Property Overview

This charming three-level townhouse at 559 Demarett Drive in Point Venture captures the essence of Lakeway living with direct golf course views and convenient lake access. Built in 1972 and substantially updated within the last two years, the 1,809-square-foot residence showcases a thoughtfully renovated kitchen featuring quartz countertops, stainless steel appliances, and a striking lantern-pattern backsplash. The open living area impresses with soaring ceilings and a suspended wood-burning fireplace that blends mid-century modern charm with vintage character. Each of the three generously proportioned floors contains a bedroom with walk-in closet and full bathroom, providing flexible living arrangements for primary residence, investment property, or vacation retreat.

The true appeal emerges through multiple outdoor patios on each level, with the upper floor offering serene lake views ideal for morning coffee or evening relaxation. The lower floor's spacious layout accommodates diverse uses—a media room, home gym, office, or additional entertaining space. Abundant storage throughout maximizes functionality in this well-designed layout. Point Venture residents enjoy lakeside dining, championship golf courses, marina amenities, and resort-style resort lifestyle at a remarkable value—this property prices significantly below the area median at just $127 per square foot, offering Austin-area buyers an exceptional opportunity for waterfront living with established community amenities and recreational access.

Agent Description

Charming townhouse on the local golf course and short distance to the lake is perfect for an owner occupant, STR investment, or vacation getaway. Updates in last 2 years include kitchen, bathrooms, HVAC and flooring. Relaxing outdoor patios on every level with their own unique atmosphere, including lake views from the top floor. Every floor has a generously sized bedroom with a walk-in closet and an updated full bathroom. Ample indoor and outdoor storage space. Recently renovated kitchen has newly installed range and dishwasher, oversized stainless steel sink with dual function faucet, grey quartz countertops and white lantern shaped backsplash. Living space has soaring ceilings with a striking suspended wood-burning fireplace, bringing together elements of mid-century modern and vintage design. Each floor with its own potential, use every room as a bedroom or use the spacious lower room as a movie theater, game room, office, gym, etc. Community amenities include pool, restaurant, library, gym, tennis and pickleball courts, clubhouse, and access to marina for an additional fee. Lago Vista is a short drive for more restaurants, grocery stores and things to do. Short Term Rental / STR allowed! Lots of amenities nearby, make your appointment today!

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 $127/sqft, this listing is priced 58% below the Lakeway median of $306/sqft.

Property Details

Listing data last updated: March 25, 2026

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