3 bed, 3 bath, 3,399 sqft on 0.65 acres in Austin. Austin, TX 78734. $3,500,000. Lake Travis ISD.
About This Home
Perched along the shores of Lake Travis, this exceptional Dick Clark-designed residence offers a rare blend of architectural significance and premier waterfront living. Located at 1500 Buffalo Gap, the home sits in a deep water cove within a no-wake zone, providing calm waters, added privacy, and ideal conditions for year-round enjoyment. Designed to capture its breathtaking surroundings, the 3-bedroom, 3.5-bathroom layout features expansive windows framing sweeping 180-degree lake views. The west-facing rear orientation delivers spectacular sunsets over the water, creating a stunning backdrop for both daily living and entertaining. Clean lines, curated materials, and intentional design elements throughout reflect a modern yet timeless aesthetic. The open-concept living, dining, and kitchen areas flow seamlessly to multiple outdoor spaces, where a resort-style setting awaits. Enjoy a private pool, spa, and fire pit, all positioned to take full advantage of the panoramic views and serene setting. A private tram provides convenient access from the home to the water’s edge. The boat dock is well-equipped with a boat lift and three jet ski ramps, offering effortless access to everything Lake Travis has to offer. Despite its peaceful, tucked-away setting, the property is just minutes from the amenities of Lakeway and Bee Cave, with convenient access to shopping, dining, and daily essentials, as well as a manageable drive to downtown Austin. A rare opportunity to own a one-of-a-kind lakefront property where design, setting, and lifestyle come together.
At 1500 Buffalo Gap Road in the Austin subdivision, you're looking at direct waterfront access to one of Austin's premier recreation zones - Lake Travis - from a private boat dock equipped with a lift and three jet ski ramps. This Dick Clark-designed residence sits in a deep water cove within a designated no-wake zone, giving you calm water conditions year-round for everything from early morning paddles to sunset cruises without fighting choppy conditions that plague other lake areas.
The 3,399-square-foot home functions as the perfect basecamp for active lake living. The open floorplan connects the kitchen, dining, and living areas directly to multiple outdoor decks and patios, all positioned to watch the water from virtually any angle. A private tram system runs from the main house down to the dock - your gear and supplies move downhill, not uphill. Inside, the 3-bedroom, 3-bath layout includes walk-in closets, built-in storage throughout, and a bar setup that handles post-adventure gatherings without cramping your space.
The real hub is outside. A resort-style pool and spa occupy the landscaped lot alongside a fire pit - all sited to face those 180-degree lake views. The covered deck and multiple patios give you transition zones between the house and water, places to rinse off, stash wet gear, and dry out before heading back in.
Lake Travis itself is the draw. From this no-wake cove, you have direct access to deeper water channels perfect for skiing and wakeboarding, plus miles of quiet coves for kayaking and paddleboarding. The lake sits within the Hill Country's natural outdoor corridor - hiking trails at nearby parks, swimming spots, and fishing grounds are minutes away.
The property sits on 0.65 acres of private, landscaped grounds served by a private maintained road. You're roughly 20-25 minutes from downtown Austin via Highway 71, close enough to Lakeway's dining and shopping but far enough removed to feel genuinely separate. Lake Travis ISD serves the area, with Lake Travis High School and Hudson Bend Middle anchoring the district.
At $4 million and $1,177 per square foot, this is active lifestyle real estate - a home that doesn't just overlook recreation, it grants direct entry to it.
The numbers behind this insight
- Offered at
- $3,500,000
- Listed
- April 6, 2026
- Price changes
- 2, down 12.5% from $4,000,000
- Asking price per sq ft
- $1,030
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 15, 2026.
- Property Type
- Residential
- Year Built
- 2010
- Lot Size
- 0.65 acres
- Price / Sq Ft
- $1,030
- Garage
- 3 spaces
- Pool
- Yes
Listing information last updated October 11, 2026.
Listed by Douglas Elliman Real Estate
MLS# 9066966 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bar
- Bookcases
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Stone Counters
- Double Vanity
- Entrance Foyer
- High Speed Internet
- Interior Steps
- Open Floorplan
- Recessed Lighting
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Built-In Electric Oven
- Built-In Freezer
- Built-In Oven(s)
- Built-In Refrigerator
- Cooktop
- Dishwasher
- Disposal
- Exhaust Fan
- Microwave
- Electric Oven
- RNGHD
- Stainless Steel Appliance(s)
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Boat Dock - Private
- Boat Lift
- Exterior Steps
- Rain Gutters
- Lighting
- Private Yard
- Masonry – All Sides
- Landscaped
- Private Maintained Road
- Views
- Slab
- Covered
- Deck
- Patio
- Roof
- Metal
- Lot Size
- 0.65 Acres
- Attached
- Door-Multi
- Garage Door Opener
- Garage Faces Front
- Garage Spaces
- 3
- Pool
- Yes
- Lake Front
- Waterfront
Financial
- Original List Price
- $4,000,000
- Price per Sq Ft
- $1,030
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Phone Available
- Propane
- Water Connected
- Water Source
- MUD
- Sewer
- Septic Tank
Transaction History
5 records on file
Every recorded listing, sale, and lease at 1500 Buffalo Gap RD, whoever represented it.
- ActiveListed 2026Current price: $3,500,000Original list: $4,000,000MLS 9066966
- Listed · April 6, 2026$4,000,000
- Price changed · April 28, 2026$3,750,000
- Price changed · July 24, 2026$3,500,000
- WithdrawnListed 2025Current price: $4,200,000Original list: $4,500,000MLS 3060079
- WithdrawnListed 2024Current price: $5,000,000Original list: $5,000,000MLS 5179227
- WithdrawnListed 2023Current price: $7,500Original list: $7,500MLS 1691882
- SoldJuly 11, 2008Listed at: $498,500MLS 9464040
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $3,500,000
- Original list
- $4,000,000
- Price movement
- $500K reduction
- Listed / DOM
- Apr 6, 2026 · 193 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,854,965
- Assessment Year
- 2025
- Year Built
- 2010
- Parcel ID
- 000000150239
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+26.3% | — | $1,854,965 | — | — |
2024-8.2% | — | $1,468,753 | $1,003,317 | $588,820 |
2023+21.6% | — | $1,600,000 | $619,331 | $849,422 |
2022+23.2% | — | $1,316,232 | $619,331 | $980,669 |
2021 | — | $1,068,792 | $454,176 | $862,056 |
Zoned Schools & District Context
Lake Travis
Hudson Bend
Lake Pointe Elementary
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($700K)
Adjustable assumption - not a lending recommendation.
$3,500,000
Luxury property intelligence
Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$3,500,000
Price per sqft
$1,030/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
193 days
Original to current
$500K reduction
$4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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