$298,000

Property Overview

This three-bedroom, three-bath condominium at 138 World of Tennis Square presents a rare value opportunity within Lakeway's prestigious resort-style community. Originally built in 1971 and completely refreshed, the home spans 2,000 square feet of thoughtfully designed living space bathed in natural light. An open floor plan flows seamlessly from the expanded kitchen—designed as a true gathering hub—through tile-floored living areas and into a versatile secondary living space with warm wood floors, perfect for a home office or media room. Three updated bathrooms and modern finishes throughout eliminate the need for immediate projects.

Set within the World of Tennis community, residents enjoy direct access to Lake Travis amenities, marina access, championship golf courses, and waterfront dining experiences that define Hill Country leisure. The expansive 8,755-square-foot lot anchors this property within one of Austin's most sought-after lake communities. At $149 per square foot, this home sits significantly below the area median, offering exceptional positioning for buyers seeking lakefront-adjacent living without premium pricing. The motivated sellers have priced this opportunity to move quickly, combining Lakeway's lifestyle advantages with immediate occupancy appeal.

Vox Residential Insight

The World of Tennis location and current pricing create a compelling entry point for buyers seeking Lake Travis access and resort amenities at well below-market costs. The Vox Residential team sees genuine value here—the home is move-in ready, the community lifestyle is unmatched in the Austin area, and at 51% below median price per square foot, this represents smart positioning for the current market.

Agent Description

SELLER'S ARE VERY MOTIVATED! Set inside Lakeway’s iconic World of Tennis community, this home delivers the ideal balance of Hill Country tranquility, everyday convenience, and resort-style living. From the moment you step inside, it’s clear this is a home designed to be enjoyed immediately—bright, polished, and truly move-in ready. Natural light pours through the space, highlighting an intuitive, open layout that feels welcoming and easy to live in. With 2,000 sq.ft. , the home flows effortlessly from room to room. Tile flooring throughout the main level keeps things crisp and low-maintenance, while fully updated bathrooms offer modern finishes that feel fresh and complete—no projects waiting here. The expanded kitchen adds more than just square footage; it creates a true gathering space with room to cook, host, and connect. An additional living area with warm wood floors provides flexibility for a media room, home office, or relaxed second lounge. Lifestyle is where this home truly shines. Just steps away at the heart of the World of Tennis features eight tennis courts, miles of shaded walking trails, and 13 acres of beautifully maintained, park-like grounds that feel more like a private resort than a neighborhood. The location is equally compelling—walkable to top-rated Serene Hills Elementary, known for its Gifted & Talented program, and zoned to the highly acclaimed Lake Travis ISD. Fitness and recreation are right around the corner at the Hills of Lakeway Elevation Athletic Club (Membership Needed) , while Lake Travis, the Hill Country Galleria, The Oaks at Lakeway, and the future Square at Lakeway are all just minutes away. Ownership is refreshingly simple with an HOA that includes structural insurance, trash service, and exterior and common-area maintenance. The result is a lock-and-leave lifestyle without sacrificing space, comfort, or access to everything Lakeway has to offer. Simply put, this home is ready to elevate your everyday life.

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 $149/sqft, this listing is priced 50% below the Lakeway median of $297/sqft.

Property Details

Listing data last updated: May 19, 2026

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