Active Listing  ·  209 days on market

114 World Of Tennis Sq #114

Lakeway, TX 78738
$365,000
4 Bed 4 Bath 2,272 sqft $161/sqft Built 1971 0.21 acres Pool Lakeway World Of Tennis Condominiums

Sophisticated design meets effortless Lakeway living in this beautifully reimagined four-bedroom residence in World of Tennis.

The main level offers an open and inviting flow between kitchen, dining, and living spaces, with a secondary bedroom connected to a Jack-and-Jill bath that also serves guests. The dining room opens to a covered patio overlooking one of the community tennis courts — a peaceful, tree-framed setting ideal for morning coffee or evening unwinding.

A striking blue onyx-inspired tile feature wall creates a dramatic focal point in the living room, wrapping the electric fireplace and continuing seamlessly into the kitchen column and backsplash. This architectural element ties the spaces together and gives the home a cohesive, elevated feel.

The kitchen has been thoughtfully redesigned for both beauty and function, featuring custom soft-close cabinetry, extensive pull-outs and rotating corner storage, glass display cabinets with interior lighting, under-cabinet lighting, solid surface countertops with integrated sink and backsplash, and an expanded passthrough to the dining area.

Downstairs, three spacious bedrooms — including the primary suite — each enjoy fully renovated en-suite baths with custom tile work, frameless glass showers, updated vanities, and modern lighting. The primary suite also features a customized closet system and access to a second covered patio.

Additional updates include luxury vinyl plank flooring, a custom wood staircase with metal railing, updated lighting throughout, and only three exterior steps to entry — a rare convenience in the community.

Located directly across from the Lakeway Swim Center and adjacent to World of Tennis Club (optional membership with fitness, pools, and tennis), this home offers the ideal blend of privacy, lifestyle, and low-maintenance living. Within sought-after LTISD and ideally positioned near Lakeway’s parks, trails, dining, and Lake Travis.

At $161/sqft, this home is 51% 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 World Of Tennis Sq #114, Lakeway, TX 78738

Property Details

Price $365,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,272 sqft
Lot Size 0.21 acres (9,247.79 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Lakeway World Of Tennis Condominiums
County Travis
Zip Code 78738
$/sqft $161/sqft
Days on Market ,
HOA $499/Monthly
Annual Tax Est. $2,725
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220348795
List Date February 26, 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.

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 · February 26, 2026 $380,000
Current ask $365,000
Reduced $15,000 (-3.9%) 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
133 World Of Tennis Sq
Lakeway World Tennis Condo
$365,000 $167 4 bd / 3 ba 2,192 sqft , 2026-02-28
100 Lido Cir #B2
Lakeway Condo Patio Home
$359,000 $169 3 bd / 2 ba 2,130 sqft , 2026-09-14
156 World Of Tennis Sq
Lakeway World Tennis Condo
$350,000 $154 4 bd / 4 ba 2,272 sqft , 2026-06-12
122 World Of Tennis Sq #122
Lakeway World Tennis Condo
$425,000 $187 4 bd / 4 ba 2,272 sqft , 2026-07-22
115 World Of Tennis Sq
Lakeway World Tennis Condo
$289,000 $132 3 bd / 3 ba 2,192 sqft , 2026-05-07

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 August 14, 2026.

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