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4 bed, 2 bath, 2,456 sqft on 0.36 acres in Lakeway. Lakeway, TX 78734. Last listed at $849,000, sold August 27, 2026. Lake Travis ISD.
About This Home
Nestled in the heart of Old Lakeway, 201 Timpanagos sits on a picturesque .36-acre corner lot framed by mature trees and lush landscaping. This completely remodeled 4-bedroom, 2.5-bath residence seamlessly blends timeless character with elevated designer finishes. Inside, tall ceilings and a stunning Corbett Calligraphy chandelier create a memorable first impression. The thoughtfully designed floor plan features a desirable main-level primary suite and beautifully updated living spaces ideal for both everyday living and entertaining.
The chef-inspired kitchen is appointed with striking quartzite countertops, soft-close cabinetry and drawers, and sophisticated finishes that bring both beauty and functionality to the heart of the home. Extensive improvements include a new roof, updated HVAC system and ductwork, new siding, and a recently resurfaced pool.
Completing the property is a detached garage and an unbeatable location just moments from Yaupon Golf Course, Lake Travis, and top-rated Lake Travis ISD schools!
This 4-bedroom corner lot in Lakeway is built for the backyard life that defines living in Travis County. At 201 Timpanagos Drive, Lakeway 78734, you're getting 2,456 square feet of completely renovated space on a 0.36-acre lot, and the real story is what happens outside.
The backyard is the main event. A recently resurfaced pool anchors the entertaining space, with mature trees over 40 feet tall providing natural shade for afternoon gatherings. The lot's corner positioning and substantial landscaping create privacy while the multiple outdoor living areas - covered patio, rear porch, and front porch - give you options for every season and every mood. This is where the neighborhood kids show up on Saturday afternoons, where you fire up the grill on game days, where summer becomes something you remember all year.
Inside supports the outdoor lifestyle you came here for. The open floorplan moves naturally from the kitchen to those covered patios. Quartz countertops, stainless steel appliances, and double vanities mean the indoor spaces won't slow you down when you're hosting. The primary bedroom sits on the main level - no racing upstairs when guests are in the backyard. Vaulted ceilings and multiple living areas give the 1993-built home the feel of a recently designed residence.
Lakeway sits northwest of downtown Austin, placing you minutes from Yaupon Golf Course and Lake Travis itself. The Lake Travis ISD assignment brings you Lakeway Elementary, Hudson Bend Middle, and Lake Travis High School - all within the district that consistently ranks among the top in the Austin metro. The neighborhood is established, tree-heavy, and full of families who chose Lakeway specifically for the outdoor-living culture and school system.
The price point sits at $346 per square foot. You get a pool-ready lot, mature landscape, a completely updated main residence, and a location where your backyard becomes the gathering place for years of neighborhood memories. That's the Lakeway value proposition.
The numbers behind this insight
Lakeway market
- Homes sold
- 369
- Median sale price
- $850,000
- Median price per sq ft
- $287
- Median days on market
- 48
- Homes for sale now
- 131
- Months of supply
- 4.3
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
- 1993
- Lot Size
- 0.36 acres
- Price / Sq Ft
- $346
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated August 27, 2026.
Listed by Compass RE Texas, LLC
MLS# 6873773 • 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
- Ceiling Fan(s)
- Ceiling-High
- Ceiling-Vaulted
- Chandelier
- Quartz Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Multiple Dining Areas
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
- Built-In Oven(s)
- Cooktop
- Dishwasher
- Disposal
- Microwave
- Electric Oven
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Electric Water Heater
- Tile
- Wood
- Heating
- Central,Electric,Fireplace(s)
- Cooling
- Ceiling Fan(s),Central Air,Electric
- Fireplaces
- 1
Exterior & Lot
- Rain Gutters
- Lighting
- Private Yard
- Brick
- Wood Siding
- Corner Lot
- Front Yard
- Landscaped
- Native Plants
- Trees-Large (Over 40 Ft)
- Many Trees
- Back Yard
- Privacy
- Wood
- Slab
- Covered
- Front Porch
- Patio
- Rear Porch
- Roof
- Composition,Shingle
- Lot Size
- 0.36 Acres
- Detached
- Driveway
- Garage
- Garage Door Opener
- Garage Faces Side
- Garage Spaces
- 2
- Pool
- Yes
Financial
- Original List Price
- $849,000
- Price per Sq Ft
- $346
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- MUD
- Sewer
- MUD
Explore this area
Price & Listing History
Pending with current price, original ask, and market time.
- Current list
- $849,000
- Original list
- $849,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 11, 2026
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $706,328
- Assessment Year
- 2025
- Year Built
- 1993
- Parcel ID
- 000000137441
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-7.2% | — | $706,328 | — | — |
2024+2.3% | — | $761,336 | $220,000 | $469,091 |
2023+50.9% | — | $744,072 | $300,000 | $461,336 |
2022+19.6% | — | $492,965 | $300,000 | $444,072 |
2021 | — | $412,274 | $70,000 | $422,965 |
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.
Illustrative down payment
20% ($170K)
Adjustable assumption - not a lending recommendation.
Home price
$849,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$849,000
Price per sqft
$346/sqft
Vs. Neighborhood guide reference price
-0.1%
$850K · Lakeway neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$849K original
Active inventory context
131 listings
Price Position in Lakeway
Listed 0% below the Lakeway neighborhood guide reference price. Lakeway neighborhood guide · reference price.
Source: Public records and Keenan Group review as of Oct 16, 2026.
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Lakeway Neighborhood Guide
Lifestyle, schools, market context, and homes in Lakeway
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78734 ZIP Guide
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Lake Travis ISD Schools
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