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3 bed, 3 bath, 2,151 sqft on 0.39 acres in Lakeway. Lakeway, TX 78734. Last listed at $774,900, sold January 23, 2026. Lake Travis ISD.
About This Home
Located on a large, scenic corner lot in the heart of Lakeway and within highly acclaimed Lake Travis ISD, this beautifully renovated single-story ranch blends timeless character with modern updates. Encompassing 2,151 square feet, the home offers 3 bedrooms, 3 full bathrooms, and a spacious upstairs bonus room ideal as a fourth bedroom, game room, office, or flex space. The thoughtfully designed floor plan lives primarily on one level with the added versatility of the upstairs retreat.
Set beneath a canopy of mature trees, the exterior features classic Hill Country limestone patios, a clay tile roof, and a side-entry garage, providing strong curb appeal and privacy. The expansive corner lot allows ample room for outdoor living, entertaining, or future enhancements in a serene, established neighborhood.
Inside, extensive renovations deliver both style and peace of mind. The designer-inspired kitchen anchors the home with abundant cabinetry with self closing drawers and doors, new stainless steel appliances, quartzite countertops, curated tile backsplash, and refined lighting. The living room is warm and inviting with an updated fireplace, while the dining room features elegant board-and-batten detailing, ideal for everyday living and entertaining.
White oak hardwood flooring and designer tile span the main level, with new carpet upstairs. Additional upgrades include solid-core interior doors, fresh interior and exterior paint, updated plumbing and electrical, new switches and outlets, LED recessed lighting, serviced mechanical systems, recent roof repairs, and custom closets. With its flexible layout, extensive updates, and prime location near Lake Travis, dining, shopping, and recreation, this home offers refined Hill Country living within one of the area’s most desirable school districts.
Lakeway is the only city in the Austin metro where you can step off an 18th green, drive three minutes to a full-service marina, and be on the water before your golf shoes are off. That combination of golf and lake access within a single small city defines the lifestyle and explains why the community has attracted a specific kind of buyer for more than 50 years - people who want resort-quality recreation woven into daily routine rather than saved for vacation.
Lakeway sits on the south shore of Lake Travis, about 20 miles west of downtown along Highway 71 and Ranch Road 620. The drive downtown takes 25 to 35 minutes depending on traffic at the 620/2222 interchange. The 620 corridor runs through the commercial district with H-E-B, medical offices, and growing restaurant and retail options. Bee Cave and Hill Country Galleria sit just south on 71, adding another tier of shopping within 10 minutes. The marina community gives waterfront access ranging from personal watercraft to full-size wakeboarding boats.
Hill Country Contemporary homes make up about 30% of inventory, featuring limestone, metal roofing, and expansive glass. Mediterranean designs account for 25%, popular in gated and golf course sections. Traditional Ranch homes represent 20%, concentrated in older sections near the original resort. The rest splits between Modern Farmhouse and custom contemporary on ridgeline lots. Lot sizes range from 8,000 square feet in townhome sections to full-acre spreads in Rough Hollow. Pricing starts in the low $500s for older condos, runs through $700,000 to $1.2 million for standard single-family, and reaches $3 million for waterfront or golf-front custom properties.
Lake Travis ISD serves Lakeway and consistently draws families relocating from central Austin. Lakeway Elementary and Serene Hills Elementary feed into Hudson Bend Middle School and Lake Travis High School. Lake Travis High competes at 6A across Texas athletics with a strong football tradition alongside solid academics and fine arts. District facilities are newer than most Austin ISD campuses, and per-student spending is competitive with Eanes ISD at a lower tax rate.
The daily rhythm follows the lake and golf courses. Morning fog on Lake Travis burns off by 9 AM, and early risers are already on the water - kayaking coves, fishing bluffs, or running ski boats before afternoon wind. Lakeway Resort and Spa offers pool and fitness facilities, and Flintrock Falls Golf Club provides a Hill Country course. The Canyonlands trail system and Mount Lakeway trail offer hill hiking with lake views. Hamilton Greenbelt provides a shaded creek walk. For dining, The Grove Wine Bar anchors the upscale casual tier. SP Brazilian Steakhouse brings the full churrasco experience. Canyon Grille does American fare in a golf course setting. The Gramercy adds a polished New American option. MorninGlory handles breakfast with the consistency that turns a restaurant into a weekend ritual.
Lakeway is more developed than Jonestown and Lago Vista to the north, which offer lower prices but less infrastructure. It is less expensive than waterfront estates in Point Venture. And it provides a more recreational lifestyle than Bee Cave, which has better highway access but less lake connection. The main consideration is the 620 corridor, which can slow to a crawl during peak hours.
Lakeway works for buyers who want lake and golf access as a daily reality. It fits retirees with flexibility to enjoy the water on quiet weekday mornings. It suits families who value Lake Travis ISD and want kids growing up on the water. It works for remote workers who can schedule around the commute. If you need to be downtown every day by 8, the commute will wear on you. But if your priorities are outdoor recreation, strong schools, and a pace a few beats slower than central Austin, Lakeway makes a compelling case.
School District: Lake Travis ISD
View Lakeway neighborhood guide- Property Type
- Residential
- Year Built
- 1986
- Lot Size
- 0.39 acres
- Price / Sq Ft
- $360
Listing information last updated January 12, 2026.
Listed by Compass RE Texas, LLC
MLS# 8739808 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 0.39 Acres
Financial
- Original List Price
- $774,900
- Price per Sq Ft
- $360
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1006 Palos Verdes Dr, whoever represented it.
- SoldJanuary 23, 2026MLS 8739808
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $774,900
- Original list
- $774,900
- Price movement
- No verified reduction
- Listed / DOM
- Jan 5, 2026
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $572,080
- Assessment Year
- 2025
- Year Built
- 1986
- Parcel ID
- 000000137548
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-20.4% | — | $572,080 | — | — |
2024+4.0% | — | $718,243 | $220,000 | $365,176 |
2023+64.0% | — | $690,575 | $300,000 | $418,243 |
2022+12.1% | — | $421,073 | $300,000 | $390,575 |
2021 | — | $375,536 | $70,000 | $351,073 |
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Zoned Schools
Lake Travis
Hudson Bend
Lakeway
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($155K)
Adjustable assumption - not a lending recommendation.
$774,900
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Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$774,900
Price per sqft
$360/sqft
Vs. Neighborhood guide reference price
-8.8%
$850K · Lakeway neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$774.9K original
Active inventory context
148 listings
Price Position in Lakeway
Listed 9% below the Lakeway neighborhood guide reference price. Lakeway neighborhood guide · reference price.
Source: Public records and Keenan Group review as of Mar 26, 2026.
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Lakeway Neighborhood Guide
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78734 ZIP Guide
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