1004 Linscomb Dr, Austin, TX 78734

Set along a quiet private drive, this 1.15-acre property offers a rare opportunity to secure elevated Lake Travis waterfront in one of Lakeway’s most desirable pockets. With over 100 feet of shoreline and sweeping views across the cove, the setting delivers both privacy and long-term upside. Positioned above the waterline, the homesite provides a significant advantage for future construction. The elevation allows for new development without the need for stilts, creating a more efficient and flexible build process compared to many neighboring waterfront properties. The existing improvements include multiple structures, a grandfathered lakeside pavilion with indoor studio and half bath, and a two-slip boat dock with party deck. Mature trees, established stonework, and terraced paths lead down to the water, giving the property a sense of character and scale that is increasingly difficult to replicate. While the current home and structures offer potential for renovation, the highest and best use is likely redevelopment. This property reflects the growing emphasis on premier waterfront land, offering a generous footprint, usable topography, and exceptional positioning on the lake. Whether envisioned as a custom estate or a long-term investment, this is a standout opportunity to create something truly special on Lake Travis.

The private drive leading to 1004 Linscomb Dr in Lakeway reveals a rare waterfront sanctuary where 1.146 acres of elevated Lake Travis frontage sits insulated from the everyday world. This 3,947 square foot home in the Austin subdivision commands over 100 feet of direct shoreline with sweeping cove views, the kind of perspective that transforms a property from residential to generational.

What sets this Lake Travis parcel apart is its topography. Unlike many waterfront properties in the area that require stilts or significant foundation engineering, the elevation here allows for building without those constraints. The land slopes naturally toward the water, creating multiple usable terraces already established with mature trees and stonework pathways that guide you down through the property's layers. The existing structures tell the story of a home designed for water life: a grandfathered lakeside pavilion with indoor studio and half bath, a two-slip boat dock with party deck, and the main residence with primary bedroom on the main level, beamed ceilings, and multiple living areas positioned to capture those views.

The current home, built in 1975, sits at $252 per square foot - a price that reflects the land's genuine value more than the structures themselves. The frame construction with carpet, tile, and vinyl flooring can be updated, but what cannot be replaced is the shoreline, the elevation, the mature landscape, and the privacy afforded by this quiet private drive within Lakeway.

Located in Lake Travis ISD, the property serves Hudson Bend Middle and Lake Travis High School, anchoring the area's educational backbone. The Lakeway lifestyle means boat access to the main lake body, proximity to Lakeway Boulevard's shopping and dining, and the kind of commute that varies - downtown Austin runs roughly 25-30 minutes depending on your route.

The highest use here is redevelopment into a custom estate that maximizes the site's advantages. Whether you're drawn to waterfront living as it exists today or see the potential to build something entirely new, 1004 Linscomb Dr represents a disappearing category of Lake Travis opportunity where privacy, water access, and development flexibility converge.