Turnkey opportunity to acquire a luxury short-term rental (STR) portfolio in Austin’s most sought-after lakefront markets. This offering includes two fully furnished, high-performing homes on Lake Travis and Lake Austin — rare trophy assets positioned in 78734 and 78746.

The portfolio generated ~$360,000 in trailing-12-month gross revenue, with projected NOI of $270,000–$320,000 in 2025 and stabilization to $350,000–$400,000 by 2026. At prevailing Austin luxury STR cap rates, this performance supports valuations of $6.5M–$8.0M, creating immediate equity upside at the current $5.6M asking price.

Both homes convey with clean titles, no HOA restrictions, and no permitting risk. Each property is fully outfitted with premium furnishings, pools, spas, panoramic decks, and smart home automation. Professional property management is in place and can remain, making this a low-touch, high-yield investment for out-of-state buyers or portfolio operators.

Bookings are diversified across Airbnb, Vrbo, Booking.com, and a direct booking platform, with repeat guest history supporting consistent occupancy.

Key Investment Features:

$360K TTM gross revenue
$270K–$320K projected NOI in 2025
$350K–$400K stabilized NOI in 2026
Premium Lake Travis + Lake Austin locations
No HOA, fully licensed STRs with strong repeat guest history
Professional management in place for turnkey operations

Seller is reallocating capital to a new venture and will provide full transition support. This is a rare opportunity to own appreciating lakefront real estate that also produces cash flow from day one.