Active Listing  ·  63 days on market

122 World Of Tennis Sq #122

Lakeway, TX 78738
$425,000
4 Bed 4 Bath 2,272 sqft $187/sqft Built 1971 0.21 acres Pool Lakeway World Tennis Condo

Condos like this don’t come around often. This 2,272 sqft home in World of Tennis lives like a private residence — beautifully finished, low-maintenance, and full of the right touches throughout. Four bedrooms, each with its own en-suite bath, offer everyone their own space, while the open kitchen with center island flows effortlessly into the living and dining areas, overlooking the tennis courts and mature trees.

Indoor/outdoor living is at the heart of this home, with a front porch for morning coffee and sunset views, a back patio for quiet evenings, and a balcony perfect for al fresco dinners. Inside, every detail works together — hardwood and tile flooring throughout, updated cabinets, sinks, bathrooms and fixtures, lighting and fans, and solar shades on every window for comfort and efficiency year-round. Storage is generous inside and out, with closets featuring built-ins, this home is truly move-in ready.

The location is unbeatable — zoned to Serene Hills Elementary, and just minutes from Lakeway and Bee Cave's best shopping and dining. Enjoy easy access to the Lakeway Swim Center, miles of hiking and biking trails, the Hamilton Greenbelt, Lakeway Marina, and area golf courses. All the beauty of hill country living, with a low tax rate and the ease of lock-and-leave — just 30 minutes from downtown Austin.

This is the perfect combination of space, style, and location, all in one!

At $187/sqft, this home is 43% 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

122 World Of Tennis Sq #122, Lakeway, TX 78738

Property Details

Price $425,000
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 Tennis Condo
County Travis
Zip Code 78738
$/sqft $187/sqft
Days on Market ,
HOA $499/Monthly
Annual Tax Est. $8,356.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239635954
List Date July 22, 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 · July 22, 2026 $434,900
Current ask $425,000
Reduced $9,900 (-2.3%) 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
6 MUIRFIELD GREENS Cv
St Andrews; LAKEWAY
$447,250 $212 3 bd / 3 ba 2,109 sqft , 2026-05-06
411 Seawind None
Lakeway Twnhs Amd
$449,000 $262 3 bd / 3 ba 1,717 sqft , 2026-08-14
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
100 Lido Cir #B2
Lakeway Condo Patio Home
$359,000 $169 3 bd / 2 ba 2,130 sqft , 2026-09-14

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 20, 2026.

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