$995,000

Property Overview

This 1.15-acre Lake Travis waterfront estate on Linscomb Drive in Lakeway presents an exceptional opportunity to own elevated waterfront with over 100 feet of prime shoreline and sweeping cove views. Positioned above the waterline, the property offers a significant development advantage that eliminates the need for costly stilts, a rarity among Lake Travis properties. The mature landscape features terraced paths, established stonework, and native trees that guide visitors down to a grandfathered lakeside pavilion with indoor studio and half bath, complemented by a two-slip boat dock and party deck designed for entertaining.

The existing 3,947-square-foot home and multiple structures create immediate options for renovation or redevelopment. At $252 per square foot, this listing sits 16 percent below the Lakeway area median, offering compelling value for buyers seeking waterfront positioned for long-term appreciation. Set along a quiet private drive, the property delivers the resort lifestyle Lake Travis is known for while providing the privacy and elevated land that discerning waterfront buyers actively seek.

Vox Residential Insight

At Vox Residential, we recognize that elevated waterfront parcels like this are increasingly rare on Lake Travis, and the elimination of stilt construction creates genuine development flexibility most lakefront properties cannot offer. The combination of below-market pricing, established structures, and premium shoreline length positions this Lakeway property as a strong value play for buyers looking beyond standard residential acquisitions.

Agent Description

Set along a quiet private drive, this 1.15-acre property offers a rare opportunity to secure elevated Lake Travis waterfront in one of Lakeway’s most desirable pockets. With over 100 feet of shoreline and sweeping views across the cove, the setting delivers both privacy and long-term upside. Positioned above the waterline, the homesite provides a significant advantage for future construction. The elevation allows for new development without the need for stilts, creating a more efficient and flexible build process compared to many neighboring waterfront properties. The existing improvements include multiple structures, a grandfathered lakeside pavilion with indoor studio and half bath, and a two-slip boat dock with party deck. Mature trees, established stonework, and terraced paths lead down to the water, giving the property a sense of character and scale that is increasingly difficult to replicate. While the current home and structures offer potential for renovation, the highest and best use is likely redevelopment. This property reflects the growing emphasis on premier waterfront land, offering a generous footprint, usable topography, and exceptional positioning on the lake. Whether envisioned as a custom estate or a long-term investment, this is a standout opportunity to create something truly special on Lake Travis.

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 $252/sqft, this listing is priced 15% below the Lakeway median of $297/sqft.

Property Details

Listing data last updated: May 19, 2026

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