Active Listing  ·  139 days on market

115 World Of Tennis Sq

Lakeway, TX 78738
$289,000
3 Bed 3 Bath 2,192 sqft $132/sqft Built 1971 0.20 acres Pool Lakeway World Tennis Condo

Rare end-unit opportunity in Lakeway with a spacious layout, abundant natural light, and a price that’s hard to beat. Freshly painted with new flooring throughout, this move-in-ready home features floor-to-ceiling windows, great privacy in the back, ample parking with a designated parking area, and easy in-and-out access within the complex. Generous storage space and a functional floor plan make everyday living easy. Equipped with permanent filters for low-maintenance living. Short-term rentals are allowed, and the complex is now FHA approved — creating exceptional flexibility for both owners and investors.

At $132/sqft, this home is 60% 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

115 World Of Tennis Sq, Lakeway, TX 78738

Property Details

Price $289,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,192 sqft
Lot Size 0.20 acres (8,816.54 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Lakeway World Tennis Condo
County Travis
Zip Code 78738
$/sqft $132/sqft
Days on Market ,
HOA $474/Monthly
Annual Tax Est. $7,586.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228913036
List Date May 7, 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 · May 7, 2026 $319,000
Previous ask $299,999
Current ask $289,000
Reduced $30,000 (-9.4%) 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
156 World Of Tennis Sq
Lakeway World Tennis Condo
$350,000 $154 4 bd / 4 ba 2,272 sqft , 2026-06-12
100 Lido Cir #B2
Lakeway Condo Patio Home
$359,000 $169 3 bd / 2 ba 2,130 sqft , 2026-09-14
114 World Of Tennis Sq #114
Lakeway World Of Tennis Condominiums
$365,000 $161 4 bd / 4 ba 2,272 sqft , 2026-02-26
133 World Of Tennis Sq
Lakeway World Tennis Condo
$365,000 $167 4 bd / 3 ba 2,192 sqft , 2026-02-28

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
$1,387/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
$57,800
20% conventional investment loan

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

Estimated Gross Rent+$1,387
Principal + Interest−$1,577
Property Tax (~2.1% TX avg)−$506
Insurance (~0.5%)−$120
Est. Monthly Cash Flow $-816

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

More Luxury Homes in Lakeway

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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 21, 2026.

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