Active Listing  ·  20 days on market

842 Sunfish St

Lakeway, TX 78734
$939,000
4 Bed 3 Bath 3,027 sqft $310/sqft Built 2003 0.40 acres 2-Car Garage Pool Lakeway Sec 14

A rare combination of extensive updates, generous outdoor space, and an exceptionally flat driveway awaits in the heart of Lakeway. Freshly painted and landscaped, this beautifully maintained home offers over 3,000 square feet of light-filled living space and more than $90,000 in recent improvements.

Step through the grand entry into soaring ceilings and abundant natural light, with a dedicated office and formal dining room leading into the heart of the home. The living room opens to the kitchen and dining area, centered around a beautiful fireplace and a wall of windows overlooking the backyard. The updated kitchen features new countertops, backsplash and appliances, while plantation shutters, updated lighting and fixtures, refreshed bathrooms, a remodeled staircase and railings, and extensive electrical and plumbing improvements are among the many upgrades throughout.

The main-level primary suite offers a spacious bath and walk-in closet. Upstairs, three additional bedrooms share a thoughtfully designed bath with separate sink areas, while a loft provides additional living space. A large media room offers even more flexibility and could easily serve as a fifth bedroom, game room, home gym or second office.

Outside, relax beneath the canopy of a mature oak tree on the backyard patio, surrounded by a spacious lawn and landscaping along the fence line that creates a peaceful setting for morning coffee or evening cocktails. Extensive improvements also include interior and exterior paint, fencing, landscaping, lighting, fixtures and more.

All of this is tucked into a sought-after Lakeway neighborhood surrounded by The Hills Country Club golf courses—with golf literally across the street—and just minutes from Lake Travis. Updated, spacious and move-in ready, this is Lakeway living at its best.

At $310/sqft, this home is 5% 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

842 Sunfish St, Lakeway, TX 78734

Property Details

Price $939,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,027 sqft
Lot Size 0.40 acres (17,302.03 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lakeway Sec 14
County Travis
Zip Code 78734
$/sqft $310/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,245.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245526629
List Date September 3, 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
91 Duck Lake Dr
Lakeway Sec 26-C Final
$939,000 $254 4 bd / 4 ba 3,704 sqft , 2026-05-07
608 Flamingo Cv
Lakeway Sec 31
$850,000 $300 3 bd / 3 ba 2,832 sqft , 2026-08-07
106 El Norte Ct
Lakeway Sec 26
$850,000 $322 4 bd / 3 ba 2,640 sqft , 2026-08-21
124 Lakeway Dr
Lakeway Sec 01
$840,000 $331 3 bd / 3 ba 2,539 sqft , 2026-09-09
813 Sunfish St
Lakeway Sec 04
$1,050,000 $306 4 bd / 4 ba 3,428 sqft , 2026-09-10

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
$4,507/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
$187,800
20% conventional investment loan

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

Estimated Gross Rent+$4,507
Principal + Interest−$5,125
Property Tax (~2.1% TX avg)−$1,643
Insurance (~0.5%)−$391
Est. Monthly Cash Flow $-2,652

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 14, 2026.

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