Active Listing  ·  167 days on market

406 Hazeltine Dr

Lakeway, TX 78734
$614,999
3 Bed 4 Bath 2,752 sqft $223/sqft Built 2001 0.15 acres 2-Car Garage Pool Lakeway Sec Clusters 28 04

Nestled in highly desirable Old Lakeway, this beautifully remodeled home offers the perfect blend of comfort, convenience, and lifestyle. Featuring a functional open floor plan, abundant natural light, and well-appointed living spaces, the home is ideal for both everyday living and entertaining. The spacious renovated kitchen flows seamlessly into the main living area, while generously sized bedrooms provide flexibility for families and guests. There is also an additional room which could be used as a dedicated office or gym. Enjoy outdoor living with a private backyard perfect for relaxing or hosting. Enjoy all that Lakeway has to offer including Lake Travis, city parks, Lakeway Swim Center and Amenity Park, golf courses, tennis and pickleball facilities, a small-engine airport, and acclaimed Lake Travis ISD. Conveniently located near shopping, dining, and entertainment at the Hill Country Galleria, this home offers a rare opportunity to own in one of Lakeway’s most sought-after neighborhoods.

At $223/sqft, this home is 32% 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

406 Hazeltine Dr, Lakeway, TX 78734

Property Details

Price $614,999
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,752 sqft
Lot Size 0.15 acres (6,664.68 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec Clusters 28 04
County Travis
Zip Code 78734
$/sqft $223/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225536717
List Date April 9, 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 · April 9, 2026 $675,000
Previous ask $639,950
Current ask $614,999
Reduced $60,001 (-8.9%) 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
104 El Norte Ct
Lakeway Sec 26
$610,000 $251 4 bd / 3 ba 2,435 sqft , 2026-07-22
106 White Sands Dr
Lakeway Sec 26
$620,000 $303 3 bd / 3 ba 2,046 sqft , 2026-08-31
415 Hazeltine Dr
Lakeway Sec Clusters 28 04
$625,000 $292 3 bd / 3 ba 2,141 sqft , 2026-08-06
217 Sailors Run
Lohmans Crossing Estates Sec 5
$625,000 $252 4 bd / 3 ba 2,479 sqft , 2026-08-27
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
$2,952/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
$123,000
20% conventional investment loan

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

Estimated Gross Rent+$2,952
Principal + Interest−$3,356
Property Tax (~2.1% TX avg)−$1,076
Insurance (~0.5%)−$256
Est. Monthly Cash Flow $-1,736

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 September 19, 2026.

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