$694,000

Property Overview

This 3,381-square-foot residence on American Kestrel Drive in Falconhead offers exceptional value in one of Lakeway's most coveted golf course communities. Priced at $694,000—29 percent below area median—the home delivers substantial living space with a thoughtfully designed floor plan featuring a main-level primary suite, dedicated office, game room, media room, and flexible bonus areas ideal for growing families or those seeking multi-functional living. The open-concept kitchen and living spaces flow effortlessly onto a covered patio overlooking a private backyard with no rear neighbor and views of the championship golf course.

Recent updates including fresh interior paint, new upstairs carpet, replaced HVAC system, and a new water heater ensure move-in readiness. The Lakeway location provides immediate access to marina facilities on Lake Travis, premier dining, and the resort-style amenities that define this sought-after Austin community. Zoned to highly regarded Lake Pointe Elementary, this property balances everyday convenience with the recreational lifestyle residents choose Bee Cave for.

Vox Residential Insight

The 29-percent pricing advantage combined with genuine functional versatility makes this American Kestrel property an exceptional opportunity in Falconhead—Vox Residential sees homes with this combination of space, condition, and value positioning moving quickly once the market recognizes the deal. At $205 per square foot against a $289 neighborhood average, this represents strategic pricing that appeals to both primary residents and investors seeking Lakeway's growth trajectory.

Agent Description

ROOM TO GROW IN FALCONHEAD-If you've been searching for more space without stretching your budget, this may be the opportunity you've been waiting for. With 3,381 square feet, a main-level primary suite, dedicated office, game room, media room, and flexible bonus spaces, this home offers one of the most versatile floor plans currently available in Falconhead. Located in one of Bee Cave's most sought-after golf course communities and zoned to highly regarded Lake Pointe Elementary, the home combines everyday convenience with the lifestyle buyers are moving to this area to enjoy. Fresh interior paint, new upstairs carpet, a new front door, HVAC replaced in 2022, and water heater replaced in 2020 make this home move-in ready from day one. The open-concept kitchen and living areas connect seamlessly to the covered patio and private backyard with no rear neighbor and distant golf course views, creating the perfect setting for entertaining, family gatherings, or quiet evenings at home. A dedicated office on the main level provides an ideal work-from-home setup, while upstairs offers three additional bedrooms, a full bath, spacious game room, and media room. These flexible spaces can easily serve as a fifth bedroom, guest suite, fitness room, second office, or teen retreat. The oversized garage bump-out provides valuable space for a golf cart, workshop, bikes, seasonal storage, or outdoor gear. Enjoy walkability to Lake Travis High School, Bee Cave Central Park, shopping, dining, and Target, with easy access to downtown Austin, Lakeway, and the Hill Country Galleria. For buyers comparing homes in Falconhead, this property offers something increasingly difficult to find: exceptional square footage, flexible living spaces, and long-term value at an attractive price point.

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 $205/sqft, this listing is priced 29% below the Lakeway median of $287/sqft.

Property Details

Listing data last updated: July 16, 2026

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