Active Listing  ·  96 days on market

108 Crest View Dr

Lakeway, TX 78734
$1,249,900
4 Bed 5 Bath 4,247 sqft $294/sqft Built 2004 0.33 acres 3-Car Garage Pool Lakeway Sec 22

Nestled in the heart of Old Lakeway, this exceptional home offers the perfect blend of location, lifestyle, and thoughtful design. Just a short distance from the soon-to-be-completed Lakeway Square, you'll enjoy easy access to shopping, dining, and entertainment while living on a quiet, tree-lined street.

The home features four spacious bedrooms, each with its own ensuite bath. The fully remodeled and reimagined main level is designed for modern living and effortless entertaining, with two inviting living areas connected by a striking double-sided fireplace with custom built-ins. Expansive windows showcase breathtaking views of the Yaupon Golf Course and fill the home with natural light.

The beautifully updated kitchen features JennAir appliances, including a built-in refrigerator, and sweeping golf course views. The main level also includes a private primary suite with a spa-inspired bath featuring a soaking tub, oversized double-head shower, and dual closets, along with a dedicated office, powder room, and a secluded guest suite ideal for visitors or multigenerational living.

Downstairs, two oversized ensuite bedrooms accompany a flexible living space perfect for a game room, playroom, or second living area, plus a separate media room. This level opens directly to the flat backyard, creating seamless indoor-outdoor living.

Set on one-third of an acre backing to the 10th green of Yaupon Golf Course, the property offers a rare ground-level walkout, a covered patio with stunning sunset views, and plenty of room for a pool (see rendering in photos).

Enjoy quick access to FM 620 and a short golf cart or bike ride to highly acclaimed Lakeway Elementary without using Lakeway Boulevard. A private neighborhood path connects to The Oaks Shopping Center (H-E-B, Torchy's Tacos, High 5, etc.).

Originally designed by Louis Hausman and nestled beneath majestic oak trees, this timeless home includes a three-car garage and offers the very best of Lakeway living.

At $294/sqft, this home is 10% 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

108 Crest View Dr, Lakeway, TX 78734

Property Details

Price $1,249,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 4,247 sqft
Lot Size 0.33 acres (14,501.12 sqft)
Year Built 2004
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 22
County Travis
Zip Code 78734
$/sqft $294/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,095.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236976620
List Date June 19, 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 →

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 · June 19, 2026 $1,299,000
Current ask $1,249,900
Reduced $49,100 (-3.8%) 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
801 Electra None
Lakeway Sec 17
$1,149,000 $298 5 bd / 5 ba 3,858 sqft , 2026-08-21
7 Sunview Rd
Hills Lakeway Ph 08
$1,449,990 $354 5 bd / 5 ba 4,095 sqft , 2026-03-06
15098 Dorothy Dr
Cardinal Hills Unit 04A
$1,019,237 $231 5 bd / 5 ba 4,415 sqft , 2026-07-14
407 Bella Montagna Cir
Bella Montagna
$1,490,000 $352 4 bd / 4 ba 4,228 sqft , 2026-06-02
303 ROLLING GREEN Dr
Lakeway Sec 22
$979,000 $341 4 bd / 4 ba 2,874 sqft , 2026-05-09

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
$6,000/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
$249,980
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,821
Property Tax (~2.1% TX avg)−$2,187
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,529

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 →