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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
*Country living on 2.52 acres in town* Main House of 2,757 SF + Separate Guest House of approx. 1,000 SF * Multi-General Housing * STR- Short-Term Rental *Chicken Coops * Garden * Putting Green *Community Lake Access *Low Tax Rate of 1.7% *Not in City Limits *Only 1.7 Miles from Whole Foods. Horses allowed.
Welcome to this extraordinary multi-structure estate offering the perfect blend of country living and modern comfort. Nestled among mature oak trees and lush green pastures, this remarkable property features a spacious main residence, a beautifully appointed guest house, and a wealth of outdoor amenities — all set on beautifully landscaped acreage with sweeping open views.
The main home boasts an inviting layout with rich hardwood floors, a cozy brick fireplace, and an abundance of natural light throughout. The updated kitchen showcases white cabinetry, stainless steel appliances, and generous counter space. The main house offers 4 bedrooms and 2.5 bathrooms.
The red barn guest house offers approx. 1,000 additional SF and is a destination in itself — featuring soaring vaulted ceilings, 1 private bedroom, 2 full bathrooms, a full kitchen, dining area, utility room, and and an upstairs loft. Whether used for extended family, visiting guests, or rental income, this space offers truly exceptional flexibility and style.
Outdoors, this property is an entertainer's and hobbyist's dream. Sharpen your short game on the private putting green, gather around the fire pit under a canopy of mature shade trees, tend to established gardens, and enjoy the charm of your very own chicken coop. Covered storage areas and wide open spaces round out this one-of-a-kind country retreat.
Property Type
Residential
Year Built
1998
Lot Size
2.52 acres
$/Sq Ft
$462
HOA
$120/mo
Garage
6 spaces
Listed by Teamly Realty
Verified property facts
121 Lakewood TRL is listed at $1,275,000 with 4 bedrooms, 2 full, 1 half bathrooms, 2,757 square feet, 2.52-acre lot. This places it above the 78641 median of $675,000.
121 Lakewood TRL is zoned for Leander ISD with assigned schools: Block House (elementary), Knox Wiley (middle), Rouse (high). School assignments should be verified directly with the district.
121 Lakewood TRL is a Residential built in 1998 featuring 4 bedrooms, 2 full, 1 half bathrooms, 2,757 square feet, 2.52-acre lot.
121 Lakewood TRL is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 121 Lakewood TRL is $13,038. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026 | — | $841,284 | $651,188 | $279,749 |
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.
20% ($255K)
$1,275,000
Luxury property intelligence
A sourced read on LAKEWOOD COUNTRY ESTATES pricing, timing, and property scale. No automated valuation claim.
List price
$1,275,000
Price per sqft
$462/sqft
Vs. LAKEWOOD COUNTRY ESTATES median
Not available
Days on market
2 days
Original to current
No verified reduction
$1.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($255,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 121 Lakewood TRL is around $7,702 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,275,000, 121 Lakewood TRL is in the LAKEWOOD COUNTRY ESTATES market where there are currently 622 active listings in 78641. The Keenan Group has completed 6 transactions in 78641 as part of 1,000+ career sales totaling $1B+ across Austin.
121 Lakewood TRL includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
121 Lakewood TRL is part of a managed community with HOA dues of $120 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
2 events on record
Current Price
$1,275,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026 | — | $841,284 | $651,188 | $279,749 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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