$1,325,000

Property Overview

This exceptional Lakeway estate commands an extraordinary 1.31-acre homesite originally composed of two separate parcels, offering rare flexibility for Austin TX real estate investors and families seeking privacy and potential. The single-story home spans 3,528 square feet across four bedrooms and four bathrooms, featuring soaring ceilings and a thoughtful layout that emphasizes indoor-outdoor living. A chef's kitchen flows seamlessly into expansive entertaining spaces, while the primary suite delivers a spa-like retreat with direct patio access to resort-style grounds.

The property's true distinction lies in its subdivided potential: approximately 0.7 acres remains available as a separate parcel, ideal for a future residence, accessory dwelling unit, or private recreation area. A dedicated study caters to remote professionals, and the detached three-car garage connected via breezeway maintains design elegance while providing practical separation. Guest quarters with pool access complete this versatile compound.

Located in Lakeway's prestigious resort community near Lake Travis, this home positions owners among championship golf courses, marina access, and waterfront dining. The $376 per-square-foot pricing reflects the land value and lifestyle premium this sought-after Austin TX neighborhood commands, where lake living and recreational opportunities remain unmatched.

Vox Residential Insight

This is a rare back-on-market opportunity with genuine land value that Vox Residential sees as appealing to buyers who recognize Lakeway's long-term appreciation potential and the strategic advantage of two-lot ownership. The subdivision component alone sets this property apart from typical Lakeway listings and warrants serious consideration from those seeking both lifestyle and investment flexibility.

Agent Description

Back on market — buyer did not move forward with closing due to personal reasons unrelated to the property. The recent price adjustment is due to a corrected square footage measurement. TCAD had the home’s square footage listed incorrectly for many years, and a professional appraiser recently measured the property at approximately 3,528 square feet. The new list price reflects this updated and accurate square footage. Rare opportunity in the heart of Lakeway—an exceptional flat 1.31-acre homesite, originally comprised of two lots, offering a separate ~0.7-acre portion ideal for a future residence or a private sports court. This quality-built, estate-style single-story home spans over 3500 square feet and features 4 bedrooms, soaring ceilings, expansive living spaces, and seamless indoor-outdoor flow. The chef’s kitchen opens to the main living area, while the spacious primary suite offers a true retreat with a spa-like bath and private patio access. A dedicated study provides the perfect work-from-home space, and a well-appointed dining area enhances everyday living. A charming courtyard entry enhances the home’s character, while the detached three-car garage is connected by a breezeway, offering both privacy and convenience. An ensuite guest quarters with private access to the pool and outdoor living area provides ideal accommodations for guests or multi-generational living. The property backs to a greenbelt, offering exceptional privacy, and is located on a quiet street with little traffic. Outdoor living is exceptional, featuring a resort-style pool and spa, multiple covered patios, and a separate pavilion with a fire pit—perfect for entertaining. The low-maintenance grounds offer both beauty and ease, all just minutes from Lakeway amenities, golf, and 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 $376/sqft, this listing is priced 31% above the Lakeway median of $287/sqft.

Property Details

Listing data last updated: July 16, 2026

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