3 bed, 4 bath, 3,472 sqft on 0.31 acres in Lakeway. Lakeway, TX 78734. $1,435,000. Lake Travis ISD.
About This Home
In the heart of Old Lakeway, summer memories await at this waterfront residence offering a blend of MCM architectural sophistication and relaxed Lake Travis living. Set on a wooded .313-acre lot with captivating views from the peaceful cove to the main body of the lake, the approximately 3,472-square-foot home features 3 bedrooms, 4 full bathrooms, and a seamless connection between indoor and outdoor spaces. Originally transformed in 2011 through a collaboration between renowned architect Tim Cuppett, AIA, and Jenkins Custom Homes, every detail was thoughtfully designed to celebrate the surrounding landscape. Expansive windows fill the home with natural light while showcasing water views throughout the main living areas. The downstairs game room offers potential for a bunk room, while the open-concept kitchen features quartz countertops, custom cabinetry, a Thermador 48-inch range with a six-burner propane cooktop and double ovens, two dishwashers, and a spacious breakfast bar. A fireplace and adjoining sitting area create an inviting gathering space, while the living room bar makes entertaining effortless. The primary suite enjoys picturesque lake views, a private deck, and a spa-like bath. Two additional bedrooms each include dedicated bathrooms. Multiple patios and expansive decks embrace the lake lifestyle, leading to a private covered dock with a boat lift and entertaining area on the protected cove. Minutes from Lakeway's parks, golf, trails, dining, shopping, and served by Lake Travis ISD, the property also offers a low tax rate and no HOA. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. Some images are virtually staged for visualization and may not reflect the actual appearance or condition of the property.
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
- 1978
- Lot Size
- 0.31 acres
- Price / Sq Ft
- $413
- Garage
- 3 spaces
Listing information last updated October 8, 2026.
Listed by Moreland Properties
MLS# 2912033 • Active Under Contract
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bar
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Ceiling-Vaulted
- Quartz Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- Interior Steps
- Kitchen Island
- Multiple Living Areas
- Open Floorplan
- Recessed Lighting
- Walk-In Closet(s)
- Wet Bar
- Dishwasher
- Disposal
- Gas Cooktop
- Gas Range
- Microwave
- Gas Oven
- Double Oven
- Range
- Free-Standing Gas Range
- RNGHD
- Refrigerator
- Stainless Steel Appliance(s)
- Washer
- Dryer
- Wine Refrigerator
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 2
Exterior & Lot
- Balcony
- Boat Dock - Private
- Boat Lift
- Boat Slip
- Exterior Steps
- Frame
- Wood Siding
- Stone
- Near Golf Course
- Private
- Sloped Down
- Sprinkler - Partial
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Wrought Iron
- Slab
- Covered
- Deck
- Patio
- Rear Porch
- Wrap Around
- Roof
- Metal
- Lot Size
- 0.31 Acres
- Attached
- Door-Multi
- Driveway
- Garage Door Opener
- Garage Faces Front
- Garage Faces Side
- Garage Spaces
- 3
- Lake Front
- Waterfront
Financial
- Original List Price
- $1,475,000
- Price per Sq Ft
- $413
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- MUD
- Sewer
- Public Sewer
Transaction History
2 records on file
Every recorded listing, sale, and lease at 718 Bermuda ST, whoever represented it.
- Active Under ContractListed 2026Current price: $1,435,000Original list: $1,475,000MLS 2912033
- Listed · July 3, 2026$1,475,000
- Price changed · August 3, 2026$1,465,000
- Price changed · August 17, 2026$1,455,000
- Price changed · August 31, 2026$1,445,000
- Price changed · September 30, 2026$1,435,000
- ActiveListed 2026Current price: $5,250Original list: $5,250MLS 1494152
- Listed · July 7, 2026$5,250
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
Active Under Contract with current price, original ask, and market time.
- Current list
- $1,435,000
- Original list
- $1,475,000
- Price movement
- $40K reduction
- Listed / DOM
- Jul 3, 2026 · 97 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,638,798
- Assessment Year
- 2025
- Year Built
- 1978
- Parcel ID
- 000000144405
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+23.6% | — | $1,638,798 | — | — |
2024-8.4% | — | $1,325,553 | $1,081,500 | $679,253 |
2023+48.4% | — | $1,447,759 | $540,750 | $784,803 |
2022 | — | $975,855 | $386,250 | $1,061,509 |
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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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($287K)
Adjustable assumption - not a lending recommendation.
$1,435,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$1,435,000
Price per sqft
$413/sqft
Vs. Neighborhood guide reference price
+68.8%
$850K · Lakeway neighborhood guide · reference price
Days on market
97 days
Original to current
$40K reduction
$1.5M original
Active inventory context
148 listings
Price Position in Lakeway
Listed 69% above 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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