$689,000

Property Overview

This 2012-built residence on Joseph Drive in Lakeway presents an exceptional value proposition at 22 percent below the area median price per square foot. The 2,961-square-foot home anchors The Preserve at Lakeway with a thoughtfully designed open floor plan that maximizes light and flow across the main level, where four bedrooms and a dedicated office accommodate both daily living and professional needs. The primary suite features a spa-caliber bathroom with dual vanities, separate soaking tub, and walk-in shower, while generous secondary bedrooms with abundant closet space offer flexibility for a growing family.

The true distinguisher emerges on the second floor: a private suite complete with its own bedroom, full bathroom, and sizable living area that functions seamlessly as guest quarters, extended family space, or a home office retreat. This dual-use upstairs transforms the property into a multi-generational haven without compromising the main residence's intimacy. The oversized three-car garage provides serious storage capacity, a practical asset in Lakeway's resort-lifestyle community. Situated on nearly 1.2 acres with direct access to Lake Travis amenities, marina services, and championship golf courses, this Joseph Drive property delivers waterfront living without premium waterfront pricing.

Vox Residential Insight

The Preserve at Lakeway offers substantial square footage and functional flexibility at a compelling price point that doesn't exist elsewhere in this lakeside market, according to the Vox Residential team. That private upstairs suite positions this home as an outlier for multi-generational families or remote workers seeking dedicated space within a community known for its resort amenities and access to Austin TX's premier outdoor lifestyle.

Agent Description

Great turn-key home in The Preserve at Lakeway featuring soaring ceilings and abundant natural light throughout! The thoughtfully designed floor plan lives much like a single-story with four bedrooms and a dedicated office on the main level, centered around an expansive open living, dining, and kitchen area that makes everyday living and entertaining feel effortless. The oversized primary bedroom offers large windows, a spacious walk-in closet, and a well-appointed bathroom with dual vanities, separate garden tub, and walk-in shower. All secondary bedrooms on the main floor are generously sized with excellent closet space. Upstairs, the home truly shines with a private suite that functions beautifully as a mother-in-law or guest retreat. Complete with its own bedroom, full bath, and a large secondary living area, this space provides flexibility for extended family, long-term guests, or a hangout area. One of the standout features of the home is the oversized three-car garage, including a third bay designed to comfortably accommodate a truck and a boat! A convenient swing-in driveway provides easy access, while the garage also offers substantial storage across nearly the full width of the space. Outside, the backyard creates the perfect setting for everyday family living or entertaining, framed by beautiful oak trees at the front of the property. Energy efficiency is another major advantage, with spray foam insulation in all exterior walls and the attic paired with owned solar panels, resulting in impressively low utility bills. Located in the Cardinal Hills area of Lakeway, the neighborhood sits adjacent to a large nature preserve with sweeping views of Lakeway and Austin. Residents enjoy easy access to retail and grocery shopping, nearby hike and bike trails, and a short drive into downtown Austin. Zoned to highly sought-after Lakeway Elementary, this community offers a welcoming environment with convenient access to everything the Lakeway area has to offer.

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 $233/sqft, this listing is priced 22% below the Lakeway median of $297/sqft.

Property Details

Listing data last updated: May 19, 2026

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