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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Verified property facts
501 Flamingo is listed for $750,000 and includes 3 bedrooms, 3 full baths, 2,963 square feet, 0.47 acres.
501 Flamingo is in the Lakeway area of Austin, Texas.
501 Flamingo is associated with Lake Travis ISD. School assignments should always be verified directly with the district before relying on them.
501 Flamingo is a Residential built in 2003 with 3 bedrooms, 3 full baths, 2,963 square feet, 0.47 acres.
501 Flamingo is listed at $750,000, -23.5% versus the available Lakeway median of $980,000, with a price-per-square-foot of $253.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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Listing timeline with current price, original ask, and market time.
Beautiful corner lot has great privacy and is close to golf course and Lakeway air strip. Open floorplan has great flow for everyday living and entertaining. Formal dining room and open sitting area or study flank front entry. Large main living area separates kitchen/breakfast areas from bedrooms. Private primary suite with sitting area overlooking back yard is accessed off the rear of the living area. Two secondary bedrooms and a shared bath are at the front of the house on the right side. Stairs to spacious game room is tucked away in hallway to secondary bedrooms. The third full bath is located off the game room, making this a great space for the occasional guest. Recent improvements include new wood flooring downstairs and carpet upstairs. All 3 full baths have new cabinetry, quartz countertops, tile shower and tub surrounds, sinks and plumbing fixtures. Both garage doors are new. Light fixtures and ceiling fans are new. Interior has fresh paint. Roofing materials recently checked and minor repairs were made. Miscellaneous exterior repairs and paint touch-up were also done. Property is an estate sale. Probate is completed and title has been opened and verified by Independence Title in Lakeway. Seller has found and will provide documentation for engineered septic, survey and disclosures pertaining to recent improvements. Property has not been occupied since just prior to owner's death. Call agent with questions or clarification.
Property Type
Residential
Year Built
2003
Lot Size
0.47 acres
$/Sq Ft
$253
Garage
4 spaces
Listed by Christie's Int'l Real Estate
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-14.8% | — | $811,319 | — | — |
2024+2.0% | — | $951,699 | $236,250 | $683,075 |
2023+39.0% | — | $933,068 | $236,250 | $715,449 |
2022 | — | $671,064 | $236,250 | $696,818 |
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. Ratings from GreatSchools.org.
20% ($150K)
$750,000
Luxury property intelligence
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$750,000
Price per sqft
$253/sqft
Vs. Lakeway median
-23.5%
$980K median
Days on market
311 days
Original to current
$100K reduction
$850K original
Active inventory context
142 listings
Price Position in Lakeway
Listed 23% below the Lakeway median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
Lakeway is one of Austin's established neighborhoods, zoned for Lake Travis ISD in the 78734 area. The Keenan Group has specialized in Lakeway real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
6 events on record
Current Price
$850,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-14.8% | — | $811,319 | — | — |
2024+2.0% | — | $951,699 | $236,250 | $683,075 |
2023+39.0% | — | $933,068 | $236,250 | $715,449 |
2022 | — | $671,064 | $236,250 | $696,818 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
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.
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