Active Listing  ·  288 days on market

109 Pennybacker Ln

Lakeway, TX 78738
$679,900
4 Bed 4 Bath 2,387 sqft $285/sqft Built 2024 0.10 acres 2-Car Garage Pool New Construction The District

Welcome to Rough Hollows niche neighborhood - The District with connectivity and steps away from exclusive Resort Lifestyle Amenities in the heartbeat of the community at Highland Village. Where residents are members at the award winning RH Yacht Club and Marina, Live the Rough LIFE! Appointments available with or without buyers agent present. If you're unfamiliar with Rough Hollow or the surrounding area, no problem—I've been a part of this community for over 15 years and have over 35 years of experience in the Lake Travis and Hill Country region. I'll be available during your visit to personally share what makes the luxury lake lifestyle of Rough Hollow Lakeway so special. If you'd like a full tour of the community amenities, we have access to all of them—just let me know in advance and plan to add about 45 minutes to your visit.

At $285/sqft, this home is 13% 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

109 Pennybacker Ln, Lakeway, TX 78738

Property Details

Price $679,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,387 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The District
County Travis
Zip Code 78738
$/sqft $285/sqft
Days on Market ,
HOA $530/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT213652787
List Date December 9, 2025
Elementary School Serene Hills
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 · December 9, 2025 $689,900
Current ask $679,900
Reduced $10,000 (-1.4%) 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
26 Maybury Way
Rough Hollow Condos
$699,000 $388 3 bd / 3 ba 1,800 sqft , 2026-03-11
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
105 Pennybacker Ln
The District
$729,900 $290 4 bd / 4 ba 2,516 sqft , 2026-07-27
204 Maxwell Way
Rough Hollow Sec 3 Condo
$625,000 $292 4 bd / 3 ba 2,143 sqft , 2026-05-01

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
$3,264/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
$135,980
20% conventional investment loan

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

Estimated Gross Rent+$3,264
Principal + Interest−$3,710
Property Tax (~2.1% TX avg)−$1,190
Insurance (~0.5%)−$283
Est. Monthly Cash Flow $-1,919

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 July 30, 2026.

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