$825,000

Property Overview

This 1.15-acre Lakeway sanctuary on Linscomb Drive combines rare Lake Travis waterfront positioning with significant development potential at 27 percent below area median pricing. Over 100 feet of private shoreline and sweeping water views define the property, while its elevated placement above the waterline eliminates the stilts required on many neighboring waterfront homes, creating genuine flexibility for future construction. The current improvements include a two-slip boat dock with party deck, a grandfathered lakeside pavilion featuring an indoor studio and half bath, and mature landscaping with established stonework and terraced pathways that lead naturally to the water's edge.

The two-story, 3,947-square-foot home anchors the property with multiple living and dining areas, primary bedroom on the main level, and beamed ceilings that capture the setting's resort lifestyle appeal. Three full baths, a fireplace, and covered porches frame the lakeside experience, while the private drive ensures seclusion within Lakeway's most sought neighborhoods. This is the kind of waterfront parcel that combines immediate recreational enjoyment with long-term investment appeal—marina access, championship golf courses, and waterfront dining define daily life here in Austin's premier lake community.

Vox Real Estate Insight

At $209 per square foot against a $285 area median, this represents exceptional value for Lake Travis waterfront in Lakeway—the kind of pricing opportunity that emerges when a property's development potential overshadows its current structures. The Vox Real Estate team sees this as a rare convergence of accessible luxury, boating lifestyle, and genuine land value for the Austin buyer seeking both immediate water access and thoughtful long-term positioning.

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 $209/sqft, this listing is priced 27% below the Lakeway median of $287/sqft.

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