$269,000
1 bd · 1 ba · 630 sqft
5 TOURNAMENT WAY DR, The Hills, TX 78738
5 TOURNAMENT WAY DR, The Hills, TX 78738 is a 1-bedroom, 1-bathroom condominium listed at $269,000 ($427/sqft). 630 sqft. Built in 1982. Located in Lakeway, Austin TX. Priced 39% above the Lakeway median of $307/sqft. MLS #1675611. Listed by A LIST PROPERTIES.
Property Overview
This one-bedroom condominium at 5 Tournament Way Dr in Lakeway presents a rare opportunity to own waterfront lifestyle living in The Hills of Austin, TX. The downstairs unit anchors itself around a wood-burning fireplace in the living room, creating an inviting gathering space that opens directly onto a private patio—ideal for entertaining guests or enjoying Lake Travis sunsets. The efficient 630-square-foot layout maximizes comfort and functionality for those seeking a secondary residence or primary home near the water.
Lakeway defines resort-style living, and this property grants owners access to that coveted experience through a modest $155 monthly HOA fee that unlocks membership privileges at the community's country club and three additional clubs. Residents enjoy proximity to Lake Travis marina access, championship golf courses, and waterfront dining venues that elevate the everyday. The location sits within the highly-regarded Lake Travis school district, adding value for families prioritizing education. At $427 per square foot, the price reflects the premium positioning of this Lakeway address compared to the broader Austin market.
This rarely-available downstairs unit offers genuine lakeside community living without the demands of full home ownership—a distinct advantage for those drawn to Lakeway's distinctive blend of recreation, leisure, and natural beauty.
Agent Description
A GREAT OPPORTUNITY TO OWN IN THE HILLS OF LAKEWAY. LIVING ROOM HAS WOOD BURNING FIREPLACE. THESE RARELY COME ON THE MARKET. THIS IS A DOWNSTAIRS UNIT WITH PATIO OFF OF MAIN LIVING PERFECT FOR ENTERTAINING AND GRILLING. ALL OWNERS ARE REQUIRED TO PAY 155.00 A MONTH. THIS GIVES YOU A SOCIAL MEMBERSHIP THAT ALLOWS ACCESS TO COUNTRY CLUB AS WELL AS 3 OTHERS .LOCATED IN HIGHLY ACCLAIMED LAKE TRAVIS SCHOOL DISTRICT
Neighborhood: Lakeway
This property is located in Lakeway, Austin, TX. The area is known for Lake Travis Living, Marina Access, Golf Courses, Waterfront Dining, Resort Lifestyle.
At $427/sqft, this listing is priced 39% above the Lakeway median of $307/sqft.
Property Details
| Property Type | Condominium |
| Year Built | 1982 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Living Area | 630 sqft |
| Lot Size | 2,047.32 sqft |
| Price per Sqft | $427 |
| Listed | Mar 20, 2026 |
| MLS # | 1675611 |
| Listed By | A LIST PROPERTIES |
Listing data last updated:
Frequently Asked Questions
What is the listing price of 5 TOURNAMENT WAY DR, The Hills, TX 78738?
This property is listed at $269,000, which is $427 per square foot. That is 39% above the Lakeway area median of $307/sqft.
How many bedrooms and bathrooms does 5 TOURNAMENT WAY DR, The Hills, TX 78738 have?
This home has 1 bedroom and 1 bathroom, with 630 square feet of living space.
When was 5 TOURNAMENT WAY DR, The Hills, TX 78738 built?
This property was built in 1982, making it 44 years old.
What neighborhood is 5 TOURNAMENT WAY DR, The Hills, TX 78738 in?
This property is in Lakeway, Austin, TX. The area is known for lake travis living, marina access, golf courses.
How long has 5 TOURNAMENT WAY DR, The Hills, TX 78738 been on the market?
This listing has been on the market for 1 day. This is a recent listing.
What type of property is 5 TOURNAMENT WAY DR, The Hills, TX 78738?
This is a Condominium on a 2,047.32 sqft lot.