Property Overview

This 338 Sailmaster ST home in Lakeway offers compelling value at $233 per square foot—24% below the Austin area median—without sacrificing the lifestyle Lake Travis residents crave. The thoughtfully designed 3-bedroom, 3-bath residence functions like a much larger home, with a flexible main-floor room that adapts to suit any need, whether as a fourth bedroom, home office, or guest quarters. The absence of HOA restrictions provides true freedom in one of Austin's most desirable waterfront communities.

Set on nearly a third acre with greenbelt views and a year-round flowing creek, this 2,314-square-foot residence delivers the serene Hill Country setting that defines Lakeway living. The mature landscaping includes productive fig trees and an automatic irrigation system, while the property's location provides direct access to Lake Travis, championship golf courses, marina amenities, and waterfront dining. The Lake Travis School District serves the area, appealing to families seeking excellent education alongside resort-style recreation.

The home's practical layout supports both relaxation and remote work, making it ideal for modern Austin living. Close proximity to Hill Country Galleria shopping and the region's extensive hike-and-bike trail system completes the package. With motivated sellers and significant pricing advantage, 338 Sailmaster ST presents a rare opportunity to embrace the Lakeway lifestyle.

Agent Description

Seller is very motivated to sell! Lives like a 4-bedroom home with NO HOA! This charming 3-bedroom, 2.5-bath residence offers exceptional flexibility, featuring both a designated office and a versatile flex room conveniently located on the main floor. The flex room can serve as a fourth bedroom, guest space, or additional living area. Located in the highly desirable Lakeway area, this inviting layout is perfect for both relaxation and productivity. It is also situated within the esteemed Lake Travis School District. Residents enjoy convenient access to Lake Travis, golf courses, parks, hike-and-bike trails, marinas, and the Hill Country Galleria for shopping, dining, and entertainment. The property offers privacy with serene greenbelt views and a year-round flowing creek, creating a peaceful, natural setting. The front yard features three fig trees that bear fruit in the summer, and an automatic irrigation system helps maintain the landscape. Recent upgrades include new air conditioning units for both floors—installed in 2023 on the first floor and in 2024 on the second—and a serviced chimney. This home offers a private retreat in the heart of Lakeway. Will be available to show starting on 2/13/26.

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 $233/sqft, this listing is priced 24% below the Lakeway median of $306/sqft.

Property Details

Listing data last updated: March 25, 2026

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