Active Listing  ·  119 days on market

953 Flagtop Ct

Lakeway, TX 78738
$2,399,900
5 Bed 6 Bath 5,170 sqft $464/sqft Built 2026 0.73 acres 3-Car Garage Pool Las Brisas Estates

MLS# 1677583 - Built by Drees Custom Homes - Nov 2026 completion! ~ Stunning 5 Bed, 5.5 Bath home in Lakeway, TX! The Lynmar II is a gorgeous 5,100 square-foot new home that boasts amazing indoor and outdoor entertaining spaces. The two-story foyer invites you in and draws your eye to the two-story dining room that overlooks the courtyard. The gourmet kitchen includes a working pantry and a fabulous wine grotto. The spacious family room includes a fireplace and a multi-panel sliding door to the courtyard and covered porch. Upstairs, entertain in the game and media rooms or head outside to the second-story covered porch. This plan includes three standard bedrooms, with both an independent living suite and primary suite on the main floor. Additional highlights include a welcome home office and a three-car garage, including a carriage garage, perfect for extra storage. Virtual tours and furnished interior photos are for illustrative purposes only and floor plan layouts and elevations may vary.

At $464/sqft, this home is priced 42% 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

953 Flagtop Ct, Lakeway, TX 78738

Property Details

Price $2,399,900
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 5,170 sqft
Lot Size 0.73 acres (31,798.8 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Las Brisas Estates
County Travis
Zip Code 78738
$/sqft $464/sqft
Days on Market ,
HOA $216/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231602313
List Date May 27, 2026
Elementary School Rough Hollow
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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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
508 Woodside Ter
Rough Hollow
$2,199,900 $357 5 bd / 8 ba 6,164 sqft , 2026-04-29
109 Largo Cv
Rough Hollow Sec 10
$2,150,000 $469 4 bd / 5 ba 4,580 sqft , 2026-06-12
102 Canyon Turn Trl
Rough Hollow
$1,990,000 $437 4 bd / 6 ba 4,554 sqft , 2026-03-04
4300 Derrick Cv
Bee Creek Estates
$2,999,990 $465 5 bd / 7 ba 6,453 sqft , 2026-03-22
3831 Lakehurst Rd
Bee Creek Lakeside
$1,788,586 $360 5 bd / 6 ba 4,973 sqft , 2026-09-16

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
$11,520/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
$479,980
20% conventional investment loan

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

Estimated Gross Rent+$11,520
Principal + Interest−$13,097
Property Tax (~2.1% TX avg)−$4,200
Insurance (~0.5%)−$1,000
Est. Monthly Cash Flow $-6,777

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 →