$695,000

Property Overview

This corner lot residence at 501 Flamingo Boulevard commands exceptional value in Lakeway, priced 19 percent below the area median at $235 per square foot. The nearly 21,000-square-foot lot provides privacy and proximity to championship golf courses and Lakeway's airstrip, anchoring this three-bedroom, three-bath home within Austin's most prestigious resort community. The 2,963-square-foot open floor plan flows seamlessly for both daily living and entertaining, with formal dining and a flexible study flanking the entry before opening into the expansive main living area. The primary suite retreats to the rear with its own sitting area overlooking the backyard, while two secondary bedrooms share the front wing, maximizing privacy between spaces.

Recent renovations throughout demonstrate serious attention to quality. New wood flooring downstairs, updated carpet upstairs, and fresh paint create a clean foundation, while all three bathrooms showcase new cabinetry, quartz countertops, and contemporary fixtures. The skylighted game room above the secondary bedroom wing provides flexible space for guests or recreation, accessible via discreet hallway stairs. New garage doors, light fixtures, and ceiling fans complement the recent roof assessment, positioning 501 Flamingo Boulevard as a move-in ready option for buyers seeking Lake Travis lifestyle without premium pricing.

Vox Residential Insight

The Vox Residential team recognizes this corner lot's unique positioning—offering rare privacy in Lakeway while maintaining walkable proximity to the marina district and golf amenities at nearly 20 percent below comparable valuations. For buyers seeking resort living with genuine value, this recently refreshed home presents the kind of opportunity that typically generates interest quickly in this market.

Agent Description

Beautiful corner lot has great privacy and is close to golf course and Lakeway air strip. Open floorplan has great flow for everyday living and entertaining. Formal dining room and open sitting area or study flank front entry. Large main living area separates kitchen/breakfast areas from bedrooms. Private primary suite with sitting area overlooking back yard is accessed off the rear of the living area. Two secondary bedrooms and a shared bath are at the front of the house on the right side. Stairs to spacious game room is tucked away in hallway to secondary bedrooms. The third full bath is located off the game room, making this a great space for the occasional guest. Recent improvements include new wood flooring downstairs and carpet upstairs. All 3 full baths have new cabinetry, quartz countertops, tile shower and tub surrounds, sinks and plumbing fixtures. Both garage doors are new. Light fixtures and ceiling fans are new. Interior has fresh paint. Roofing materials recently checked and minor repairs were made. Miscellaneous exterior repairs and paint touch-up were also done. Property is an estate sale. Probate is completed and title has been opened and verified by Independence Title in Lakeway. Seller has found and will provide documentation for engineered septic, survey and disclosures pertaining to recent improvements. Property has not been occupied since just prior to owner's death. Call agent with questions or clarification.

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 $235/sqft, this listing is priced 18% below the Lakeway median of $288/sqft.

Property Details

Listing data last updated: July 16, 2026

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