ActiveResidential · sale

10908 River Terrace

Austin, TX 78733

$2,995,000

  • 4 beds
  • 4 baths
  • 3,253 sq ft
  • 0.63 acres
  • Built 1995

Listed by Compass RE Texas, LLC · MLS #ACT5697168

A FEW THINGS TO NOTICE

What stands out.

Living spaces

A sunken living room anchors the home with architectural flair, while the chef’s kitchen and dining area invite effortless entertaining.

Details worth a look

This stunning lock-and-leave modern farmhouse—designed by acclaimed architect Jeffrey Berkus as his personal retreat—rests in a secluded setting at the end of scenic Commons Ford Road, just steps from the property’s deeded boat dock with lift, storage locker, and tanning deck on the coveted waters of Lake Austin.

Year built

Built in 1995.

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

THE PROPERTY

Get to know the property.

This stunning lock-and-leave modern farmhouse—designed by acclaimed architect Jeffrey Berkus as his personal retreat—rests in a secluded setting at the end of scenic Commons Ford Road, just steps from the property’s deeded boat dock with lift, storage locker, and tanning deck on the coveted waters of Lake Austin. The dock and slip alone—valued at over $1 million—underscore the extraordinary opportunity this property presents. Both the main residence and guesthouse showcase curated natural materials, including stone columns, wood-framed windows, designer inlaid concrete floors, and a freshly repainted interior that enhances the home’s warm, modern aesthetic. The main house offers three bedrooms, three baths, and three distinct living areas. A sunken living room anchors the home with architectural flair, while the chef’s kitchen and dining area invite effortless entertaining. Each bedroom features a charming loft—ideal for a fitness nook, studio, or additional sleeping space. The serene primary suite includes a sitting area with treetop views and a newly remodeled spa-like bath with soaking tub, seamless glass shower, and custom closets. A lofted office opens to a skywalk leading to a multilevel deck shaded by heritage oaks, with a fire pit terrace overlooking the private wooded backyard—perfect for intimate gatherings or quiet evenings. The guesthouse offers a kitchenette, full bath, living area, and a hidden second-story bedroom with a private balcony. Located in Panorama Ranch within acclaimed Eanes ISD, this property blends privacy, architectural distinction, and priceless waterfront access, open meadow views, and the rare luxury of direct Lake Austin living—offering an exceptional opportunity to own a true waterfront retreat.

THE NEIGHBORHOOD

Explore the location.

10908 River Terrace, Austin, TX 78733

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1995
Full baths
4
Half baths
0
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric
Appliances
Built-In Gas Range, Dishwasher, Disposal, Ice Maker, Wine Refrigerator
Flooring
Concrete, Tile, Wood
Fencing
Wrought Iron
Accessibility
None
Pool features
None
Subdivision
Panorama Ranch Sec 01
Parcel
01334001120000
HOA
Panorama Ranch
HOA amenities
Maintenance Grounds, Maintenance Structure, Trash
HOA fee frequency
Annually
Elementary school
Barton Creek
Middle school
West Ridge
High school
Westlake
Annual property tax
$42,583.80
HOA fee
$1,800.00

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$5,335.23
Estimated monthly rent$12,479.17
Cap rate2.39%

Annual operating income: $71,510.23

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Adjust assumptions
Purchase price
Rental income & operating costs

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

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.

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

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

Estimated monthly principal & interestLoan 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

See its potential.
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.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

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.

Meet ERA Property Management

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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10908 River Terrace, Austin, TX 78733 · MLS #ACT5697168

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Listing information

MLS #ACT5697168 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Joanie Capalupo

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