
Now offered at $400K below the original list price! The strongest waterfront opportunity currently available on Lake Travis. Situated on a gated neighborhood of just 30 homes on the water, this Spanish-style estate delivers unobstructed lake and hill country views from nearly every room. No marina or business in your sightline either. Inside, the flow is open and practical. Two-story cathedral ceilings with exposed wood beams anchor the living room, where a floor-to-ceiling stone fireplace and large patio door open to the covered deck. High-end tile flooring runs through all common areas. The kitchen has oversized counters, a floating island, walk-in pantry, high-end cabinetry, dual-door refrigerator, gas range, double sinks, and a pass-through window to the covered outdoor kitchen with gas grill & fridge. All with lake views. Two primary suites on the main level. The master includes a spa, gas fireplace, and large walk-in closet, and of course water views to wake up to. The guest suite, situated for multi-genliving, has its own private entrance, refrigerator, microwave, and sink. Three additional bedrooms upstairs, & two additional balconies. Extra-large game room with panoramic windows. Walk-in showers with glass doors throughout. Oversized laundry room on primary level. Outside, two levels of stone patio surround a newly tiled pool and spa for swimming while you watch the boaters. Covered outdoor kitchen with grill, fridge, granite dry bar, and bar seating. Lower terrace with gas fire pit. 3-car garage, driveway fits 4-5 additional vehicles. Whole house HVAC systems updated in 2020. New Water heater in 2023. $50k+ invested in landscaping, fixtures, plumbing, electrical, and exterior paint throughout. What the seller will miss most: the privately gated Waterford Marina only 4 minutes away, offering worry free, maintenance free boating. Approved bids for a boat dock installation are in place! Reach out to agent Oliver Marx for info.
Property Type
Residential
Year Built
2008
Lot Size
1.03 acres
$/Sq Ft
$401
HOA
$750/year
Garage
3 spaces
Pool
Yes
Listed by Keller Williams Realty
Verified property facts
1208 Watercliffe DR is listed at $1,849,900 with 5 bedrooms, 4 full, 1 half bathrooms, 4,609 square feet, 1.03-acre lot. This places it above the ZIP 78645 single-family closed-sale median price of $1,176,997 (ZIP 78645 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 10, 2026).
1208 Watercliffe DR is zoned for Lago Vista ISD with assigned schools: Lago Vista (elementary), Lago Vista (middle), Lago Vista (high). School assignments should be verified directly with the district.
1208 Watercliffe DR is a Residential built in 2008 featuring 5 bedrooms, 4 full, 1 half bathrooms, 4,609 square feet, 1.03-acre lot.
1208 Watercliffe DR is listed by Keller Williams Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 10, 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
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
3 records on file
Every recorded listing, sale, and lease at 1208 Watercliffe DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change 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+2.0% | — | $2,727,899 | — | — |
2024+3.7% | — | $2,674,558 | $888,030 | $1,910,206 |
2023+60.9% | — | $2,578,676 | $891,000 | $1,783,558 |
2022+31.7% | — | $1,602,828 | $712,800 | $1,865,876 |
2021 | — | $1,216,665 | $267,300 | $1,335,528 |

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.
20% ($370K)
Adjustable assumption - not a lending recommendation.
$1,849,900
Luxury property intelligence
A sourced read on Waterford On Lake Travis Sec 3 pricing, timing, and property scale. No automated valuation claim.
List price
$1,849,900
Price per sqft
$401/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
83 days
Original to current
$400.1K reduction
$2.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 10, 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 1208 Watercliffe DR is $65,190. 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 1208 Watercliffe DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 10, 2026, 1208 Watercliffe DR is offered at $1,849,900. The current MLS snapshot shows 248 active listings in 78645. Keenan Group has completed 6 verified transactions in 78645 within its 1,000+ completed transactions and $1B+ career volume across Austin.
The MLS listing marks 1208 Watercliffe DR as waterfront. The reported waterfront feature is Lake Privileges, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $750 annual for 1208 Watercliffe DR. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
9 events on record
Current Price
$1,849,900
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+2.0% | — | $2,727,899 | — | — |
2024+3.7% | — | $2,674,558 | $888,030 | $1,910,206 |
2023+60.9% | — | $2,578,676 | $891,000 | $1,783,558 |
2022+31.7% | — | $1,602,828 | $712,800 | $1,865,876 |
2021 | — | $1,216,665 | $267,300 | $1,335,528 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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