Active Listing  ·  5 days on market

1004 Biscayne Cv SW

Lakeway, TX 78734
$555,000
3 Bed 2 Bath 2,347 sqft $236/sqft Built 1971 0.32 acres 2-Car Garage Pool Lakeway Sec 08

Welcome to 1004 Biscayne Cove, where classic Lakeway character meets spacious, flexible living just minutes from Lake Travis and two nearby golf courses. Set beneath mature trees, this distinctive stone home makes a memorable first impression with its circular drive, beautiful masonry, and inviting covered entry.

Inside, a fresh full-interior paint update creates a bright, clean backdrop throughout. The open kitchen features granite countertops, abundant cabinetry, stainless steel appliances, and a breakfast bar that connects easily to the surrounding living and dining spaces. A striking stone fireplace brings warmth and character to the main living area, while large windows fill the home with natural light.

One of the home's standout features is the expansive additional family/game room—a versatile space with French doors to the backyard that could easily accommodate entertaining, a media room, home office, fitness area, playroom, or multiple uses. Hard-surface flooring throughout much of the home offers easy everyday living, and the dedicated laundry room provides additional storage.

Recent improvements include a new 50-year roof, freshly pumped septic system, and complete interior paint—valuable updates already taken care of for the next owner.

Enjoy the Lakeway lifestyle with Lake Travis, golf, recreation, dining, and everyday conveniences nearby. With its spacious floor plan, mature setting, classic stone architecture, and incredible potential, 1004 Biscayne Cove is a home you'll want to experience in person. Come see the space, character, and possibilities for yourself.

At $236/sqft, this home is 28% below the Lakeway active market average of $327/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1004 Biscayne Cv SW, Lakeway, TX 78734

Property Details

Price $555,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,347 sqft
Lot Size 0.32 acres (13,947.91 sqft)
Year Built 1971
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 08
County Travis
Zip Code 78734
$/sqft $236/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,195.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246910256
List Date September 18, 2026
Elementary School Lakeway
Middle School Bee Cave Middle School
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Lakeway and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 18, 2026 $575,000
Current ask $555,000
Reduced $20,000 (-3.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Lakeway

Comparable Listings Right Now

Homes currently for sale in Lakeway with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
207 Fairlake Cir
Fairlake Condo, Lakeway
$549,900 $270 3 bd / 3 ba 2,039 sqft , 2026-07-01
302 Seawind St
Seawind 03
$549,000 $282 3 bd / 2 ba 1,944 sqft , 2025-09-17
110 Blue Jay Dr
Lakeway Sec 16-D
$549,000 $265 3 bd / 2 ba 2,074 sqft , 2026-07-08
223 The Hills Dr #3
Lakeside & Greens Condo
$569,900 $273 2 bd / 2 ba 2,086 sqft , 2026-04-28
109 White Sands Dr
Lakeway Sec 26
$540,000 $270 3 bd / 3 ba 1,998 sqft , 2025-12-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,664/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$111,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,664
Principal + Interest−$3,029
Property Tax (~2.1% TX avg)−$971
Insurance (~0.5%)−$231
Est. Monthly Cash Flow $-1,567

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Lakeway, TX

Lakeway sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 30 min E
Downtown Austin 30 min E via 71
Westlake corridor 15 min E

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →