Active Listing  ·  86 days on market

209 Crescent Blf

Lakeway, TX 78734
$600,000
3 Bed 3 Bath 2,240 sqft $268/sqft Built 1981 0.13 acres 2-Car Garage Pool Cedar Glen Sec 01

Old Lakeway Charm...New Lakeway style! Step into this stunning, newly renovated property with soaring ceilings, an open floor plan, and lake views from the upstairs balcony. The primary retreat on the main floor offers an oversized-suit that could include a home office or sitting area. The primary bathrooms offers double walk-in closets and plenty of storage. In the chef's kitchen, there is ample workspace while still maintaining an open flow with the family areas of the home. Bosch stainless steel appliances offer both beauty and reliability. Upstairs, the secondary bedrooms are oversized and perfect for family, a home office, or visitors. The private balcony overlooks sunsets and sunrises on Lake Travis. Enjoy your morning cup of coffee from the treetops! For outdoor lovers- fall in love with fawn season from the backyard as mama does bring their babies to rest in the backyard. This home offers a true connection with nature that is also fully maintained by the HOA- no need to ever get out a mower! The community amenities are just steps from this private cul-de-sac. With a spacious pool and hot tub, tennis/ pickleball courts, and a basketball court. Cedar Glen offers space and entertainment for the whole family.

At $268/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

209 Crescent Blf, Lakeway, TX 78734

Property Details

Price $600,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,240 sqft
Lot Size 0.13 acres (5,654.09 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Glen Sec 01
County Travis
Zip Code 78734
$/sqft $268/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $9,533.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237658522
List Date June 29, 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 · June 29, 2026 $675,000
Previous ask $625,000
Current ask $600,000
Reduced $75,000 (-11.1%) 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
843 Sunfish St
Lakeway Sec 14
$599,000 $212 4 bd / 4 ba 2,827 sqft , 2026-08-12
1101 Ivean Pearson Rd #D202
Waterstone Condominiums
$599,000 $303 3 bd / 3 ba 1,974 sqft , 2026-08-28
217 Sailors Run
Lohmans Crossing Estates Sec 5
$625,000 $252 4 bd / 3 ba 2,479 sqft , 2026-08-27
124 Firebird St
Lakeway Sec 17A
$632,000 $280 3 bd / 3 ba 2,256 sqft , 2026-07-21
104 Morning Cloud St
Lakeway Sec 24-C
$639,000 $243 4 bd / 3 ba 2,628 sqft , 2026-05-16

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
$2,880/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
$120,000
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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 16, 2026.

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