Active Listing  ·  344 days on market

429 Sunfish St

Lakeway, TX 78734
$2,495,000
4 Bed 6 Bath 5,058 sqft $493/sqft Built 1971 0.80 acres 2-Car Garage Pool Lakeway Sec 04-C

Felicidad~Happiness has an address, a gated hilltop hacienda on the famous “Jaws” hole of Live Oak Golf Course.

Spanish for happiness. Built for it, too. Felicidad sits behind a private gate on nearly an acre of Lakeway hilltop, where a bronze horse named Firecracker greets you at the entrance and the fairways of Live Oak Golf Course wrap the property on nearly every side. At the end of the grounds waits the course's most famous challenge, the “Jaws” hole, with the rare frontage and long green views that come with it.

The estate itself is a renovated Spanish-Colonial: white stucco and terracotta tile shaded by heritage live oaks, Saltillo floors, an interior courtyard, and a resort backyard built around a sparkling pool and hot tub. Two primary suites, three bedrooms on the main level, and an indoor-outdoor flow made for Hill Country evenings.

Walk out the back door and you're on the golf path. Live Oak's fairways embrace the property on nearly every side, with the celebrated “Jaws” hole at the end of the grounds. A golf path runs from the back door to the course, and Lake Travis, the Lakeway Marina, and the city's parks and trails are just down the hill. The home also feeds top-ranked Lake Travis ISD. This is a very special opportunity to own something that's truly one-of-a-kind in Lakeway. Call today to schedule an easy showing appointment.

At $493/sqft, this home is priced 51% above the Lakeway active market average of $327/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

429 Sunfish St, Lakeway, TX 78734

Property Details

Price $2,495,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 2
Living Area 5,058 sqft
Lot Size 0.80 acres (34,848 sqft)
Year Built 1971
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 04-C
County Travis
Zip Code 78734
$/sqft $493/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT206194237
List Date October 14, 2025
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 →

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 · October 14, 2025 $2,649,999
Current ask $2,495,000
Reduced $154,999 (-5.8%) 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
1005 Challenger None
Lakeway
$2,550,000 $611 5 bd / 5 ba 4,172 sqft , 2026-06-18
111 Sailfish St
Lakeway Sec 01
$2,550,000 $690 3 bd / 3 ba 3,698 sqft , 2026-09-18
109 Largo Cv
Rough Hollow Sec 10
$2,150,000 $469 4 bd / 5 ba 4,580 sqft , 2026-06-12
102 Canyon Turn Trl
Rough Hollow
$1,990,000 $437 4 bd / 6 ba 4,554 sqft , 2026-03-04
304 Comet None
Lakeway Sec 02
$1,795,000 $480 5 bd / 6 ba 3,737 sqft , 2026-08-17

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
$11,976/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
$499,000
20% conventional investment loan

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

Estimated Gross Rent+$11,976
Principal + Interest−$13,616
Property Tax (~2.1% TX avg)−$4,366
Insurance (~0.5%)−$1,040
Est. Monthly Cash Flow $-7,046

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 11, 2026.

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