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Verified property facts
1016 Merlene Dr is listed at $732,000 with 3 bedrooms, 2 full, 1 half bathrooms, 2,999 square feet, 0.30-acre lot.
1016 Merlene Dr is zoned for Leander ISD with assigned schools: River Ridge (10/10) (elementary), Canyon Ridge (10/10) (middle), Vandegrift (9/10) (high). School assignments should be verified directly with the district.
1016 Merlene Dr is in Four Seasons at Lake Austin, Austin, Texas. See the full [Four Seasons at Lake Austin neighborhood guide](/austin-luxury-resorts/four-seasons-private-residences-lake-austin) for market data, schools, and lifestyle details.
1016 Merlene Dr is a Residential built in 2002 featuring 3 bedrooms, 2 full, 1 half bathrooms, 2,999 square feet, 0.30-acre lot.
1016 Merlene Dr is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Price Change with current price, original ask, and market time.
FREEDOM AND PEACE – A Home That Offers Both in Abundance This is more than a home—it's a lifestyle. Here, you’re free to park your RV and your boat with ease—one in the garage, one inside the gated side yard, or both outside. Just under a mile from the public boat launch on Lake Austin, adventure is always close at hand. Stroll along the peaceful, tree-lined streets or down to the lake, where quiet serenity surrounds you. Relax or garden in the expansive backyard, which features three separate fenced areas and backs to privately owned natural land. With no home owner fees, you'll enjoy financial freedom with a low 2024 tax rate of just 1.72%. Step through the front door into an open-concept living space that combines kitchen, family room, and dining area—perfect for connection and entertaining. The primary suite is a private retreat, featuring a spacious bedroom, a cozy sitting area with a fireplace and views of the side yard, and a luxurious ensuite bath with dual vanities, a spa tub, separate shower, and private commode. From there, the walk-in closet and laundry room flow directly into a personal sauna—your private spa awaits. Upstairs, a huge game room with wet bar and refrigerator opens onto a large balcony—another perfect spot to enjoy the peaceful setting. Off the game room, you'll find a dedicated media room ready for movie nights or gaming marathons, and a private office with its own window and closet—ideal for uninterrupted work-from-home days. Two additional bedrooms and a full bath are located down the hall, offering space and privacy for family or guests. All of this sits on a beautifully landscaped 0.3-acre lot adorned with ancient oak trees. Zoned to highly regarded Leander schools and located near Quinlan Park (with playgrounds and a boat launch), plus quick access to shopping, major roads, and the beauty of Lake Travis and Central Texas. Come experience the rare blend of serenity and freedom—this is more than a home; it’s your sanctuary.
Property Type
Residential
Year Built
2002
Lot Size
0.30 acres
$/Sq Ft
$244
Garage
6 spaces
Listed by Coldwell Banker Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-24.9% | — | $908,250 | — | — |
2024+21.0% | — | $1,209,038 | $300,000 | $427,009 |
2023+84.6% | — | $999,398 | $300,000 | $909,038 |
2022 | — | $541,450 | $300,000 | $699,398 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($146K)
$732,000
Luxury property intelligence
A sourced read on Four Seasons at Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$732,000
Price per sqft
$244/sqft
Vs. Four Seasons at Lake Austin median
-76.6%
$3.1M median
Days on market
411 days
Original to current
$500 reduction
$732.5K original
Active inventory context
4 listings
Price Position in Four Seasons at Lake Austin
Listed 77% below the Four Seasons at Lake Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 13, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
1016 Merlene Dr is priced at $244 per square foot across 2,999 sqft. The Four Seasons at Lake Austin median list price is $3,125,000.
The most recent annual property tax for 1016 Merlene Dr is $12,455. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($146,400) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1016 Merlene Dr is around $4,836 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $732,000, 1016 Merlene Dr is in the Four Seasons at Lake Austin market where there are currently 94 active listings in 78732. The Keenan Group has completed 5 transactions in 78732 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Four Seasons at Lake Austin guide](/austin-luxury-resorts/four-seasons-private-residences-lake-austin).
