Active Listing  ·  61 days on market

103 Crescent Bluff None

Lakeway, TX 78734
$650,000
4 Bed 5 Bath 3,069 sqft $212/sqft Built 1982 0.12 acres 2-Car Garage Pool Lakeway, Cedar Glen Sec 01

Come experience this unique getaway retreat in the Heart of Lakeway! Embrace a tranquil, treehouse lifestyle in this meticulously designed updated residence where innovative architecture meets modern luxury. No carpet. The home features an exceptional inverse floor plan, placing the main living areas on the upper level to perfectly capture elevated breezes, abundant natural light and Lake Travis views framed by front picture windows. Enjoy morning coffee on covered deck overlooking peaceful shady views. The heart of the home is a seamless, open-concept great room with a fireplace that effortlessly links the living, dining and kitchen. Remodeled kitchen boasts quartz countertops, high-end stainless appliances including wine refrigerator and abundant cabinet and counter space. The primary suite provides a private sanctuary complete with large walk-in closet and a spa-like bath, walk-in shower and dual vanities. The lower level is ideal for family or guests with three additional spacious bedrooms. Two bedrooms feature private en-suite baths, while the third bedroom offers a flexible layout with direct guest-bath access ideal for an executive home office, media room or private gym. Enjoy a true lock-and-leave lifestyle with the landscaped front yard and rear green space fully maintained by the HOA. Solar panels for lower electricity bills. Situated in an exclusive 60-home enclave, you are directly across the street from private resort amenities including a sparkling pool, clubhouse, hot tub, pickleball and sports court. Minutes from Lake Travis, Lakeway City Park, local shopping, restaurants, fitness center and much more. Lake Travis ISD

At $212/sqft, this home is 35% 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

103 Crescent Bluff None, Lakeway, TX 78734

Property Details

Price $650,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,069 sqft
Lot Size 0.12 acres (5,131.37 sqft)
Year Built 1982
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway, Cedar Glen Sec 01
County Travis
Zip Code 78734
$/sqft $212/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $11,909.19
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240805775
List Date July 24, 2026
Elementary School Serene Hills
Middle School Hudson Bend
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.

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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 · July 24, 2026 $675,000
Current ask $650,000
Reduced $25,000 (-3.7%) 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
408 SAILMASTER St #B
Lohmans Crossing Estates
$650,000 $325 3 bd / 2 ba 1,997 sqft , 2026-09-17
107 Copperleaf Rd
Lakeway Sec 24
$659,000 $283 3 bd / 2 ba 2,328 sqft , 2026-02-25
104 Morning Cloud St
Lakeway Sec 24-C
$639,000 $243 4 bd / 3 ba 2,628 sqft , 2026-05-16
124 Firebird St
Lakeway Sec 17A
$632,000 $280 3 bd / 3 ba 2,256 sqft , 2026-07-21
217 Sailors Run
Lohmans Crossing Estates Sec 5
$625,000 $252 4 bd / 3 ba 2,479 sqft , 2026-08-27

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 21, 2026.

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