Active Listing  ·  96 days on market

802 Crestone Stream Dr

Lakeway, TX 78738
$1,299,000
4 Bed 3 Bath 2,956 sqft $439/sqft Built 2013 0.29 acres 3-Car Garage Pool Serene Hills Sub Ph 2e

Backing to an 18-acre greenbelt with 3.6 miles of walking trails, 802 Crestone Stream Drive offers a rare combination of privacy, thoughtful updates, and effortless single-story living. This bright and spacious 4-bedroom home with a dedicated office, 3.5 baths, and nearly 3,000 square feet features a highly functional floor plan, elegant architectural details, crown molding, remodeled bathrooms, and beautiful greenbelt views. Rich chocolate-brown real hardwood floors flow throughout the home, adding character and style.

The inviting family room is anchored by a floor-to-ceiling stone fireplace with custom built-in shelving and cabinetry, creating a warm focal point. The living area opens seamlessly to the gourmet kitchen and breakfast area, making the home ideal for everyday living and entertaining. The kitchen features built-in KitchenAid appliances, quartz countertops, a stylish backsplash, refinished cabinetry, and a convenient butler’s pantry/coffee bar with beverage refrigerator. A large formal dining room provides additional space for gatherings and special occasions.

The private primary suite offers a beautifully remodeled bathroom with designer tile, a pedestal soaking tub, and a spacious walk-in shower. A secondary guest bathroom has also been tastefully updated with striking marble tile, while two additional guest bedrooms share a Jack-and-Jill bath. The large utility room offers excellent functionality, with space for a second refrigerator.

Outdoor living is a true highlight. The covered patio includes a built-in fireplace and BBQ island, overlooking a sparkling self-cleaning pool and the lush greenbelt backdrop beyond.

Complete with a 3-car garage with epoxy flooring, direct access to nature trails, and a very private greenbelt setting, this beautifully updated home delivers comfort, style, and an exceptional lifestyle in Serene Hills within Lake Travis ISD and zoned to Serene Hills Elementary.

At $439/sqft, this home is priced 34% 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

802 Crestone Stream Dr, Lakeway, TX 78738

Property Details

Price $1,299,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,956 sqft
Lot Size 0.29 acres (12,458.16 sqft)
Year Built 2013
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Serene Hills Sub Ph 2e
County Travis
Zip Code 78738
$/sqft $439/sqft
Days on Market ,
HOA $255/Quarterly
Annual Tax Est. $25,624
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236883866
List Date June 19, 2026
Elementary School Serene Hills
Middle School Lake Travis
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 · June 19, 2026 $1,375,000
Previous ask $1,329,000
Current ask $1,299,000
Reduced $76,000 (-5.5%) 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
411 Ringtail Stream Dr
Serene Hills Sub Ph 2W
$1,218,000 $413 4 bd / 4 ba 2,947 sqft , 2026-08-28
706 Crestone Stream Dr
Serene Hills Sub Ph 2E
$1,395,000 $358 4 bd / 5 ba 3,894 sqft , 2026-09-09
207 LODESTONE Ln
The Estates Of Flintrock
$1,395,000 $383 4 bd / 4 ba 3,642 sqft , 2026-09-18
328 Ringtail Stream Dr
Serene Hills Sub Ph 2W
$1,397,000 $392 4 bd / 4 ba 3,563 sqft , 2026-06-13
1110 Crestone Stream Dr
Serene Hills Sub Ph 3E
$1,400,000 $397 4 bd / 4 ba 3,528 sqft , 2026-07-20

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
$6,235/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
$259,800
20% conventional investment loan

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

Estimated Gross Rent+$6,235
Principal + Interest−$7,089
Property Tax (~2.1% TX avg)−$2,273
Insurance (~0.5%)−$541
Est. Monthly Cash Flow $-3,668

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 19, 2026.

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