Active Listing  ·  48 days on market

4005 Paloma Cir

Lakeway, TX 78734
$1,190,000
2 Bed 3 Bath 3,659 sqft $325/sqft Built 1981 1.64 acres 2-Car Garage Pool Vista Grande

VIEWS, VIEWS, VIEWS!! One Family's Lake Living Heritage ends and give's a new Family an opportunity for something so rare!! One owner on this one!

Remodel the original Home or take advantage of a rare parcel, providing 1.5 plus acres of buildable land for your dream home. Ecompassing amazing, elevated Lake Travis Views and Sunsets!! The 2 parcels provide 3 streets, driveway access points, all 3 are culdesacs! This is a must see to fully appreciate it's opportunity!

Located within the Vista Grande HOA community and Lake Travis ISD.

Two offerings; 3659 sq/ft Home and pool, on 1.112 Acres w/ contiguous .528 acre parcel or the home without the contiguous parcel. HOA prohibits STR/VRBO

At $325/sqft, this home is priced in line with the Lakeway market average of $327/sqft across 124 active listings. View Austin market report →

Location

4005 Paloma Cir, Lakeway, TX 78734

Property Details

Price $1,190,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 3,659 sqft
Lot Size 1.64 acres (71,438.4 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vista Grande
County Travis
Zip Code 78734
$/sqft $325/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242478514
List Date August 5, 2026
Elementary School Lake Travis
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
15505 Pescado Cir
Vista Grande
$899,900 $342 3 bd / 3 ba 2,629 sqft , 2026-09-11

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
$5,712/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
$238,000
20% conventional investment loan

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

Estimated Gross Rent+$5,712
Principal + Interest−$6,494
Property Tax (~2.1% TX avg)−$2,083
Insurance (~0.5%)−$496
Est. Monthly Cash Flow $-3,361

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

Loading…
View All Luxury Homes →
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 11, 2026.

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