Active Listing  ·  104 days on market

304 Nautilus Ave

Lakeway, TX 78738
$899,000
4 Bed 4 Bath 3,208 sqft $280/sqft Built 2001 0.32 acres 2-Car Garage Pool Lakeway Sec 23

xTucked beneath a canopy of majestic oaks in the heart of Old Lakeway, this extraordinary custom residence feels more like a private boutique retreat than a traditional home—elegant but not dated, artistic yet approachable. Its owners value character, artistry, hospitality, and creating experiences. They host dinner parties that linger late into the evening, travel often, collect stories and treasures, and want a home that reflects who they are.

Designed for effortless indoor-outdoor living, the home welcomes you with expansive covered verandas, multiple sets of French doors, and beautifully landscaped courtyards that invite gathering, entertaining, or quiet moments. The firepit courtyard creates a magical setting for evenings under the stars, while gardens surrounding the hot tub provide beauty and privacy.

Inside, sophisticated design blends seamlessly with warmth and character. The chef's kitchen serves as the heart of the home, featuring custom cabinetry, dramatic stone countertops, a hammered copper farmhouse sink, oversized island, and premium GE Café appliances. Adjacent living spaces are filled with natural light and anchored by a striking fireplace. A spacious guest suite and bath complete the main level, while the full-length front porch, framed by three sets of French doors, embraces the home's distinctive New Orleans Low Country architecture.

Upstairs, the primary suite offers a sanctuary with treetop balcony access, a spa-inspired bath, and an impressive library/office with extensive custom built-ins. A second guest suite features its own balcony and ensuite bath.

Above the detached garage, separate guest quarters with a full bath and kitchenette offer flexibility—ideal for visitors, a private studio or workspace, multigenerational living, or income-producing potential.

Located minutes from Lake Travis, golf, marinas, parks, acclaimed schools, and everything that makes Old Lakeway special, this isn't just another Lakeway listing. It's a lifestyle.

At $280/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

304 Nautilus Ave, Lakeway, TX 78738

Property Details

Price $899,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,208 sqft
Lot Size 0.32 acres (14,113.44 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 23
County Travis
Zip Code 78738
$/sqft $280/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235426674
List Date June 11, 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
202 Marina View Way #8B
Villas At Rough Hollow South S
$895,000 $371 3 bd / 3 ba 2,411 sqft , 2026-08-01
109 Feritti Dr
Rough Hollow
$930,000 $231 5 bd / 4 ba 4,027 sqft , 2026-09-16
308 Ansley Cv
Lakeway Highlands Ph 2 Sec 1B
$865,000 $318 4 bd / 4 ba 2,717 sqft , 2026-04-29
505 Wester Ross Ln
Lakeway Highlands Ph 01 Sec 02
$865,000 $272 4 bd / 4 ba 3,182 sqft , 2026-07-08
512 Summer Wilson Cv
Rough Hollow
$850,000 $255 4 bd / 5 ba 3,329 sqft , 2026-05-22

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
$4,315/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
$179,800
20% conventional investment loan

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

Estimated Gross Rent+$4,315
Principal + Interest−$4,906
Property Tax (~2.1% TX avg)−$1,573
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,539

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 June 27, 2026.

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