
Set on nearly an acre overlooking a serene 25-acre park, this Hill Country farmhouse offers a rare blend of privacy, space, and opportunity. With 4,800+ square feet of living space, a 1,500 sq ft workshop, and a detached garage apartment with its own kitchen and bath that adds approximately 435 square feet, the property is currently operating as a short-term rental—making it an ideal second home that can help offset ownership costs, or a full-time residence with built-in flexibility. The original garage has been thoughtfully converted into a versatile space that can function as a game room or a fully separate apartment with living area and bedroom—perfect for guests, extended family, or additional rental income. Inside, all kitchens and baths have been beautifully updated with quartz and marble countertops. The light-filled main kitchen opens seamlessly to the living and dining areas, creating an inviting space for gathering and entertaining. The spacious primary suite on the main level features a clawfoot soaking tub, frameless glass shower, and morning light, with an additional room nearby perfect for a home office or nursery. Enjoy peaceful views and direct access to walking trails, fishing ponds, sport courts, and playgrounds just beyond your backyard. With light restrictions, this property welcomes chickens, boats, and RVs, offering rare freedom to live expansively. Zoned to Lake Travis ISD and short-term rental friendly, this home offers the freedom to live, host, or invest—whether as a primary residence, weekend escape, or income-producing retreat. Furnishings convey, excluding a short list of seller exclusions. Proven rental history available upon request. A truly versatile Hill Country haven where lifestyle and opportunity meet.
Property Type
Residential
Year Built
2002
Lot Size
0.85 acres
$/Sq Ft
$281
Garage
2 spaces
Pool
Yes
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
10512 Lake Park DR is listed at $1,250,000 with 5 bedrooms, 4 full bathrooms, 4,444 square feet, 0.85-acre lot. This places it above the ZIP 78620 single-family closed-sale median price of $867,000 (ZIP 78620 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 5, 2026).
10512 Lake Park DR is zoned for Lake Travis ISD with assigned schools: Bee Cave (elementary), Bee Cave Middle School (middle), Lake Travis (high). School assignments should be verified directly with the district.
10512 Lake Park DR is a Residential built in 2002 featuring 5 bedrooms, 4 full bathrooms, 4,444 square feet, 0.85-acre lot.
10512 Lake Park DR is listed by Compass RE Texas, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 5, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
2 records on file
Every recorded listing, sale, and lease at 10512 Lake Park DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-18.7% | — | $765,309 | — | — |
2024-14.3% | — | $941,776 | $170,000 | $695,094 |
2023+84.8% | — | $1,099,000 | $127,500 | $814,276 |
2022 | — | $594,800 | $127,500 | $971,500 |

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% ($250K)
Adjustable assumption - not a lending recommendation.
$1,250,000
Luxury property intelligence
A sourced read on Twin Lake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,250,000
Price per sqft
$281/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
15 days
Original to current
No verified reduction
$1.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 5, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
The most recent annual property tax for 10512 Lake Park DR is $12,428. 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.
This page does not assume a mortgage rate or publish a monthly payment for 10512 Lake Park DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 5, 2026, 10512 Lake Park DR is offered at $1,250,000. The current MLS snapshot shows 215 active listings in 78620. Keenan Group has completed 12 verified transactions in 78620 within its 1,000+ completed transactions and $1B+ career volume across Austin.
The MLS listing marks 10512 Lake Park DR as waterfront. The reported waterfront feature is Pond. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
7 events on record
Current Price
$1,250,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-18.7% | — | $765,309 | — | — |
2024-14.3% | — | $941,776 | $170,000 | $695,094 |
2023+84.8% | — | $1,099,000 | $127,500 | $814,276 |
2022 | — | $594,800 | $127,500 | $971,500 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Comparable homes that recently closed in this area
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Twin Lake Hills
Active listings near 10512 Lake Park DR
Recent sales for market context