$1,450,000

Property Overview

This iconic Mushroom Home commands one of Lake Travis's most enviable positions on Buffalo Gap Road in Lakeway, where over an acre of deep waterfront meets architectural distinction that has captivated lake enthusiasts for decades. The property's instantly recognizable silhouette rises above the south shore's pristine waters, offering unobstructed sunset views and direct dock access to Lake Travis's deepest channels. Beyond the 1,528-square-foot main residence sits a separate casita, creating flexibility for extended family, guest quarters, or income potential that appeals to various ownership visions.

Priced at land value, this 1974-built property unlocks extraordinary potential in one of Austin TX's most desirable lake communities. The Buffalo Gap neighborhood carries fewer restrictions than many Lakeway areas, allowing owners to reimagine the site as a family compound, short-term rental operation, or future custom build. Whether the vision involves preserving the home's legendary presence or starting fresh on this generational waterfront canvas, the foundation of lake living excellence is already in place.

Vox Residential Insight

This property represents a rare convergence of lakefront prestige and architectural character in the Lakeway market—the Mushroom Home's iconic status alone attracts serious buyers seeking both lifestyle and legacy. At Vox Residential, we recognize this as an opportunity for visionary owners willing to see beyond the current structure to the substantial land value and operational flexibility this south shore location provides.

Agent Description

Available for the 1st time...the ICONIC “Mushroom Home” on Lake Travis! STUNNING VIEWS, DEEP WATER, and ENDLESS OPPORTUNITIES on the South Shore of Lake Travis! The iconic “Mushroom Home” has been revered by lake-goers throughout the years and is now coming to market. Set on over 1 acre of DEEP waterfront with a dock and an additional casita, this property brings big lake energy, unforgettable architecture, and sunset views that do not quit. The location is beyond compare on the south shore in the highly desired Buffalo Gap area, with fewer restrictions and less red tape. A true good ole lake neighborhood! Marketed at land value for the buyer to do as they wish. Family lake compound, STR, or hold until you build. So many options. The lake, the land, and the views are already here.

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 $949/sqft, this listing is priced 230% above the Lakeway median of $288/sqft.

Property Details

Listing data last updated: July 16, 2026

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