
Located in a private Lake Austin enclave undergoing a remarkable transformation, this exceptional waterfront property presents a rare opportunity to secure a premier lakefront lot surrounded by multi-million-dollar new construction. Several neighboring homes have already been redeveloped, with additional properties trading quietly off-market, making opportunities like this increasingly scarce.
Offered as a true diamond in the rough, the property is ideally suited for redevelopment or customization, allowing buyers to create a bespoke Lake Austin estate in an area experiencing significant appreciation.
A standout feature is the existing boat dock measuring over 35 feet wide, a valuable asset on Lake Austin. Adding to the property’s long-term appeal, the opposite shoreline is designated preservation land, ensuring enduring privacy, protected views, and a tranquil setting that is increasingly difficult to replicate.
An outstanding opportunity for buyers seeking a prime Lake Austin homesite with immediate water access, long-term upside, and the rare combination of privacy, natural beauty, and location.
Property Type
Land
Lot Size
0.75 acres
Listed by Kuper Sotheby's Int'l Realty
Verified property facts
305 Lago Verde DR is listed at $2,995,000 with 0 bedrooms, 0.75-acre lot. This places it above the 78734 median of $650,000.
305 Lago Verde DR is zoned for Lake Travis ISD with assigned schools: Lakeway (9/10) (elementary), Hudson Bend (7/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
305 Lago Verde 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 305 Lago Verde DR is $34,111. 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 ($599,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 305 Lago Verde DR is around $18,383 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#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
Lot Features
Waterfront
Listing timeline 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 | — | $1,477,280 | — | — |

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% ($599K)
$2,995,000
Luxury property intelligence
A sourced read on Rio Vista Add pricing, timing, and property scale. No automated valuation claim.
List price
$2,995,000
Price per sqft
Not available
Vs. Rio Vista Add median
Not available
Days on market
211 days
Original to current
No verified reduction
$3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 25, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $2,995,000, 305 Lago Verde DR is in the Rio Vista Add market where there are currently 196 active listings in 78734. The Keenan Group has completed 16 transactions in 78734 as part of 1,000+ career sales totaling $1B+ across Austin.
305 Lago Verde DR includes verified waterfront access: Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
305 Lago Verde DR sits on a 0.75-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
5 events on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,477,280 | — | — |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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