Unique Lake Austin Opportunity with 3 Income-Producing Possibilities! MULTIPLE HOUSES offer a rare combination of lifestyle, flexibility, and built-in income potential. Just two blocks from Lake Austin with access to a free public boat ramp, this one-of-a-kind property blends luxury living, thoughtful design, and multiple income opportunities. The main 3-bed, 2.5-bath residence offers soaring 10-foot ceilings, English Oak wood flooring, detailed modern trim, and a stunning solid mahogany front door. The kitchen features a professional Bertazzoni oven, KitchenAid Gallery refrigerator, top-quality Asko dishwasher, built-in wine/drink fridge, all complemented by sleek concrete-look quartz countertops. A fully separate 2-bed, 2-bath apartment opens the door to a true “rent and live” scenario—live comfortably in the main home while generating income next door, or “rent both” for maximum cash flow potential. Ideal setup for multi-generational living, offering two distinct households the ability to live close while maintaining privacy and independence. Three oversized boat storage bays (10’x12’ and 31’ deep) add yet another layer of opportunity. Option to convert an additional 1,238 SQFT into live/work-space or just use for additional rental income, workshops, or secure storage for all your lake gear. The outdoor space is just as impressive and flexible. A beautiful tigerwood deck, rust-textured railing, ceiling fans for the multiple patios, decks, sitting areas, and oversized Pella windows create a seamless connection to the surrounding trees, nature and views. Designed for comfort and peace of mind, it has features like a fire suppression system, oversized smart and tank water heaters, and an oversized septic system. Located in a high appreciating area with NO HOA. If you’re looking to offset your mortgage, build income streams, or create a long-term family compound near Lake Austin, this property gives you options. Opportunities like this don’t come around often.
Active
Price cut: $50K (9/25)
$1,449,999
1301 Minnie Dr, Austin, TX 78732
5beds
3,007sqft
Single Family Residence
Built in 2026
0.29 Acres Lot
$-- Zestimate®
$482/sqft
$-- HOA
What's special
Detailed modern trimOversized pella windowsEnglish oak wood flooringBeautiful tigerwood deckTop-quality asko dishwasherProfessional bertazzoni ovenKitchenaid gallery refrigerator
- 75 days
- 329
- 14
Zillow last checked:
Listing updated:
Listed by:
Derrik Hammer (817) 229-3405,
Hammer Real Estate Company (817) 229-3405
Source: Unlock MLS,MLS#: 1478351
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Electric, ENERGY STAR Qualified Equipment, Exhaust Fan, Heat Pump, Hot Water, Propane, Propane Stove, Separate Meters
Cooling
- Attic Fan, Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Exhaust Fan, Humidity Control, Multi Units, Separate Meters, Varies by Unit, Zoned
Appliances
- Included: Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Electric Cooktop, Electric Range, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Exhaust Fan, Gas Cooktop, Gas Range, Humidifier, Microwave, Propane Cooktop, RNGHD, Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Electric Water Heater
Features
- 2 Primary Baths, 2 Primary Suites, High Ceilings, Vaulted Ceiling(s)
- Flooring: Wood
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Low Emissivity Windows, Screens, Vinyl Windows
Interior area
- Total interior livable area: 3,007 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Asphalt, Attached, Boat, Enclosed, Guest, Inside Entrance, Kitchen Level, Oversized, RV Garage, Storage, Workshop in Garage
- Attached garage spaces: 5
Accessibility
- Accessibility features: Adaptable Bathroom Walls, Accessible Bedroom, Central Living Area, Accessible Closets, Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Hand Rails, Accessible Kitchen, Accessible Stairway, Accessible Washer/Dryer
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Side Porch
- Exterior features: Balcony, Boat Ramp, CCTYD, Exterior Steps
- Pool features: None
- Fencing: Partial
- Has view: Yes
- View description: Lake, Panoramic, River, Rural, Trees/Woods
- Has water view: Yes
- Water view: Lake,River
- Waterfront features: None
Lot
- Size: 0.29 Acres
- Features: Back Yard, Front Yard, Landscaped, Private, Trees-Large (Over 40 Ft), Views
Details
- Additional structures: Guest House, Second Residence, Workshop
- Parcel number: 125851
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Builder name: That Lake Property, LLC
Utilities & green energy
- Sewer: Engineered Septic, Shared Septic
- Water: Public
- Utilities for property: Above Ground, Electricity Connected, Propane, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Fishing, High Speed Internet, Lake, Park
- Subdivision: Lakeland Park
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $482/sqft
- Tax assessed value: $559,435
- Date on market: 7/24/2026
- Listing terms: Cash,Conventional,1031 Exchange,FHA,FMHA (Fannie Mae),Texas Vet,VA Loan
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Price change | $1,449,999-3.3%$482/sqft |
Source: | ||
| 7/24/2026 | Listed for sale | $1,499,999+838.1%$499/sqft |
Source: | ||
| 6/18/2009 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 1/9/2009 | Listing removed | $159,900$53/sqft |
Source: Coldwell Banker** #4104645 Report a problem | ||
| 8/2/2008 | Listed for sale | $159,900-20.1%$53/sqft |
Source: Coldwell Banker** #4104645 Report a problem | ||
| 12/5/2007 | Listing removed | $200,000$67/sqft |
Source: Listhub #2398061 Report a problem | ||
| 11/24/2007 | Listed for sale | $200,000$67/sqft |
Source: Listhub #2398061 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $559,435 +86.5% |
| 2024 | $5,185 +1.9% | $300,000 |
| 2023 | $5,087 -9.7% | $300,000 |
| 2022 | $5,631 | $300,000 +215.8% |
| 2021 | -- | $95,000 |
| 2020 | $2,003 -0.4% | $95,000 |
| 2019 | $2,011 -3.3% | $95,000 |
| 2018 | $2,080 | $95,000 |
| 2017 | $2,080 +51.4% | $95,000 |
| 2016 | $1,373 | $95,000 +58.3% |
| 2015 | $1,373 | $60,000 |
| 2014 | $1,373 | $60,000 |
| 2013 | -- | $60,000 |
| 2012 | -- | $60,000 -71.6% |
| 2011 | -- | $211,126 +106.8% |
| 2010 | -- | $102,100 -4.5% |
| 2009 | -- | $106,878 -4% |
| 2008 | -- | $111,375 +126.7% |
| 2007 | -- | $49,127 |
| 2006 | -- | $49,127 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: River Place
Nearby schools
Schools provided by the listing agent
- Elementary: River Ridge
- Middle: Canyon Ridge
- High: Vandegrift
- District: Leander ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







