Active Listing  ·  33 days on market

909 Brooks Hollow Rd

Lakeway, TX 78734
$4,495,000
4 Bed 4 Bath 5,000 sqft $899/sqft Built 2027 2.67 acres 2-Car Garage Pool Waterfront Jasper Gilbert Surv # 544 Abs

A rare opportunity to create an extraordinary waterfront estate on 2.668 acres with more than 200 feet of deep-water frontage on Lake Travis. This exceptional Lakeway homesite offers gently sloping terrain, mature oaks, picturesque views, and no HOA. Enjoy immediate lake access from the custom dock with two boat slips, hydra lift, jet ski dock, wet bar, and expansive upper viewing deck. Rock-accented terraces lead to the water, while an iron fence adds privacy and a storage unit provides space for recreational equipment. Patterson Custom Homes estimates custom construction at approximately $500 per square foot, subject to final design, specifications, site conditions, engineering, selections, and builder pricing. Buyers may use Patterson Custom Homes or the Builder of their choice. Land may be purchased independently with no Builder affiliation required for $1,995,000. The conceptual residence shown illustrates the possibilities for sophisticated architecture, elevated finishes, indoor-outdoor living, and a pool. Important Disclosure: All renderings, elevations, specifications, dimensions, features, and other home details shown or described are conceptual and for illustrative purposes only. The proposed residence has not been permitted, approved, or authorized for construction. No representation or warranty is made that the home depicted can be constructed as shown. Final design and construction are subject to buyer due diligence, site conditions, surveys, engineering, architectural plans, applicable governmental and regulatory requirements, permitting, utility availability, building restrictions, and any other applicable approvals. Pricing is an estimate only and is subject to change based on final plans, specifications, selections, site work, and builder pricing.

At $899/sqft, this home is priced 175% 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

909 Brooks Hollow Rd, Lakeway, TX 78734

Property Details

Price $4,495,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 5,000 sqft
Lot Size 2.67 acres (116,218.08 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Jasper Gilbert Surv # 544 Abs
County Travis
Zip Code 78734
$/sqft $899/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $37,663.34
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT244216846
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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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
805 Brooks Hollow Rd
Gilbert J
$3,900,000 $578 5 bd / 4 ba 6,749 sqft , 2026-08-16
1500 Buffalo Gap Rd
Buffalo Gap
$3,500,000 $1,030 3 bd / 3 ba 3,399 sqft , 2026-04-06
614 Robin Dale Dr
Lakeway Sec 29
$3,349,000 $672 5 bd / 6 ba 4,980 sqft , 2026-05-26
107 Edgewater Cv
Edgewater Sec 02
$2,999,000 $714 4 bd / 6 ba 4,198 sqft , 2026-07-02
16118 Clara Van St
San Casciano
$2,949,000 $519 5 bd / 6 ba 5,680 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
$21,576/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
$899,000
20% conventional investment loan

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

Estimated Gross Rent+$21,576
Principal + Interest−$24,531
Property Tax (~2.1% TX avg)−$7,866
Insurance (~0.5%)−$1,873
Est. Monthly Cash Flow $-12,694

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 21, 2026.

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