Active Listing  ·  14 days on market

124 Lakeway Dr

Lakeway, TX 78734
$840,000
3 Bed 3 Bath 2,539 sqft $331/sqft Built 1978 0.35 acres 1-Car Garage Pool Lakeway Sec 01

Perched on a private Old Lakeway lot with sweeping views, this mid-century modern charmer is anything but cookie-cutter - vaulted beamed ceilings, a wood-burning fireplace, and personality in every room. The backyard is an entertainer's dream with a pool, hot tub, and fire pit, and the Lakeway Marina and Resort/Spa on Lake Travis are just a short distance away. Recent upgrades make it move-in ready: new LVP flooring on the first floor, a new hot water heater, new HVAC, fresh paint, a new Polaris pump, and an EV charger (2023–2025). Upgraded flooring and fixtures throughout give this one-of-a-kind home a polished, modern feel - lake life, charm, and character, ready for you!

At $331/sqft, this home is priced in line with the Lakeway market average of $327/sqft across 124 active listings. View Austin market report →

Location

124 Lakeway Dr, Lakeway, TX 78734

Property Details

Price $840,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,539 sqft
Lot Size 0.35 acres (15,306.98 sqft)
Year Built 1978
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 01
County Travis
Zip Code 78734
$/sqft $331/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,203.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244443360
List Date September 9, 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 →

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
608 Flamingo Cv
Lakeway Sec 31
$850,000 $300 3 bd / 3 ba 2,832 sqft , 2026-08-07
106 El Norte Ct
Lakeway Sec 26
$850,000 $322 4 bd / 3 ba 2,640 sqft , 2026-08-21
412 Eagle None
Lakeway
$799,000 $317 3 bd / 3 ba 2,522 sqft , 2026-07-31
304 Nautilus Ave
Lakeway Sec 23
$899,000 $280 4 bd / 4 ba 3,208 sqft , 2026-06-11
623 Sunfish St
Lakeway Sec 04
$775,000 $334 3 bd / 3 ba 2,322 sqft , 2026-06-15

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
$4,032/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
$168,000
20% conventional investment loan

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

Estimated Gross Rent+$4,032
Principal + Interest−$4,584
Property Tax (~2.1% TX avg)−$1,470
Insurance (~0.5%)−$350
Est. Monthly Cash Flow $-2,372

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 20, 2026.

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