About This Home

Welcome to a beautifully designed home that expresses the open sun experience in the living spaces. Built for modern life, this home offers 4 spacious bedrooms, 3.5 bathrooms, and a flexible bonus room perfect for a quiet dedicated office, workout room or 5th bedroom. Meticulously maintained, one owner and looks like nobody ever lived in it. The top views in the neighborhood.

At $235/sqft, this home is 28% 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

129 Sebastians Run, Lakeway, TX 78738

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Property Details

Price $1,084,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 4,617 sqft

Lot Size 0.46 acres (20,037.6 sqft)

Year Built 2005

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Ridge At Alta Vista

County Travis

Zip Code 78738

$/sqft $235/sqft

Days on Market ,

HOA $150/Monthly

Annual Tax Est. $10,945.12

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230918240

List Date May 22, 2026

Elementary School Lakeway

Middle School Hudson Bend

High School Lake Travis

School District ,

Have Questions About This Property?

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.

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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 22, 2026 $1,185,000

Previous ask $1,085,000

Current ask $1,084,000

▼ Reduced $101,000 (-8.5%) 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

222 Vailco Ln
Ridge At Alta Vista Resub $1,107,000 $242 5 bd / 4 ba 4,573 sqft , 2026-05-08

126 Vailco Ln
Ridge At Alta Vista $1,150,000 $260 5 bd / 5 ba 4,419 sqft , 2026-08-22

104 Whitley Dr
Ridge At Alta Vista $1,175,000 $333 4 bd / 4 ba 3,533 sqft , 2026-08-20

424 Belforte Ave #31
Villas At Tuscan Village Amd $969,550 $278 4 bd / 4 ba 3,491 sqft , 2026-05-11

114 Golden Bear Dr
Flintrock At Hurst Creek Ph 01 $1,200,000 $337 4 bd / 4 ba 3,560 sqft , 2026-08-18

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

$5,203/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

$216,800

20% conventional investment loan

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

Estimated Gross Rent+$5,203

Principal + Interest−$5,916

Property Tax (~2.1% TX avg)−$1,897

Insurance (~0.5%)−$452

Est. Monthly Cash Flow $-3,062

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 →

About the Author

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 →

129 Sebastians Run

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Lakeway, TX

More Luxury Homes in Lakeway

129 Sebastians Run

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Lakeway, TX

More Luxury Homes in Lakeway

Explore Austin Real Estate