Active Listing  ·  33 days on market

106 El Norte Ct

Lakeway, TX 78734
$850,000
4 Bed 3 Bath 2,640 sqft $322/sqft Built 1986 0.40 acres 2-Car Garage Pool Lakeway Sec 26

Tucked beneath a canopy of magnificent mature oaks on a private .40-acre cul-de-sac lot, this distinctive Lakeway home offers an exceptional combination of character, privacy and relaxed indoor-outdoor living. A welcoming front porch sets the tone, while inside, soaring wood-beamed ceilings and dramatic floor-to-ceiling windows fill the main living area with natural light and frame beautiful views of the backyard and pool. A limestone fireplace adds warmth and character, complemented by wood floors, plantation shutters and thoughtfully updated finishes throughout.

The kitchen opens to the living area and features granite countertops, a marble subway tile backsplash, stainless steel appliances, abundant cabinetry, a butcher-block island with wine storage and a farmhouse sink. Multiple living and dining spaces provide flexibility for both everyday living and entertaining.

Upstairs, the spacious primary suite includes a sitting area and private balcony overlooking the living room and backyard, along with an updated bath featuring dual vanities, a soaking tub, oversized walk-in shower and generous closet. Three additional bedrooms and a loft/game room provide plenty of additional space.

Outside, the home truly shines. Recently installed multiple, expansive decking and patio areas surround the heated pool and spa, creating a private retreat shaded by towering trees and designed for year-round enjoyment. With a large, level lot, abundant outdoor living space and a peaceful setting, the property feels wonderfully secluded while remaining in the heart of Lakeway.

Located close to Lake Travis, golf, parks, trails, shopping and dining, and served by highly regarded Lake Travis ISD. No HOA.

At $322/sqft, this home is priced in line with the Lakeway market average of $327/sqft across 124 active listings. View Austin market report →

Location

106 El Norte Ct, Lakeway, TX 78734

Property Details

Price $850,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,640 sqft
Lot Size 0.40 acres (17,424 sqft)
Year Built 1986
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 26
County Travis
Zip Code 78734
$/sqft $322/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,281.75
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243511472
List Date August 21, 2026
Elementary School Lakeway
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.

Schedule a Call →

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
310 Golf Crest Ln
Lakeway Sec Clusters 28 05
$849,900 $379 3 bd / 3 ba 2,241 sqft , 2026-09-11
207 Spellbrook Ln
Lakeway Sec Clusters 28 02
$849,000 $263 3 bd / 3 ba 3,228 sqft , 2026-07-31
124 Lakeway Dr
Lakeway Sec 01
$840,000 $331 3 bd / 3 ba 2,539 sqft , 2026-09-09
220 Clubhouse Dr
Lakeway
$865,000 $301 4 bd / 4 ba 2,870 sqft , 2026-06-02
308 Cedar Hurst Ln
Round Mountain
$890,000 $451 3 bd / 3 ba 1,974 sqft , 2025-10-28

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
$4,080/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
$170,000
20% conventional investment loan

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

Estimated Gross Rent+$4,080
Principal + Interest−$4,639
Property Tax (~2.1% TX avg)−$1,488
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,401

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

More Luxury Homes in Lakeway

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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 14, 2026.

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