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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Verified property facts
1304 Merlene Dr is zoned for Leander ISD with assigned schools: River Ridge (elementary), Canyon Ridge (middle), Vandegrift (high). School assignments should be verified directly with the district.
1304 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.
1304 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.
The most recent annual property tax for 1304 Merlene Dr is $6,635. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
The Best Value Near Lake Austin – Shovel-Ready & Boat-Friendly! Own the lowest-priced lot to hit the market in the last 12 months! This isn’t just a piece of land; it’s a shortcut to the Lake Austin lifestyle. While other buyers are stuck in the permitting phase, you can break ground immediately on this oversized 0.44-acre corner lot.
Skip the red tape and the two-year wait. This property comes with fully approved plans for a sophisticated 1,700 sq. ft. single-level home. Best of all, the design includes a massive 900 sq. ft. garage specifically engineered to house your boat—saving you thousands in storage fees and keeping your gear right where it belongs. Lake Access: You are just 0.5 miles (a 2-minute drive) from the boat ramps and docks at Mary Quinlan Park. Spend your afternoons on the water, not in traffic. As an outside corner lot, you enjoy enhanced curb appeal and more space than the standard neighborhood parcel. A seasonal wet-weather creek winds through the property, surrounded by mature trees for a true Hill Country feel. The septic system is already designed and rated to support a home up to 2,500 sq. ft., providing incredible future flexibility and instant equity. This is the most affordable entry point into the area in over a year. Whether you are a builder looking for a quick turnaround or a lake lover ready to build a dream retreat, this "shovel-ready" gem will not last.
Bring your builder, bring your boat, and move to the front of the line! Listing agent is also a builder and can provide insight to building process.
Property Type
Land
Lot Size
0.43 acres
Listed by Twelve Rivers Realty
Property Details
Lot Features
Fencing
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% ($50K)
$249,000
Luxury property intelligence
A sourced read on Four Seasons at Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$249,000
Price per sqft
Not available
Vs. Four Seasons at Lake Austin median
-92.0%
$3.1M median
Days on market
28 days
Original to current
No verified reduction
$249K original
Active inventory context
4 listings
Price Position in Four Seasons at Lake Austin
Listed 92% 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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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($49,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1304 Merlene Dr is around $1,845 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $249,000, 1304 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)
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in River Ridge
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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