Active Listing  ·  68 days on market

5 Champions Ln

Lakeway, TX 78734
$599,000
4 Bed 3 Bath 2,093 sqft $286/sqft Built 1993 0.12 acres 2-Car Garage Pool Champions Lakeway

With the new price improvement and the home now vacant, it is easier to schedule a tour. Beautiful Lakeway property on Live Oak golf course! Enjoy the open floor plan and natural light throughout. Modern farmhouse feel with clean lines all done in a $170,000 2021-2022 remodel - including brand new carpet, luxury laminate floors, decorative fixtures/recessed lighting, unique wood accent walls, all new hardware (sinks, granite countertops, toilets, ceiling fans) and contemporary color pallet paint. The updated kitchen features beautiful open shelving, subway tile, custom cabinets, pull-out shelving in pantry and above ovens, built in island, and brand new sterling LG appliances. First floor primary suite has a beautiful bay window seating area, two primary closets, and a large primary bathroom with rain shower head, framed mirrors, and quartz counters. Second downstairs office/bedroom is perfect for guest with a full bath and spacious closet. Great storage throughout the home and garage. Enjoy the back porch with rolling golf course views - the perfect space to relax. The back patio could also bee extended to the white markers and covered. Fantastic location near community pools, parks, marinas on Lake Travis, schools, medical facilities, restaurants/shopping and more. HOA dues cover pool access and all lawn maintenance, including requested maintenance! Please see the property website at https://sites.google.com/view/5championsln/home

At $286/sqft, this home is 13% 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

5 Champions Ln, Lakeway, TX 78734

Property Details

Price $599,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,093 sqft
Lot Size 0.12 acres (5,301.25 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Champions Lakeway
County Travis
Zip Code 78734
$/sqft $286/sqft
Days on Market ,
HOA $135/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240331641
List Date July 17, 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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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
219 The Hills Dr #5
Lakeside & Greens Condo
$609,000 $264 3 bd / 2 ba 2,311 sqft , 2026-02-19
104 El Norte Ct
Lakeway Sec 26
$610,000 $251 4 bd / 3 ba 2,435 sqft , 2026-07-22
109 Schooner Dr
Lakeway
$619,000 $306 3 bd / 2 ba 2,025 sqft , 2026-07-31
106 White Sands Dr
Lakeway Sec 26
$620,000 $303 3 bd / 3 ba 2,046 sqft , 2026-08-31
204 Maxwell Way
Rough Hollow Sec 3 Condo
$625,000 $292 4 bd / 3 ba 2,143 sqft , 2026-05-01

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 July 23, 2026.

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