Active Listing  ·  103 days on market

156 World Of Tennis Sq

Lakeway, TX 78738
$350,000
4 Bed 4 Bath 2,272 sqft $154/sqft Built 1971 0.21 acres Pool Lakeway World Tennis Condo

Experience effortless Lakeway living in this beautifully updated condominium, offering the perfect blend of comfort, convenience, and resort-style amenities. Whether you're seeking a full-time residence, lock-and-leave second home, or income-producing investment opportunity, this spacious 4-bedroom, 4-bath retreat is ready to impress.

Filled with natural light and designed in a bright, neutral palette, the home features an open and inviting layout with thoughtful updates throughout. The kitchen showcases stainless steel appliances, granite countertops, and abundant storage, while all four bathrooms have been tastefully remodeled with updated vanities, designer tile showers, and modern flooring.

The flexible floor plan includes a spacious primary suite upstairs, accompanied by two additional bedrooms and baths, while a secondary suite on the main level offers ideal accommodations for guests or multigenerational living. Generous closet space and exterior storage closets provide practical functionality without sacrificing style.

Step outside to enjoy your private patio and balcony overlooking the community, or take advantage of the exceptional amenities just steps from your door. Residents enjoy access to eight tennis courts, nearby championship golf courses, community pools, scenic hiking trails, parks, marinas, and beautiful Lake Travis recreation.

Located in the heart of Lakeway and served by acclaimed Lake Travis ISD, this move-in-ready condominium offers the ultimate Hill Country lifestyle with all the benefits of low-maintenance ownership.

At $154/sqft, this home is 53% 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

156 World Of Tennis Sq, Lakeway, TX 78738

Property Details

Price $350,000
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 $154/sqft
Days on Market ,
HOA $454/Monthly
Annual Tax Est. $7,723.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235947523
List Date June 12, 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
100 Lido Cir #B2
Lakeway Condo Patio Home
$359,000 $169 3 bd / 2 ba 2,130 sqft , 2026-09-14
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
115 World Of Tennis Sq
Lakeway World Tennis Condo
$289,000 $132 3 bd / 3 ba 2,192 sqft , 2026-05-07
122 World Of Tennis Sq #122
Lakeway World Tennis Condo
$425,000 $187 4 bd / 4 ba 2,272 sqft , 2026-07-22

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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

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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 20, 2026.

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