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4 bed, 3 bath, 2,901 sqft on 1.98 acres in Lakeway. Austin, TX 78734. Last listed at $10,000, sold April 29, 2026. Lake Travis ISD.
About This Home
Go To: 1302SparrowLane.com UPDATED JEWEL! Lakeway Texas, a rare opportunity in private and expansive recreational living!! Located close to all conveniences, yet private. Nestled on a near 2 acre parcel, with panoramic views!! Beautiful mature trees, fully landscaped over entire property. Architecture a warm contemporary ranch, with recent remodeling and updates, to include an incredible infinity edged Pool and Spa, with expansive views! Great open floor plan, with perfect window placement for natural light and views. Primary and one additional bedroom on main level, 2 additional with office on the second level. Second level providing an expansive viewing deck. Firepit, covered verandahs, an herb and or vegetable garden, several shaded large oak tree areas, giving outdoor recreation and relaxation for family and friends to enjoy. An extra special bonus, a 2400 sq/ft detached metal & steel building, providing many options. Allowing for Luxury Motorcoach/RV or Boat Storage. Ideal for a Car Collector, Hobby/wood work, Home Gym/Indoor Sport Court, Man-Cave, Personal Trainer, Dog Trainer, Media, Game, Entertainment/Music studio space. Area, Shopping, Dining, Lake Travis Parks and Marinas, Golf, Fitness and Sport courts, all nearby! Located within the Exemplary Lake Travis School District.
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 Lease
- Year Built
- 2015
- Lot Size
- 1.98 acres
- Price / Sq Ft
- $3
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated April 29, 2026.
Listed by Engel & Volkers Austin
MLS# 4113646 • 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
Interior
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Beamed Ceilings
- Ceiling-High
- Ceiling-Vaulted
- Quartz Counters
- Stone Counters
- Crown Molding
- Double Vanity
- High Speed Internet
- Kitchen Island
- Smart Home
- Smart Thermostat
- Walk-In Closet(s)
- Built-In Electric Oven
- Built-In Gas Range
- Built-In Refrigerator
- Dishwasher
- Gas Cooktop
- Microwave
- Electric Oven
- Wine Refrigerator
- Tile
- Wood
- Heating
- Central,Fireplace(s),Propane,Propane Stove
- Cooling
- Ceiling Fan(s),Central Air,Electric,Zoned
- Fireplaces
- 2
Exterior & Lot
- Balcony
- Garden
- Private Yard
- Hardi
- Plank Type
- Wood Siding
- Stone
- Stucco
- Bluff
- Cleared
- Front Yard
- Gentle Sloping
- Landscaped
- Native Plants
- Private
- Private Maintained Road
- Sprinklers In Rear
- Sprinklers In Front
- Sprinklers On Side
- Trees-Large (Over 40 Ft)
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Back Yard
- Wood
- Slab
- Covered
- Deck
- Patio
- Porch
- Rear Porch
- Roof
- Metal
- Lot Size
- 1.98 Acres
- Additional Parking
- Attached
- Boat
- Detached
- Driveway
- Garage
- Inside Entrance
- Kitchen Level
- Paved
- RV Access
- Parking
- RV Garage
- Garage Spaces
- 2
- Pool
- Yes
Financial
- Original List Price
- $14,000
- Price per Sq Ft
- $3
Utilities
- Above Ground
- Cable Connected
- Electricity Connected
- High Speed Internet
- Phone Available
- Propane
- Water Connected
- Water Source
- Private,Well,See Remarks
- Sewer
- Septic Tank,See Remarks
Transaction History
3 records on file
Every recorded listing, sale, and lease at 1302L Sparrow LN, whoever represented it.
- LeasedApril 29, 2026Asking rent: $14,000/moMLS 4113646
- LeasedApril 1, 2025Asking rent: $13,500/moMLS 3750496
- ExpiredListed 2024Current price: $13,000Original list: $15,000MLS 4075053
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
- $10,000
- Original list
- $14,000
- Price movement
- $4K reduction
- Listed / DOM
- Jan 29, 2026
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,624,910
- Assessment Year
- 2025
- Year Built
- 2015
- Parcel ID
- 000000132495
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+34.3% | — | $1,624,910 | — | — |
2024+1.1% | — | $1,210,000 | $990,000 | $762,389 |
2023+46.0% | — | $1,196,596 | $900,000 | $823,737 |
2022 | — | $819,500 | $375,000 | $821,596 |
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Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
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% ($2K)
Adjustable assumption - not a lending recommendation.
$10,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$10,000
Price per sqft
$3/sqft
Vs. Neighborhood guide reference price
-98.8%
$850K · Lakeway neighborhood guide · reference price
Days on market
Not available
Original to current
$4K reduction
$14K original
Active inventory context
148 listings
Price Position in Lakeway
Listed 99% below the Lakeway neighborhood guide reference price. Lakeway neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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Lakeway Neighborhood Guide
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78734 ZIP Guide
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Lake Travis ISD Schools
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