Active Listing  ·  207 days on market

133 World Of Tennis Sq

Lakeway, TX 78738
$365,000
4 Bed 3 Bath 2,192 sqft $167/sqft Built 1971 0.20 acres Pool Lakeway World Tennis Condo

Wow! Beautifully updated and completely move-in ready, this spacious 4-bedroom, 3-bath end-unit at 133 World of Tennis offers an exceptional opportunity in the heart of Lakeway. With over $100,000 in thoughtful renovations, the home blends elevated design with everyday functionality—featuring high-quality finishes, abundant natural light, and a flexible layout ideal for full-time living, a second home, or a true lock-and-leave Hill Country retreat. Two Jack-and-Jill bath configurations provide privacy and convenience for guests or family, making the space both practical and inviting. As an end unit, enjoy added privacy and peaceful surroundings, all within walking distance to scenic hike-and-bike trails, neighborhood parks, and an elementary school in the acclaimed Lake Travis ISD. Located in the established World of Tennis community—just minutes from Lake Travis, golf courses, marinas, dining, and shopping—this is Lakeway living at its best: relaxed, active, and effortlessly convenient. Short-term rentals are permitted, offering flexibility for those seeking income potential, and the property may be sold furnished or unfurnished depending on buyer preference—providing a truly turnkey option if desired. A rare opportunity to own a beautifully updated property that delivers lifestyle, versatility, and long-term

At $167/sqft, this home is 49% 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

133 World Of Tennis Sq, Lakeway, TX 78738

Property Details

Price $365,000
Status Active Listing
Beds 4
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 $167/sqft
Days on Market ,
HOA $474/Monthly
Annual Tax Est. $7,586.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220909276
List Date February 28, 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.

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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 · February 28, 2026 $390,000
Current ask $365,000
Reduced $25,000 (-6.4%) 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
114 World Of Tennis Sq #114
Lakeway World Of Tennis Condominiums
$365,000 $161 4 bd / 4 ba 2,272 sqft , 2026-02-26
100 Lido Cir #B2
Lakeway Condo Patio Home
$359,000 $169 3 bd / 2 ba 2,130 sqft , 2026-09-14
156 World Of Tennis Sq
Lakeway World Tennis Condo
$350,000 $154 4 bd / 4 ba 2,272 sqft , 2026-06-12
122 World Of Tennis Sq #122
Lakeway World Tennis Condo
$425,000 $187 4 bd / 4 ba 2,272 sqft , 2026-07-22
115 World Of Tennis Sq
Lakeway World Tennis Condo
$289,000 $132 3 bd / 3 ba 2,192 sqft , 2026-05-07

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 August 3, 2026.

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