$799,000

Property Overview

Nestled on Lake Travis in the Lakeway area near Austin, TX, this distinctive 35,218-square-foot property spans three adjacent parcels and presents a rare opportunity for waterfront investment. The gently sloping terrain descends toward the water, offering flexible development potential and the possibility of future subdivisions. The current tiny home, built in 2023, serves as a charming lock-and-leave retreat that sleeps six, complete with recently installed utilities including electricity, well, and septic systems. This innovative approach to lakefront ownership allows buyers to enjoy immediate lake access and Hill Country views while envisioning future construction possibilities.

The property's versatility is its greatest asset. The tiny home can remain as a guest cottage or revenue-generating rental, be removed entirely to make way for custom development, or function as a personal weekend escape during the planning phase. Two parcels remain vacant, closest to the waterline, providing optimal building sites with no known restrictions on the land. Marina access, nearby golf courses, and waterfront dining throughout the Lakeway community enhance the resort-lifestyle appeal of this Lake Travis location.

At $799,000, this unconventional property offers substantial acreage and waterfront positioning at a notably lower entry point than traditional lakefront homes in the region. The combination of immediately usable structures, pristine land, and development flexibility creates compelling options for investors, second-home buyers, and those seeking distinctive Austin-area real estate.

Agent Description

Seeking a getaway property on Lake Travis without the hefty price tag?!? Don't miss this opportunity to invest in waterfront land, enjoy a lock & leave tiny home, & dream about future build ideas (or enjoy the current simplicity)! This .8 acre property consists of 3 ADJACENT LOTS with a charming tiny house, electricity, well, & septic recently added to the property! The tiny house comfortably sleeps 6 people, and is the perfect place to enjoy the lake, hill country views, & peaceful setting surrounded by nature. The land provides some nice build sites with gently sloping topography to the water & ability to sell off individual parcels (tiny home sits across 631 & 635 Ivean Pearson; 639 is vacant land closest to the lake). Buyer to verify but seller believes there are NO RESTRICTIONS. **Tiny Home can convey with strong offer but most furnishings not included. Tiny Home can also be removed.**

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 $2018/sqft, this listing is priced 579% above the Lakeway median of $297/sqft.

Property Details

Listing data last updated: May 19, 2026

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