Active Listing  ·  119 days on market

113 Indian Bend Dr

Lakeway, TX 78734
$730,000
3 Bed 4 Bath 2,833 sqft $258/sqft Built 1983 0.39 acres 2-Car Garage Pool Lakeway Sec 29

Tucked away in an exclusive Lakeway Austin community just one street from the water, this spacious 3-bedroom, 4-bath residence offers over 2,800 square feet of endless potential in one of the area’s most desirable locations. Thoughtfully maintained and full of character, the expansive floor plan is ready for a new owner to remodel, reimagine, and make it their own. Enjoy outdoor living year-round with a private pool, oversized deck, and outdoor kitchen — perfect for entertaining or relaxing close to the lake lifestyle. Ideally located near Lake Travis, Lakeway City Park, Live Oak Golf Course, and highly rated schools, this is a rare opportunity to create your dream home in the heart of Lakeway.

At $258/sqft, this home is 21% 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

113 Indian Bend Dr, Lakeway, TX 78734

Property Details

Price $730,000
Status Active Listing
Beds 3
Full Baths 4
Half Baths ,
Living Area 2,833 sqft
Lot Size 0.39 acres (16,870.79 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 29
County Travis
Zip Code 78734
$/sqft $258/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $15,174.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231618902
List Date May 27, 2026
Elementary School Serene Hills
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.

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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 27, 2026 $795,000
Previous ask $750,000
Current ask $730,000
Reduced $65,000 (-8.2%) 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
224 Hurst Creek Rd
Lakeway Sec 24-b
$739,900 $256 4 bd / 2 ba 2,888 sqft , 2026-09-09
606 Explorer None
Lakeway Sec 29
$705,000 $292 3 bd / 3 ba 2,413 sqft , 2025-05-23
117 Medalist St
Lakeway Sec 17
$699,000 $348 3 bd / 3 ba 2,006 sqft , 2026-06-18
206 Phlox Dr
Lakeway Sec 24-C
$699,000 $313 3 bd / 3 ba 2,232 sqft , 2026-09-01
201 Crescent Blf
Cedar Glen Sec 01
$764,999 $267 4 bd / 4 ba 2,860 sqft , 2026-05-23

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
$146,000
20% conventional investment loan

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

Estimated Gross Rent+$3,504
Principal + Interest−$3,984
Property Tax (~2.1% TX avg)−$1,278
Insurance (~0.5%)−$304
Est. Monthly Cash Flow $-2,062

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 8, 2026.

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