Active Listing  ·  124 days on market

112 Pennybacker Ln

Lakeway, TX 78738
$699,900
3 Bed 3 Bath 2,104 sqft $333/sqft Built 2026 0.10 acres 2-Car Garage Pool New Construction The District

MLS# 2863340 - Built by Drees Custom Homes - Ready Now! ~ Beautiful new 2-story, 3 BR home located in Lakeway, TX! The Daisy is a newly-designed plan with practicality in mind. This new construction home includes a charming primary suite downstairs, and two additional bedrooms located upstairs along with a spacious gameroom and a cozy media room. The covered patio on the main level is a great place to spend a relaxing morning or evening with your favorite beverage. Residents will love the open layout of a family room with soaring ceilings and the seameless transition into the inviting kitchen and informal dining area. Living at Rough Hollow the District, homeowners will enjoy luxurious amenities such as a swimming pool, marina, pickleball courts, volleyball courts, tennis courts, a fitness center and more. Virtual tours and interior images are for illustrative purposes only and floor plan layout could vary slightly from the imagery displayed.

At $333/sqft, this home is priced 2% above the Lakeway active market average of $327/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

112 Pennybacker Ln, Lakeway, TX 78738

Property Details

Price $699,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,104 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 $333/sqft
Days on Market ,
HOA $416/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT216360368
List Date May 22, 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 · May 22, 2026 $739,900
Previous ask $729,000
Current ask $699,900
Reduced $40,000 (-5.4%) 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
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
109 Pennybacker Ln
The District
$679,900 $285 4 bd / 4 ba 2,387 sqft , 2025-12-09
105 Pennybacker Ln
The District
$729,900 $290 4 bd / 4 ba 2,516 sqft , 2026-07-27
403 Austin Heights Rd
The District
$739,900 $264 4 bd / 4 ba 2,800 sqft , 2026-02-26

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
$3,360/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
$139,980
20% conventional investment loan

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

Estimated Gross Rent+$3,360
Principal + Interest−$3,820
Property Tax (~2.1% TX avg)−$1,225
Insurance (~0.5%)−$292
Est. Monthly Cash Flow $-1,977

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 →