Rare opportunity in Steiner Ranch this 6 bed, 6 bath, 6,441 sq. ft. estate sits on a double lot just minutes from Lake Austin and comes fully turnkey with a pool, pickleball court, and over $100K in designer furnishings. The home features expansive living spaces including a massive event room that can flex as a playroom, gym, or entertainment hall. Currently operated as a short-term rental, it produced $265K in gross revenue over the past 12 months with projections to exceed $300K in 2026, operating at ~9% cap rate. With $100K in future bookings, no HOA, and outside Austins ETJ saving an additional 11% in city STR taxes this property is both a lifestyle retreat and proven income generator. Contact the listing agent for verified financials, pro formas, and additional details!
Listing Provided Courtesy of Compass RE Texas, LLC
Property Details
Price:
$2,350,000
MLS #:
4304128
Status:
Active
Beds:
6
Baths:
6
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
River Ridge
Listed Date:
Nov 24, 2025
Finished Sq Ft:
6,441
Lot Size:
33,236 sqft / 0.76 acres (approx)
Year Built:
2015
See this Listing
Schools
School District:
Leander ISD
Elementary School:
River Ridge
Middle School:
Canyon Ridge
High School:
Vandegrift
Interior
Appliances
Dishwasher, Disposal, Exhaust Fan, Oven, Stainless Steel Appliance(s), Trash Compactor, Electric Water Heater
Bathrooms
6 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air
Fireplaces Total
1
Flooring
Carpet, Laminate
Heating
Ceiling, Central, Electric
Exterior
Community Features
Golf, Lake, Park, Playground
Exterior Features
Balcony, Dog Run, Garden, Outdoor Grill, Private Yard, Sport Court
Other Structures
None
Parking Features
Attached, Door-Multi, Garage Door Opener, Garage Faces Front
Roof
Composition
Financial
Taxes
$18,372
Map
Community
- Address1116 Terjo LN Austin TX
- SubdivisionRiver Ridge
- CityAustin
- CountyTravis
- Zip Code78732
Market Summary
Current real estate data for Single Family in Austin as of Mar 06, 2026
3,106
Single Family Listed
93
Avg DOM
401
Avg $ / SqFt
$1,058,870
Avg List Price
Property Summary
- Located in the River Ridge subdivision, 1116 Terjo LN Austin TX is a Single Family for sale in Austin, TX, 78732. It is listed for $2,350,000 and features 6 beds, 6 baths, and has approximately 6,441 square feet of living space, and was originally constructed in 2015. The current price per square foot is $365. The average price per square foot for Single Family listings in Austin is $401. The average listing price for Single Family in Austin is $1,058,870. To schedule a showing of MLS#4304128 at 1116 Terjo LN in Austin, TX, contact your Ensor & Co., Realtors agent at 512-640-9277.
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