
$825,000
Condo54 Rainey 502, Austin, TX
Listings presented by Erik Applegate, REALTOR®Rudder Realty












1004 Linscomb Dr, Austin, TX 78734
Why Koti picked this home
Nestled on 1.15 acres, this 3-bed home features a private boat dock and expansive living spaces with beamed ceilings.
Set along a quiet private drive, this 1.15-acre property offers a rare opportunity to secure elevated Lake Travis waterfront in one of Lakeway’s most desirable pockets. With over 100 feet of shoreline and sweeping views across the cove, the setting delivers both privacy and long-term upside. Positioned above the waterline, the homesite provides a significant advantage for future construction. The elevation allows for new development without the need for stilts, creating a more efficient and flexible build process compared to many neighboring waterfront properties. The existing improvements include multiple structures, a grandfathered lakeside pavilion with indoor studio and half bath, and a two-slip boat dock with party deck. Mature trees, established stonework, and terraced paths lead down to the water, giving the property a sense of character and scale that is increasingly difficult to replicate. While the current home and structures offer potential for renovation, the highest and best use is likely redevelopment. This property reflects the growing emphasis on premier waterfront land, offering a generous footprint, usable topography, and exceptional positioning on the lake. Whether envisioned as a custom estate or a long-term investment, this is a standout opportunity to create something truly special on Lake Travis.

IDX data provided by Unlock MLS, distributed via MLS GRID.Listing courtesy of Emily Lottman, Phyllis Browning Company.
IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of Oct 23, 2026, 3:46 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing agent (MLS attribution)
Emily Lottman
Phyllis Browning Company
$825,000
House1203 Cedar, Austin, TX
Listed— $995,000
Apr 28, 2026
Price reduced— $875,000
Previously $995,000
Oct 12, 2026 (approximate)
Price reduced— $825,000
Previously $875,000
Sep 15, 2026
Price history reflects changes Koti has observed through its MLS data feed and may not capture every change to this listing. Dates marked "approximate" reflect when Koti first recorded the value, not necessarily when the change actually occurred.