201 Crescent BLF, Lakeway, TX 78734

The Modern Treehouse — Lakeway with Lake Travis Views

Nestled among towering oaks in the heart of Lakeway, this completely reimagined contemporary gem offers peekaboo views of Lake Travis from the living room a breathtaking backdrop you'll never tire of. Soaring perimeter windows flood the open-concept main level with natural light, while a generous balcony sets the scene for effortless entertaining and al fresco dining with the lake as your backdrop. The chef's kitchen impresses with waterfall-edge quartz countertops, induction cooktop, GE Café stainless appliances, and built-in refrigerator. A smooth concrete fireplace anchors the living room, flanked by a wet bar and wine fridge. White oak floors run throughout. The spa-inspired primary suite features a soaking tub encased in glass with a rainfall shower. Downstairs offers two bedrooms, two full baths, and a flex space now appointed with striking iron doors perfect as a private office or second living area. Recent upgrades include an updated HVAC replaced in 2023, upgraded electrical panel, new roof and full remodel in 2021, and epoxy-coated garage floors. HOA covers lawn maintenance and irrigation, plus access to a private pool and tennis courts. Lakeway City Park and Cross Water Marina just minutes away. Turnkey, move-in ready, and altogether extraordinary and perfect for Lakeway resort style living.

The moment you step onto the balcony at 201 Crescent Boulevard in Lakeway, Lake Travis stretches before you, its water catching the light in ways that shift throughout the day. This four-bedroom home sits on a corner lot in Cedar Glen Section 01, positioned where the afternoon breeze carries the scent of the water and the gentle sound of waves reaching the landscaped yard. At 2,860 square feet priced at $292 per square foot, this 1982 masonry residence delivers waterfront living without the waterfront price.

The open floor plan pulls you through soaring perimeter windows that frame Lake Travis views from the main living spaces. White oak flooring flows across the living area, where a concrete fireplace anchors the room adjacent to a wet bar and wine refrigerator. The kitchen sits ready for serious cooking, with waterfall-edge quartz countertops, an induction cooktop, stainless steel GE Caf appliances, and a built-in refrigerator that handles the details. A granite island with breakfast bar creates the natural gathering point.

Water defines the experience here. The primary suite wraps around a spa-inspired soaking tub enclosed in glass, paired with a rainfall shower. The second-floor layout gives you that elevated perspective toward Lake Travis, while the open balcony becomes the real living space on warm evenings. The covered deck and front porch extend that fluid connection between interior and landscape, between the controlled environment and the water beyond.

Downstairs, two additional bedrooms and two full baths provide flexibility for guests or a home office setup. The flex space with striking iron doors works as a second living area or private workspace. Recent upgrades matter here: a 2023 HVAC replacement, upgraded electrical panel, new roof and full remodel in 2021, and epoxy-coated garage floors mean immediate move-in readiness.

Lakeway itself positions you within the Lake Travis ISD, feeding to Serene Hills Elementary, Hudson Bend Middle, and Lake Travis High School. The neighborhood sits minutes from Lakeway City Park and Cross Water Marina, with direct access to the water culture that defines this part of Travis County. The HOA covers lawn maintenance, irrigation, and access to private pool and tennis facilities, removing the friction from waterfront living. Your commute to downtown Austin runs approximately 25-30 minutes via US 620 and MoPac, reasonable for the lifestyle gain. This is lakeside living that actually works for daily life.

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.