds. Located in top-rated Eanes ISD. Even-numbered addresses are typically on the water.
Stratford Drive: Near Red Bud Isle, these homes feel like nature preserves yet sit shockingly close to downtown. Views of the city skyline from boat docks are possible here—a rarity elsewhere on the lake.
The "Hidden Gems" & Gated Enclaves
The Island (Island Cove/Island Ave): A gated community on an actual isthmus near the 360 Bridge with canals and Mediterranean architecture. It feels like a separate village and offers some of the most secure, lock-and-leave waterfront living.
Manana Street: Located on the north side, famous for towering Bald Cypress trees lining the water, creating a "tunnel of green." Feels much more rural and quiet than Scenic Drive.
Watersedge Drive: A small, flat pocket near Mount Bonnell. One of the few Tarrytown locations with wide, flat, grassy lawns leading to water rather than steep stairs.
Professionals Seeking Work-Life Balance: Lake Austin is ideal for executives, entrepreneurs, and professionals who want to decompress without sacrificing career proximity. The 15-20 minute downtown commute allows genuine waterfront living without remote isolation.
Families Prioritizing Elite Education: Families drawn to Eanes ISD's top rankings and seeking active outdoor lifestyles will thrive here. The community is family-oriented with high engagement in schools, sports, and neighborhood activities.
Water Sport Enthusiasts: Serious boaters, waterskiers, and fishing enthusiasts benefit from the constant water level and year-round access. The narrow lake creates ideal conditions for wake sports.
Luxury Buyers Seeking Scarcity: With only 22 miles of finite shoreline, Lake Austin offers exclusivity that can't be replicated. Buyers seeking trophy properties with long-term value retention due to limited supply will appreciate this market.
Retirees Wanting Proximity Without Compromise: Retirees seeking serene waterfront living without remote isolation will find Lake Austin ideal. Access to Austin's cultural amenities, healthcare, and social opportunities remains convenient.