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Rare Opportunity: Your Private Hill Country Sanctuary with Unlimited Potential. Discover the ultimate blank canvas for a high-end residential compound or a luxury collector’s retreat. Nestled on 4.8 sprawling acres in the prestigious Lake Travis ISD, 15005 Iowa Street offers a level of freedom rarely found in the 78734 zip code. Located within the Austin ETJ, this property is free from city zoning and city property taxes, providing the perfect landscape for a primary architectural masterpiece paired with multiple luxury Toy Barns or high-end garage apartments. The Vision: Imagine a private gated entrance leading to a main estate, beautiful home, and privacy near Lake Travis. Or several premium multi-bay garage structures. Following the trend of the area’s most exclusive hobbyist retreats, this acreage is ideal for constructing high-end metal or concrete buildings featuring climate-controlled bays for exotic car collections or workshops, topped with sophisticated 1-2 bedroom living quarters. Development Advantages: Jurisdiction: Situated in the Austin ETJ—No City Taxes and No City Zoning restrictions. Versatility: Ample space for a private wastewater plant or advanced septic systems, allowing for high-density luxury condo-style garage units. There is also city water and sewer just a few lots down the street that could possibly be expanded to the property. Privacy: Surrounded by the natural elevation and mature oaks of Cardinal Hills, ensuring a secluded atmosphere for your most prized collections. No HOA. Low Tax Rate. Infinite Possibility. Buyer and agent is responsible for verifying any and all building requirements.

Source: Austin MLS, MLS#: 3869181

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  • Property Type
    Commercial Sale
  • Lot
    4.11 acres

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Pamela Buske

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 15005 Iowa ST


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/9/2026Source: Austin MLS Price Reduction
$1,282,000 -1.4%
4/1/2026Source: Austin MLS Added to Database
April 01, 2026
Listing provided courtesy of Realty Texas LLC- MLS# 3869181MLS Provider