Active Listing  ·  145 days on market

201 Sailmaster St

Lakeway, TX 78734
$419,000
3 Bed 2 Bath 1,488 sqft $282/sqft Built 1994 0.16 acres 2-Car Garage Pool Lohmans Crossing Estates Sec 1

Tucked away on a quiet corner lot in the heart of Lakeway, this thoughtfully updated single-story attached townhome lives like a traditional single-family home, offering the space, privacy, and comfort buyers crave. Though it shares a wall and roofline with the neighboring residence, it features a private entrance, separate address, and no HOA, all in a prime location just minutes from Lake Travis, top-rated schools, and local favorites like HEB and Lakeway’s charming restaurants. Step inside and discover over $30,000 in upgrades that blend style and function. The freshly painted interior is warm and inviting, with tile flooring throughout. A beautifully updated kitchen features quartz countertops, a soft blue subway tile backsplash, and stainless steel appliances. The kitchen opens to a spacious dining and living area with high ceilings, crown molding, and wood-burning fireplace. New recessed lighting and a statement dining room fixture add a designer touch, while floating shelves in the sitting and dining areas provide both character and convenience. The oversized primary suite offers a peaceful retreat with vaulted ceilings and a spa-like bath that includes a soaking tub, dual vanities, and a walk-in shower. Additional updates include new backlit bathroom mirrors, new blinds, upgraded plugs and outlets, and recently installed A/C units in both the attic and garage for year-round comfort. Outside, enjoy a private fenced patio with crushed granite and hardscaping, ideal for relaxing or entertaining without the maintenance of a traditional yard. Fresh landscaping and upgraded exterior lighting enhances the home’s curb appeal. A spacious catio with access from the garage adds a unique bonus for pet lovers. Zoned to acclaimed Lake Travis ISD and just moments from Serene Hills Elementary, this move-in ready home offers the ultimate Lakeway lifestyle with easy access to greenbelts, dog parks, marinas, and more.

At $282/sqft, this home is 14% 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 Sailmaster St, Lakeway, TX 78734

Property Details

Price $419,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,488 sqft
Lot Size 0.16 acres (7,108.99 sqft)
Year Built 1994
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Lohmans Crossing Estates Sec 1
County Travis
Zip Code 78734
$/sqft $282/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,086.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225674291
List Date May 1, 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
267 Mooring Cir
Lohmans Crossing Estates Sec 2
$422,500 $290 3 bd / 2 ba 1,458 sqft , 2026-06-18
411 Seawind None
Lakeway Twnhs Amd
$449,000 $262 3 bd / 3 ba 1,717 sqft , 2026-08-14
275 Mooring Cir #B
Lohmans Crossing Estates Sec 2
$349,999 $316 2 bd / 2 ba 1,109 sqft , 2026-08-01
583 Rupen Dr
Lohmans Crossing Estates Sec 3
$495,000 $247 2 bd / 3 ba 2,007 sqft , 2026-09-01
275 Mooring Cir #A
Lohmans Crossing Estates Sec 2
$319,000 $288 2 bd / 2 ba 1,109 sqft , 2026-04-17

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
$2,011/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
$83,800
20% conventional investment loan

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

Estimated Gross Rent+$2,011
Principal + Interest−$2,287
Property Tax (~2.1% TX avg)−$733
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,184

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 30, 2026.

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