Active Listing  ·  64 days on market

124 Firebird St

Lakeway, TX 78734
$632,000
3 Bed 3 Bath 2,256 sqft $280/sqft Built 1972 0.34 acres 2-Car Garage Pool Lakeway Sec 17A

For the first time ever, this special Lakeway property is ready for its next chapter. Tucked privately behind the trees along Firebird, one of Lakeway's most beautiful streets, this home has been cherished by the same family for three generations, dating back to when it was originally built. Now, a new owner has the rare opportunity to bring their vision and create something truly special.

The home features three bedrooms plus a game room with a closet, offering flexibility for guests, a home office, or additional sleeping space. Multiple decks extend from nearly every room facing the lake, but the true showstopper is the living room, where a dramatic wall of windows frames the view and sets the stage for unforgettable Lake Travis sunsets. From the top floor, the lake views are simply incredible.

Offered AS IS, this is a home for someone who can see the possibilities. Renovate, reimagine, and make it your own private slice of heaven in the heart of Lakeway. Properties with this kind of history, privacy, setting, and view don't come along often, and this one has never before been on the market. BUYER to do ALL THEIR OWN INSPECTIONS.

At $280/sqft, this home is 14% 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

124 Firebird St, Lakeway, TX 78734

Property Details

Price $632,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,256 sqft
Lot Size 0.34 acres (14,688.43 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 17A
County Travis
Zip Code 78734
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239717018
List Date July 21, 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 21, 2026 $749,000
Previous ask $699,000
Current ask $632,000
Reduced $117,000 (-15.6%) 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
217 Sailors Run
Lohmans Crossing Estates Sec 5
$625,000 $252 4 bd / 3 ba 2,479 sqft , 2026-08-27
104 Morning Cloud St
Lakeway Sec 24-C
$639,000 $243 4 bd / 3 ba 2,628 sqft , 2026-05-16
408 SAILMASTER St #B
Lohmans Crossing Estates
$650,000 $325 3 bd / 2 ba 1,997 sqft , 2026-09-17
104 El Norte Ct
Lakeway Sec 26
$610,000 $251 4 bd / 3 ba 2,435 sqft , 2026-07-22
107 Copperleaf Rd
Lakeway Sec 24
$659,000 $283 3 bd / 2 ba 2,328 sqft , 2026-02-25

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
$3,034/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
$126,400
20% conventional investment loan

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

Estimated Gross Rent+$3,034
Principal + Interest−$3,449
Property Tax (~2.1% TX avg)−$1,106
Insurance (~0.5%)−$263
Est. Monthly Cash Flow $-1,784

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

Loading…
View All Luxury Homes →
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 9, 2026.

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