Active Listing  ·  33 days on market

801 Electra None

Lakeway, TX 78734
$1,149,000
5 Bed 5 Bath 3,858 sqft $298/sqft Built 2001 0.42 acres 3-Car Garage Pool Lakeway Sec 17

Nestled in the heart of sought-after Old Lakeway, this beautifully updated 5BR/4.5BA luxury home sits on a corner lot across from the Lakeway Heritage Center, with just one neighbor to the north for added privacy. Offers space and flexibility for a growing family. Main-level master suite plus private guest suite; upstairs offers 3 large bedrooms with abundant closet space, 2 full baths, a versatile loft (currently a gallery), and a fun secret room. Multiple flexible living areas and abundant storage throughout. Updates include granite countertops, spa-style master bath, 2 wood-burning fireplaces, shiplap ceilings that give it a warm, villa-like feel, premium Coretec flooring, wall-to-wall carpet upstairs, double-paned windows throughout, freshly painted interior and exterior, all-new appliances (incl. trash compactor and electric cooktop with downdraft), 2 wine/beverage refrigerators, new LED recessed lighting and LED geometric lighting fixtures, new HVAC, additional Mitsubishi mini-split in the master bedroom, and updated plumbing & electrical. 3-car garage with storage cabinets and shelving. Out back, you’ve got a huge patio and yard with a mosquito misting system, so you can actually enjoy it bug-free — and you’re just minutes from golf, tennis, Lake Travis, and some of the best schools in the area. Located in a friendly, safe community zoned to highly rated schools, near hiking trails and playgrounds. Modern upgraded home for a growing family. Owner is motivated and needs to relocate. Don’t miss this move-in-ready gem!

At $298/sqft, this home is 9% 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

801 Electra None, Lakeway, TX 78734

Property Details

Price $1,149,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,858 sqft
Lot Size 0.42 acres (18,456.37 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 17
County Travis
Zip Code 78734
$/sqft $298/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $19,720.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244247124
List Date August 21, 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 · August 21, 2026 $1,159,000
Current ask $1,149,000
Reduced $10,000 (-0.9%) 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
402 Zephyr St
Lakeway Sec 8
$1,155,000 $311 4 bd / 5 ba 3,708 sqft , 2026-04-23
343 Venture Blvd S
Point Venture Sec 01
$1,100,000 $350 4 bd / 4 ba 3,147 sqft , 2026-08-06
930 Electra None
LAKEWAY SEC 13
$1,075,000 $324 4 bd / 4 ba 3,320 sqft , 2026-08-14
813 Sunfish St
Lakeway Sec 04
$1,050,000 $306 4 bd / 4 ba 3,428 sqft , 2026-09-10
108 Crest View Dr
Lakeway Sec 22
$1,249,900 $294 4 bd / 5 ba 4,247 sqft , 2026-06-19

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
$5,515/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
$229,800
20% conventional investment loan

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

Estimated Gross Rent+$5,515
Principal + Interest−$6,271
Property Tax (~2.1% TX avg)−$2,011
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,246

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 11, 2026.

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