3 bed, 3 bath, 2,324 sqft on 0.06 acres in Lakeway. Lakeway, TX 78734. $1,600,000. Lake Travis ISD.
About This Home
Experience elevated Lake Travis living at 118 Marina Village Cove, a stunning modern lakefront condo where sophisticated design meets effortless resort-style convenience. This beautifully appointed 3 bedroom, 3 bath, 2,324 sq ft residence captures breathtaking lake views from nearly every angle, creating a serene backdrop for everyday living and unforgettable entertaining.
Step inside to discover bright, open spaces framed by expansive windows, wide-plank white oak floors, and designer finishes throughout. The chef-inspired kitchen is a showpiece featuring an oversized island, sleek custom cabinetry, premium Thermador appliances, and seamless flow into the dining and living areas — all positioned to maximize the incredible waterfront views.
The inviting living room features a striking fireplace and opens to a private balcony overlooking Lake Travis, the perfect setting for morning coffee, sunset cocktails, or simply relaxing above the water. The luxurious primary suite feels like a private retreat with panoramic lake views and a spa-like bath featuring a huge freestanding soaking tub, oversized walk-in shower, dual vanities, and refined modern finishes.
Designed for convenience and flexibility, this residence is perfect as a full-time home, weekend escape, or lock-and-leave lake retreat. Even better, the property is STR approved, creating an exceptional opportunity for those seeking short-term rental flexibility.
Enjoy access to the incredible amenities of Lakeway Resort and Spa, including resort pool privileges, amenities access, room service availability, 20% off food and beverage, and preferred room rates for guests.
Luxury finishes, unmatched views, resort amenities, and a coveted Lake Travis lifestyle — this is waterfront living at its finest.
Wake up to the sound of water lapping against the dock at 118 Marina Village CV Unit 118 in Lakeway, a three-bedroom waterfront condo where the boundary between indoor and outdoor living dissolves entirely. At 2,324 square feet on 0.06 acres, this 2008-built residence commands Lake Travis from nearly every room, with floor-to-ceiling windows framing water views that shift from silver at dawn to gold at dusk.
The wide-plank wood flooring flows from the entry through an open-concept living and dining area, anchored by a kitchen island and breakfast bar that face directly toward the water. Built-in gas appliances including a range, oven, and refrigerator sit beneath custom cabinetry and quartz counters, arranged so you prepare meals while watching boats pass on Lake Travis. The living room opens to a covered rear porch and private balcony, where the breeze carries the scent of water and the gentle sound of small waves becomes your everyday soundtrack.
The primary bedroom occupies the main level, positioned to maximize those lake views while a spa-quality soaking tub and walk-in shower in the adjoining bathroom transform morning and evening routines into moments of genuine retreat. Two additional bedrooms and two full baths accommodate family and guests, while built-in bookcases and custom features throughout speak to intentional design rather than generic finishes.
This is Lakeway, a gated community within the Lakeway Resort and Spa ecosystem in the 78734 zip code. Your children would attend Lakeway Elementary, Hudson Bend Middle, and Lake Travis High School within Lake Travis ISD, a district with strong academic standing and direct access to waterfront recreation. The property includes a private pool and two-car garage, plus resort privileges that extend to pool access, dining discounts, and guest room rates at the adjacent hotel.
At $1.60M, or $688 per square foot, this is waterfront living without the isolation. You're minutes from Texas Hill Country shopping and dining while anchored to the water that defines your daily rhythm. The private dock, calm cove location, and immediate Lake Travis access mean kayak and boat time require walking steps, not driving minutes.
The numbers behind this insight
- Offered at
- $1,600,000
- Listed
- June 8, 2026
- Asking price per sq ft
- $688
Lakeway market
- Homes sold
- 357
- Median sale price
- $850,000
- Median price per sq ft
- $287
- Median days on market
- 66
- Homes for sale now
- 148
- Months of supply
- 5.0
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
- 2008
- Lot Size
- 0.06 acres
- Price / Sq Ft
- $688
- HOA
- $2,259/quarter
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated June 9, 2026.
Listed by LAND&
MLS# 1982630 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bookcases
- Breakfast Bar
- Built-in Features
- Quartz Counters
- Kitchen Island
- Pantry
- Primary Bedroom on Main
- Soaking Tub
- Built-In Gas Oven
- Built-In Gas Range
- Built-In Refrigerator
- ENERGY STAR Qualified Refrigerator
- Microwave
- RNGHD
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Slab
- Covered
- Rear Porch
- Roof
- Metal
- Lot Size
- 0.06 Acres
- Assigned
- Covered
- Private
- Reserved
- Garage Spaces
- 2
- Pool
- Yes
- Lake Front
Financial
- HOA Fee
- $2,259 / quarter
- Original List Price
- $1,600,000
- Price per Sq Ft
- $688
Utilities
- Cable Available
- Electricity Connected
- High Speed Internet
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source
- MUD
- Sewer
- MUD
Transaction History
1 record on file
Every recorded listing, sale, and lease at 118 Marina Village CV Unit #118, whoever represented it.
- ActiveListed 2026Current price: $1,600,000Original list: $1,600,000MLS 1982630
- Listed · June 8, 2026$1,600,000
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
Listed with current price, original ask, and market time.
- Current list
- $1,600,000
- Original list
- $1,600,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 8, 2026 · 129 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,106,461
- Assessment Year
- 2025
- Year Built
- 2008
- Parcel ID
- 000000759399
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-24.4% | — | $1,106,461 | — | — |
2024+33.5% | — | $1,462,646 | $196,100 | $1,073,019 |
2023+28.1% | — | $1,095,714 | $196,100 | $1,266,546 |
2022+35.5% | — | $855,566 | $196,100 | $899,614 |
2021 | — | $631,191 | $196,100 | $659,466 |
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T10:57:08.148+00:00; normalized from quarterly dues.
20% ($320K)
Adjustable assumption - not a lending recommendation.
$1,600,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$1,600,000
Price per sqft
$688/sqft
Vs. Neighborhood guide reference price
+88.2%
$850K · Lakeway neighborhood guide · reference price
Days on market
129 days
Original to current
No verified reduction
$1.6M original
Active inventory context
148 listings
Price Position in Lakeway
Listed 88% above the Lakeway neighborhood guide reference price. Lakeway neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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