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3138 Chisholm TrlOn Market

3138 Chisholm Trl

Austin, TX 78734 · Travis County

MLS #2164554

$1,599,000
5bd · 4ba · 3,658 sqft · built 2022

A luxury modern retreat built in 2022 in the Apache Shores community, with breathtaking panoramic canyon and water views. Five bedrooms and four full baths span 3,658 sqft, with a chef's kitchen featuring premium stainless appliances, quartz countertops, and a waterfall island. Resort-style outdoor living includes a heated pool and spa, a fire pit, expansive patios, and a rooftop deck with sunset views; residents also get exclusive access to Apache Shores' private Lake Austin waterfront park. Currently operating as a successful turnkey short-term rental, with booking trends on pace for approximately $185,000/yr in gross revenue, and future bookings convey with the sale. On the market via MLS #2164554, listed by Jenny Cureton, Compass.

Erika's take

Built 2022, 5 BR with panoramic canyon & water views, backing up to Apache Shores Lake with plot-level water access. About 20 minutes / 21 miles to downtown Austin, 10 minutes to Lakeway.

Tax play notes

77% improvement-to-land ratio per Travis CAD's 2026 assessment ($857,125 improvement of $1,114,463 total) on this 2022-built home — a strong cost segregation candidate given the recent construction and layered amenities (pool/spa, fire pit, rooftop deck).

Projected annual revenue
$160,000
Avg nightly rate
—
Avg occupancy
—
Gross yield
10%

~$160,000/yr estimated revenue. Compass listing notes current booking trends on pace for ~$185,000/yr, with future bookings conveying with the sale.

Assessed value — land vs. improvement (2026)

Land
Improvement
Land value
$257,338
Improvement value
$857,125
Total assessed
$1,114,463
Source: county appraisal district record ↗

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Added Sep 17, 2026