$875,000

Property Overview

Situated on over an acre of prime Lake Travis waterfront, 1004 Linscomb Drive commands one of Lakeway's most coveted positions with more than 100 feet of shoreline and panoramic water views across the cove. The elevated homesite presents a significant development advantage, positioned above the waterline to accommodate new construction without stilts, offering flexibility that many neighboring properties cannot match. This rare combination of privacy, elevation, and waterfront access makes the location ideal for those envisioning a custom lakeside residence in Austin, TX.

The property's existing improvements tell a story of thoughtful waterfront living, featuring multiple structures anchored by a grandfathered lakeside pavilion with an indoor studio and half bath, plus a two-slip boat dock with party deck for immediate water access. Mature trees, established stonework, and terraced pathways create natural flow down to the water's edge, establishing the landscape character and scale that defines Lakeway's most established compounds. At $222 per square foot, this waterfront offering sits notably below the area median, presenting compelling value for buyers seeking both immediate enjoyment and long-term appreciation potential on Lake Travis.

Vox Residential Insight

The elevation and grandfathered structures here give 1004 Linscomb Drive advantages that rarely align in Lakeway's waterfront market, where most properties require extensive rework for new builds. From Vox Residential's perspective, buyers should recognize this land's development potential extends well beyond typical lakefront constraints.

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 $222/sqft, this listing is priced 23% below the Lakeway median of $288/sqft.

Property Details

Listing data last updated: July 16, 2026

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