Active Listing  ·  58 days on market

105 Pennybacker Ln

Lakeway, TX 78738
$729,900
4 Bed 4 Bath 2,516 sqft $290/sqft Built 2026 0.10 acres 2-Car Garage Pool The District

MLS# 2553522 - Built by Drees Custom Homes - Nov 2026 completion! ~ New 4 BR , 3.5 BA home in Lakeway, TX. The beautifully designed Bluebonnet floor plan welcomes you with a grand foyer that flows effortlessly into a spacious open-concept layout, featuring a light-filled family room, elegant dining area and gourmet kitchen ideal for both everyday living and entertaining. Thoughtfully designed for comfort and convenience, the private primary suite is tucked away on the main level, creating a peaceful retreat complete with luxurious finishes and ample space to unwind. A dedicated home office provides the flexibility today's homeowners need, whether working remotely or managing daily life. One of the home's most impressive features is the spectacular two-story outdoor living area, offering the perfect setting for relaxing evenings, weekend gatherings, and enjoying the natural beauty of the Texas Hill Country. Upstairs, a versatile gameroom creates additional living space for movie nights, recreation or family gatherings, while three secondary bedrooms provide plenty of room for family members and guests. With its open design, modern architecture, abundant natural light and thoughtful attention to detail, this new construction home delivers the ideal balance of luxury and functionality. Located near Lake Travis, top-rated schools, shopping, dining, golf, and outdoor recreation, this exceptional Lakeway home offers the lifestyle you've been searching for in one of the Austin area's most sought-after communities.

At $290/sqft, this home is 11% 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

105 Pennybacker Ln, Lakeway, TX 78738

Property Details

Price $729,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,516 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The District
County Travis
Zip Code 78738
$/sqft $290/sqft
Days on Market ,
HOA $416/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241351828
List Date July 27, 2026
Elementary School Lake Travis
Middle School Lake Travis
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 · July 27, 2026 $735,900
Current ask $729,900
Reduced $6,000 (-0.8%) 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
403 Austin Heights Rd
The District
$739,900 $264 4 bd / 4 ba 2,800 sqft , 2026-02-26
122 Feritti Dr
Rough Hollow- East Rim
$745,000 $296 4 bd / 3 ba 2,520 sqft , 2026-09-06
112 Pennybacker Ln
The District
$699,900 $333 3 bd / 3 ba 2,104 sqft , 2026-05-22
405 Austin Heights Rd
The District
$699,900 $291 4 bd / 4 ba 2,409 sqft , 2026-04-16
26 Maybury Way
Rough Hollow Condos
$699,000 $388 3 bd / 3 ba 1,800 sqft , 2026-03-11

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
$3,504/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
$145,980
20% conventional investment loan

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

Estimated Gross Rent+$3,504
Principal + Interest−$3,983
Property Tax (~2.1% TX avg)−$1,277
Insurance (~0.5%)−$304
Est. Monthly Cash Flow $-2,060

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 →