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$2,575,000
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Tucked within the exclusive gated enclave of McCormick Ranch on Lake Austin, this private estate offers a rare opportunity to own in one of Austin’s most tightly held luxury communities with a limited collection of custom homes and close proximity to Lake Austin. Residents enjoy a quiet, secure setting just minutes from the UT Golf Club, River Place Country Club, and the shopping, dining, and waterfront lifestyle along 620, Four Points, and Lakeway.
Set on nearly a full acre with Hill Country and lake views, this Paradisa-built residence features a flexible layout with 6 bedrooms, 4 full baths, multiple living and dining areas, and a private office. Soaring ceilings and expansive glass doors and windows flood the home with natural light while creating a seamless indoor-outdoor connection.
The chef’s kitchen impresses with a massive 13 ft quartz island, Wolf appliances, Sub-Zero, full size wine fridge, custom cabinetry, and generous prep space, all opening to the main living areas for effortless entertaining. The primary suite offers a private retreat with spa-inspired bath, dual vanities, soaking tub, walk-in shower, and an expansive boutique-style closet with dressing and fit check area.
A main level flex room serves as a bedroom, second office, or guest space, while an additional room near the primary suite opens to a private patio, ideal as a secluded study, lounge, or pet retreat. Upstairs, the media room opens to a covered balcony capturing sweeping Hill Country and lake views.
The outdoor living is designed for both entertaining and everyday enjoyment with a heated pool and spa, multiple covered patios, and a fully equipped outdoor kitchen that extends the living space outdoors. A rare oversized boat/RV garage with dual access doors adds exceptional functionality.
This is more than a home, it is a private Lake Austin lifestyle offering space, design, and seamless indoor-outdoor living, ideal as a primary residence or luxury second home.
Property Type
Residential
Year Built
2018
Lot Size
0.99 acres
$/Sq Ft
$457
HOA
$7,000/year
Garage
4 spaces
Pool
Yes
Listed by Outlaw Realty
Verified property facts
908 Cypress Grove Dr is listed at $2,575,000 with 6 bedrooms, 4 full bathrooms, 5,639 square feet, 0.99-acre lot. This places it above the ZIP 78732 single-family closed-sale median price of $824,888 (ZIP 78732 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 16, 2026).
908 Cypress Grove 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.
908 Cypress Grove Dr is a Residential built in 2018 featuring 6 bedrooms, 4 full bathrooms, 5,639 square feet, 0.99-acre lot.
908 Cypress Grove Dr is listed by Outlaw Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using public records data reviewed as of Jun 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
3 records on file
Every recorded listing, sale, and lease at 908 Cypress Grove 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 |
|---|---|---|---|---|
2025-9.9% | — | $2,583,126 | — | — |
2024-6.8% | — | $2,866,272 | $450,000 | $2,040,003 |
2023+71.8% | — | $3,076,303 | $450,000 | $2,416,272 |
2022+0.7% | — | $1,790,925 | $450,000 | $2,626,303 |
2021 | — | $1,778,822 | $450,000 | $1,340,925 |

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% ($515K)
Adjustable assumption - not a lending recommendation.
$2,575,000
Luxury property intelligence
A sourced read on Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,575,000
Price per sqft
$457/sqft
Vs. Neighborhood guide reference price
-52.3%
$5.4M · Lake Austin neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$2.5M original
Active inventory context
3 listings
Price Position in Lake Austin
Listed 52% below the Lake Austin neighborhood guide reference price. Lake Austin neighborhood guide · reference price.
Source: Public records and Keenan Group review as of Jun 10, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
908 Cypress Grove Dr is priced at $457 per square foot across 5,639 sqft. The Lake Austin neighborhood guide reference price is $5,400,000 (Lake Austin neighborhood guide · reference price).
The most recent annual property tax for 908 Cypress Grove Dr is $47,286. 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 908 Cypress Grove Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 10, 2026, 908 Cypress Grove Dr is offered at $2,575,000. The current MLS snapshot shows 84 active listings in 78732. Keenan Group has completed 10 verified transactions in 78732 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Lake Austin guide for current neighborhood analysis.
908 Cypress Grove Dr was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing reports HOA or association dues of $7,000 annual for 908 Cypress Grove 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.
Lake Austin is one of Austin's established neighborhoods, zoned for Leander ISD in the 78732 area. The Keenan Group has specialized in 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)
5 events on record
Current Price
$2,575,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.9% | — | $2,583,126 | — | — |
2024-6.8% | — | $2,866,272 | $450,000 | $2,040,003 |
2023+71.8% | — | $3,076,303 | $450,000 | $2,416,272 |
2022+0.7% | — | $1,790,925 | $450,000 | $2,626,303 |
2021 | — | $1,778,822 | $450,000 | $1,340,925 |
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
Neighborhood guide and local insights
Lake Austin is Austin's most exclusive waterfront corridor - 22 miles of constant-level shoreline in 78732, 15 minutes from downtown. Waterfront homes start around $4M and trophy lots with 200+ feet of flat shoreline trade at $15M-$35M+. The lake is controlled by Tom Miller Dam, which maintains consistent water levels year-round - the key advantage over seasonal Lake Travis. This is one of Austin's thinnest markets. Roughly 22 miles of total shoreline, and at any given time only 3-5 homes are actively listed. Many of the best lots trade privately through agent relationships before they ever reach the MLS. The finite supply creates a structural price floor that insulates Lake Austin from broader market cycles. Buyers here want water access as daily life, not a weekend plan. Morning paddleboard, afternoon ski run, burgers at Ski Shores by boat, sunset from your own dock watching Hill Country ridgelines. The practical side matters too: you are inside Austin city limits with full services, 15 minutes from downtown, 10 from the Domain. Four Seasons Private Residences is under development on 145 acres with 188 planned homes - the first significant new inventory since the lake was established. Eanes ISD and Leander ISD serve different sections of the corridor, both with strong school ratings.
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