3 bed, 2 bath, 2,039 sqft on 0.22 acres in Lakeway. Lakeway, TX 78734. $549,900. Lake Travis ISD.
About This Home
Experience easy lock-and-leave living in the heart of Lakeway with HOA maintained front & back yards! Nestled beneath mature trees, this beautifully updated home with no carpet offers 3 bedrooms, 2.5 baths, 2-car garage, private yard & sought-after main-level primary suite. Built in 2015, the open-concept floor plan is filled with natural light from abundant windows & features recessed lighting, designer accent walls, & stylish modern finishes.
The gourmet kitchen showcases white cabinetry, granite countertops, stainless steel appliances, large center island with breakfast bar & large walk-in pantry. The spacious living room opens to the covered patio through sliding glass doors, creating seamless indoor-outdoor living. Main-level primary suite offers an expansive tray ceiling, dual sink vanity, soaking tub, separate walk-in shower & walk-in closet. Upstairs features two additional bedrooms, full bath & versatile flex room ideal for an office or game room.
Updates: Enjoy waterproof Aruba Resort Collection 7-inch luxury vinyl plank flooring throughout, offering a real-wood look & new ceramic tile in both full baths & utility room installed May 2026.
Additional highlights include a covered front entry, utility room with cabinetry, extra storage nook by the garage, lush landscaping & spacious backyard.
Zoned to acclaimed Lake Travis ISD, Serene Hills Elem (9/10), Hudson Bend Middle (8/10) & Lake Travis High (8/10) Per Greatschools.org (Ratings subject to change.).
Walk to Cafe Lago, Lakeway Activity Center w/New Playground & Greenbelt or enjoy a front-row seat to Lakeway's annual 4th of July parade. Minutes from Lakeway Marina, Lake Travis, parks, trails, golf courses, H-E-B, Whole Foods, Hill Country Galleria & Baylor Scott & White.
Low 2025 tax rate of just 1.8467%. Investors- Leasing- Minimum 6 mo.
Buyer to independently verify all info including but not limited to taxes, sqft, restrictions, hoa dues, schools, etc. AI enhanced photos.
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
- 2015
- Lot Size
- 0.22 acres
- Price / Sq Ft
- $270
- HOA
- $350/mo
- Garage
- 2 spaces
Listing information last updated October 9, 2026.
Listed by The Leaders Realty, LLC
MLS# 5329880 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Granite Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Walk-In Closet(s)
- Dishwasher
- Electric Range
- Microwave
- Stainless Steel Appliance(s)
- Electric Water Heater
- Tile
- Vinyl
- Heating
- Central,Electric
- Cooling
- Ceiling Fan(s),Central Air,Electric
Exterior & Lot
- Private Yard
- Stone Veneer
- Back Yard
- Masonry
- Partial
- Slab
- Covered
- Patio
- Roof
- Composition,Shingle
- Lot Size
- 0.22 Acres
- Attached
- Door-Single
- Garage
- Garage Door Opener
- Garage Faces Side
- Garage Spaces
- 2
Financial
- HOA Fee
- $350 / mo
- Original List Price
- $579,900
- Price per Sq Ft
- $270
Utilities
- Electricity Connected
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- MUD
- Sewer
- MUD
Transaction History
1 record on file
Every recorded listing, sale, and lease at 207 Fairlake CIR, whoever represented it.
- ActiveListed 2026Current price: $549,900Original list: $579,900MLS 5329880
- Listed · July 1, 2026$579,900
- Price changed · July 31, 2026$569,900
- Price changed · August 14, 2026$565,000
- Price changed · August 27, 2026$549,900
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
Price Change with current price, original ask, and market time.
- Current list
- $549,900
- Original list
- $579,900
- Price movement
- $30K reduction
- Listed / DOM
- Jul 1, 2026 · 106 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $526,516
- Assessment Year
- 2025
- Year Built
- 2015
- Parcel ID
- 000000832714
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+7.0% | — | $526,516 | — | — |
2024+7.1% | — | $492,205 | $57,630 | $482,295 |
2023+7.7% | — | $459,513 | $57,630 | $434,575 |
2022+13.9% | — | $426,824 | $57,630 | $401,883 |
2021 | — | $374,600 | $57,630 | $369,194 |
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Zoned Schools
Lake Travis
Hudson Bend
Serene Hills
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 2026-10-15T11:07:08.257+00:00; normalized from monthly dues.
20% ($110K)
Adjustable assumption - not a lending recommendation.
$549,900
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$549,900
Price per sqft
$270/sqft
Vs. Neighborhood guide reference price
-35.3%
$850K · Lakeway neighborhood guide · reference price
Days on market
106 days
Original to current
$30K reduction
$579.9K original
Active inventory context
148 listings
Price Position in Lakeway
Listed 35% below 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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Lakeway Neighborhood Guide
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