Active Listing  ·  146 days on market

114 Aria Rdg #802

Lakeway, TX 78738
$394,500
3 Bed 3 Bath 2,255 sqft $175/sqft Built 2005 0.18 acres 2-Car Garage Pool Enclave At Alta Vista Amd

Discover a move-in ready masterpiece nestled within the exclusive gated community of Enclave at Alta Vista. This meticulously designed home offers the perfect blend of comfort, style, and functionality across two thoughtfully crafted levels. Step inside to an inviting open floor plan that immediately captivates with its spacious and flowing living spaces. The gracious dining room sets an elegant tone, seamlessly connecting to a bright, welcoming living room and a well-appointed kitchen. Stainless steel appliances and abundant cabinet and counter space ensure both beauty and functionality. Natural light streams through expansive windows, illuminating the main level's sophisticated living areas. A serene back porch provides a tranquil retreat, overlooking a shared green space that creates a sense of community and calm. The second level reveals additional luxury with a generously sized lofted

family and game rooman ideal space for relaxation or entertainment. Two well-appointed bedrooms offer comfort and privacy, each with its own unique charm. The primary bedroom stands as a true sanctuary, featuring vaulted ceilings that create an airy, expansive feel. A private balcony offers a picturesque view of the tranquil shared green space, while the en-suite bathroom provides exceptional comfort. Highlights include a double vanity, walk-in shower, elegant garden tub, and a spacious walk-in closet that meets every storage need. The secondary bedroom is equally impressive, with its own en-suite bathroom and carefully considered design. Conveniently located with quick access to Highway 620, this home represents the perfect balance of comfort, style, and accessibility. A remarkable opportunity awaits in this move-in ready home that promises both immediate comfort and lasting value.

At $175/sqft, this home is 46% 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

114 Aria Rdg #802, Lakeway, TX 78738

Property Details

Price $394,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,255 sqft
Lot Size 0.18 acres (7,927.92 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Enclave At Alta Vista Amd
County Travis
Zip Code 78738
$/sqft $175/sqft
Days on Market ,
HOA $420/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228255036
List Date April 30, 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 · April 30, 2026 $425,000
Previous ask $394,750
Current ask $394,500
Reduced $30,500 (-7.2%) 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
2050 Lohmans Spur Rd #501
N/A
$350,000 $188 3 bd / 4 ba 1,857 sqft , 2026-04-02
104 Perpetuation Dr
VISTAS AT LAKEWAY CONDOMINIUMS AMENDED
$350,000 $152 3 bd / 3 ba 2,303 sqft , 2026-03-24
208 Aria Rdg #602
Enclave At Alta Vista Amd
$449,500 $214 3 bd / 3 ba 2,098 sqft , 2026-07-01
112 Aria Rdg
Enclave at Alta Vista
$469,500 $211 3 bd / 3 ba 2,220 sqft , 2026-04-17

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
$1,894/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
$78,900
20% conventional investment loan

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

Estimated Gross Rent+$1,894
Principal + Interest−$2,153
Property Tax (~2.1% TX avg)−$690
Insurance (~0.5%)−$164
Est. Monthly Cash Flow $-1,113

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 10, 2026.

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