Active Listing  ·  123 days on market

201 Crescent Blf

Lakeway, TX 78734
$764,999
4 Bed 4 Bath 2,860 sqft $267/sqft Built 1982 0.15 acres 2-Car Garage Pool Cedar Glen Sec 01

The Modern Treehouse — Lakeway with Lake Travis Views

Nestled among towering oaks in the heart of Lakeway, this completely reimagined contemporary gem offers peekaboo views of Lake Travis from the living room a breathtaking backdrop you'll never tire of. Soaring perimeter windows flood the open-concept main level with natural light, while a generous balcony sets the scene for effortless entertaining and al fresco dining with the lake as your backdrop. The chef's kitchen impresses with waterfall-edge quartz countertops, induction cooktop, GE Café stainless appliances, and built-in refrigerator. A smooth concrete fireplace anchors the living room, flanked by a wet bar and wine fridge. White oak floors run throughout. The spa-inspired primary suite features a soaking tub encased in glass with a rainfall shower. Downstairs offers two bedrooms, two full baths, and a flex space now appointed with striking iron doors perfect as a private office or second living area. Recent upgrades include an updated HVAC replaced in 2023, upgraded electrical panel, new roof and full remodel in 2021, and epoxy-coated garage floors. HOA covers lawn maintenance and irrigation, plus access to a private pool and tennis courts. Lakeway City Park and Cross Water Marina just minutes away. Turnkey, move-in ready, and altogether extraordinary and perfect for Lakeway resort style living.

At $267/sqft, this home is 18% 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

201 Crescent Blf, Lakeway, TX 78734

Property Details

Price $764,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,860 sqft
Lot Size 0.15 acres (6,490.44 sqft)
Year Built 1982
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Glen Sec 01
County Travis
Zip Code 78734
$/sqft $267/sqft
Days on Market ,
HOA $224/Monthly
Annual Tax Est. $6,116
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230950811
List Date May 23, 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 · May 23, 2026 $835,000
Previous ask $779,999
Current ask $764,999
Reduced $70,001 (-8.4%) 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
623 Sunfish St
Lakeway Sec 04
$775,000 $334 3 bd / 3 ba 2,322 sqft , 2026-06-15
224 Hurst Creek Rd
Lakeway Sec 24-b
$739,900 $256 4 bd / 2 ba 2,888 sqft , 2026-09-09
113 Indian Bend Dr
Lakeway Sec 29
$730,000 $258 3 bd / 4 ba 2,833 sqft , 2026-05-27
606 Explorer None
Lakeway Sec 29
$705,000 $292 3 bd / 3 ba 2,413 sqft , 2025-05-23
117 Medalist St
Lakeway Sec 17
$699,000 $348 3 bd / 3 ba 2,006 sqft , 2026-06-18

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
$3,672/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
$153,000
20% conventional investment loan

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

Estimated Gross Rent+$3,672
Principal + Interest−$4,175
Property Tax (~2.1% TX avg)−$1,339
Insurance (~0.5%)−$319
Est. Monthly Cash Flow $-2,161

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 September 15, 2026.

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