Active Listing  ·  74 days on market

401 Bellagio Dr

Lakeway, TX 78734
$529,900
4 Bed 4 Bath 2,677 sqft $198/sqft Built 2014 2-Car Garage Pool Pinnacle at North Lakeway

Welcome to 401 Bellagio Drive, a beautifully maintained 4-bedroom, 3.5-bath home in one of Lakeway's most desirable communities. Thoughtfully designed with an open floor plan, soaring ceilings, hardwood floors, plantation shutters, and abundant natural light, this home blends timeless style with everyday comfort. The spacious living area flows into a well-appointed kitchen featuring granite countertops, ample cabinetry, and generous prep space. The main-level primary suite offers a spa-like bath with dual vanities, “Jacuzzi”-style tub with 5 therapeutic/massage jets, separate shower, and walk-in closet. Backing to a peaceful greenbelt, the private patio is perfect for relaxing or entertaining. Enjoy community amenities including a resort-style pool and fitness center, all just minutes from Lake Travis, golf, shopping, dining, and top-rated Lake Travis ISD schools. Take special note of the thoughtfulness and attention to detail the owners took to prepare their home for the next Buyer. This is truly a unique opportunity, come take a look!

At $198/sqft, this home is 39% 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

401 Bellagio Dr, Lakeway, TX 78734

Property Details

Price $529,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,677 sqft
Lot Size ,
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Pinnacle at North Lakeway
County Travis
Zip Code 78734
$/sqft $198/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $9,760
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238226964
List Date July 11, 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.

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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 · July 11, 2026 $539,900
Current ask $529,900
Reduced $10,000 (-1.9%) 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
15204 Falcon Dr
Cardinal Hills Unit 01
$509,000 $272 4 bd / 2 ba 1,873 sqft , 2026-08-27
15109 S Flamingo Dr S
Cardinal Hills Unit 03
$475,000 $207 3 bd / 3 ba 2,292 sqft , 2026-04-16
15214 Nightingale Ln
Cardinal Hills Unit 01
$599,000 $204 4 bd / 3 ba 2,940 sqft , 2026-04-06
406 Hazeltine Dr
Lakeway Sec Clusters 28 04
$614,999 $223 3 bd / 4 ba 2,752 sqft , 2026-04-09
415 Hazeltine Dr
Lakeway Sec Clusters 28 04
$625,000 $292 3 bd / 3 ba 2,141 sqft , 2026-08-06

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
$2,544/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
$105,980
20% conventional investment loan

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

Estimated Gross Rent+$2,544
Principal + Interest−$2,892
Property Tax (~2.1% TX avg)−$927
Insurance (~0.5%)−$221
Est. Monthly Cash Flow $-1,496

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 →