178 Sleepy Oaks

Kingsland, TX 78639

$1,700,000

3 beds
3 baths
2,895 sq ft
0.47 acres
Built 2011

Listed by Horseshoe Bay Resort Realty · MLS #ACT5419896

178 Sleepy Oaks, Kingsland, TX 78639 — photo 1

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Inside, the living room boasts soaring wood-beamed ceilings and windows framing the pool.

Details worth a look

Two sophisticated primary suites offer total privacy, each with patio access and spa-like baths.

Year built

Built in 2011.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Waterfront Luxury & STR Opportunity in Hill Country Cove Experience the perfect balance of security, serenity, and
income potential in this former Parade of Homes masterpiece. Located in the exclusive, gated community of Hill
Country Cove, this estate offers the best of lake living: the peaceful, wake-free waters of a deep-water canal with the
main body of the lake just a 2-minute boat ride away. This subdivision allows Short-Term Rentals (Airbnb/Vrbo),
making it a premier asset for investors or a perfect family retreat. Inside, the living room boasts soaring wood-beamed
ceilings and windows framing the pool. The chef’s kitchen features stainless KitchenAid appliances, granite counters,
and custom cabinetry. Two sophisticated primary suites offer total privacy, each with patio access and spa-like baths. A
third bedroom and an entryway study (easily a 4th bedroom) provide ample space for guests. The outdoor oasis is
unmatched. Enjoy 87’ of waterfront with a stone retaining wall. The canal setting provides true peace of mind; kids
and grandkids can swim or paddleboard in calm, glass-like water without the worry of fast boats or large wakes. The
massive double-slip boathouse includes extensive toy storage and is crowned by a sprawling rooftop party deck with a
deluxe 8-person spa—the ultimate spot for sunset soirées and stargazing. Whether looking for a family
compound or a turnkey investment, life doesn’t get better than this.

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THE NEIGHBORHOOD

Explore the location.

178 Sleepy Oaks, Kingsland, TX 78639

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 2011
Full baths: 3
Half baths: 0
Garage spaces: 2
Cooling: Central Air
Heating: Electric
Appliances: Built-In Oven(s), Electric Cooktop, Dishwasher, Double Oven, Stainless Steel Appliance(s)
Flooring: Carpet, Tile, Wood
Fencing: None
Accessibility: None
Pool features: In Ground
Subdivision: Hill Country Cove
Parcel: 1022800000040
HOA: Hill Country Cove
HOA amenities: Common Area Maintenance
HOA fee frequency: Annually
Elementary school: Llano
Middle school: Llano
High school: Llano
Annual property tax: $12,816.80
HOA fee: $200.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$4,043.59

Estimated monthly rent$7,083.33

Cap rate3.10%

Annual operating income: $52,773.13

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Adjust assumptions

Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimate Talk through your management needs

Stone-front home with a landscaped lawn and central entry — A more complete plan for your property

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A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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178 Sleepy Oaks, Kingsland, TX 78639 · MLS #ACT5419896

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Listing information

MLS #ACT5419896 · Austin Board of Realtors

Listing brokerage: Horseshoe Bay Resort Realty
Listing agent: Trey Wood

Listing status: Active. Record updated May 15, 2026. Confirm current availability and price with the listing agent.