924 Cypress Grove Dr, Austin, TX 78732

Welcome to 924 Cypress Grove Drive, a prime real estate opportunity nestled along the serene shores of Lake Austin. This expansive 2-acre property presents an unparalleled canvas for crafting the home of your dreams. Boasting +/-150’ of waterfront, this parcel offers a rare and coveted connection to the picturesque lake, inviting you to embrace a lifestyle defined by tranquility, privacy, and natural beauty. Seize the chance to build a modern lakefront estate with Sam Burch plans for a luxurious, contemporary residence designed to harmonize seamlessly with the natural beauty of its surroundings. Meticulously crafted and engineered plans for a private boat dock and limestone bulkhead are included, with permits ready to be reactivated to begin construction. The lot is cleared, with water, sewer, power, and internet all installed, while water well and lake water draws are permissible. Approximately $650,000 has already been invested in design and development. Imagine enjoying the convenience of having your own waterfront retreat, where serene days on Lake Austin are just steps away. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

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.