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Four Seasons at Lake Austin is one of Austin's established neighborhoods, zoned for Leander ISD in the 78732 area. The Keenan Group has specialized in Four Seasons at Lake Austin real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
No Nearby Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
8 events on record
Current Price
$732,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-24.9% | — | $908,250 | — | — |
2024+21.0% | — | $1,209,038 | $300,000 | $427,009 |
2023+84.6% | — | $999,398 | $300,000 | $909,038 |
2022 | — | $541,450 | $300,000 | $699,398 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Four Seasons Lake Austin sits 380 feet above Lake Austin on a 145-acre site that includes a private funicular railway connecting the hilltop residences to a marina on the water below. The funicular is not a novelty. It is the literal mechanism by which residents access their boats, the waterfront dining facilities, and the lake itself. When a residential development installs a cliff railway as basic infrastructure, it tells you something about the scale and ambition of the project that no amount of marketing language can convey. The community is located in the 78732 zip code on the north shore of Lake Austin, occupying a prominent bluff along RM 2222 between the Pennybacker Bridge and Mansfield Dam. Views extend across the lake and into the Hill Country. Downtown Austin is about 20 minutes east via 2222 and MoPac. The Davenport Village and Four Points shopping areas handle daily errands within 10 minutes. Mount Bonnell is a short drive east along the same ridgeline. The architecture at Four Seasons Lake Austin represents something genuinely different from what exists elsewhere in the Austin luxury market. The residential buildings were designed by Handel Architects, and the interiors carry the Lissoni aesthetic, both names that carry significant weight in international architecture and design. About 60 percent of the units are contemporary terraced low-rise residences that step down the hillside, oriented to maximize lake views while maintaining privacy between units. The building forms use clean lines, natural materials, and expansive glass walls that blur the boundary between indoor and outdoor space. The remaining inventory includes larger estate-style residences and penthouses. Unit sizes range from approximately 2,000 square feet to over 5,000 square feet, with pricing that starts around $3 million and extends well beyond $10 million for the largest and best-positioned residences. This is a branded luxury development, which means Four Seasons operates the amenity spaces, concierge services, housekeeping, and common areas to hotel standards. The community falls within Leander ISD, one of the fastest-growing districts in Texas. The district has invested heavily in new campuses, and academic performance has strengthened as the tax base expanded. Families have access to well-funded elementary, middle, and high school options. The 20-minute drive to central Austin also provides access to private institutions like St. Andrew's and St. Stephen's Episcopal Schools. Daily life at Four Seasons Lake Austin is structured around the amenity program in a way that feels more like a resort membership than a typical HOA. The private marina provides boat storage and lake access via the funicular. Ciclo, the on-site restaurant, serves Italian-inspired cuisine with lake views. A spa and fitness center, multiple pools, and landscaped outdoor gathering spaces are maintained to Four Seasons standards, meaning the level of upkeep is materially different from what a typical condo HOA delivers. Beyond the property, Mount Bonnell is nearby for hiking and sunset views, and the Pennybacker Bridge Overlook provides another scenic stop. Turkey Creek Trail offers longer hikes through wooded terrain. For dining beyond the property, Jeffrey's in Clarksville is one of Austin's most established fine-dining rooms, Uchi and Otoko provide Japanese cuisine at different scales of formality, Quince Lakehouse serves New American food on the lake, and Ski Shores Cafe offers the most casual waterfront dining in the area. Four Seasons Lake Austin does not compete directly with traditional Austin luxury neighborhoods because the product category is different. Westlake, Barton Creek, and Rob Roy offer single-family homes on private lots with full ownership of land. Four Seasons offers a managed luxury experience where the building, grounds, and services are maintained by a hospitality brand. The closest comparison in the Austin market might be the Four Seasons Residences downtown or the W Residences, but those are urban high-rises without lake access or acreage. Nationally, the competitive set includes branded luxury developments like the Montage Residences in Laguna Beach or the Aman residences in Miami. The per-square-foot pricing reflects this positioning and is among the highest in the Austin metro area. Four Seasons Lake Austin is for buyers who want a residence managed to hotel standards with lake access and Hill Country views. It works for executives who split time between cities, international buyers who want a Texas base with familiar brand standards, and Austin residents ready for a simpler format without compromising on quality. The tradeoff is that you are buying into a managed system rather than owning a freestanding estate, and the price per square foot reflects the brand premium. For the buyer who understands that tradeoff, there is nothing comparable within 200 miles.
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