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7879 Lakewood DR
Austin, TX, 78750
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What a beauty! From spectacular curb appeal with a circular drive and majestic oak, to a gorgeous private backyard setting complete with separate guest house, this magical gem beckons you home immediately. You'll love this one from the moment you step through the front door all the way through to the backyard entertainment space. Enjoy the lush view of the greenbelt + the privacy of no neighbors behind you for peaceful mornings + tranquil evenings on your large back deck. Living room has updated floor to ceiling windows bringing in an abundance of natural light. Don’t miss out on the fun as you whip up culinary delights in the large kitchen - it’s open to the living room. Loads of storage and countertops along with a center island make this a great space for the pickiest of chefs. In addition to the breakfast space in kitchen, there’s a gorgeous dining room at the front of the home. The main level also boasts a spacious primary bedroom w en-suite bath + generous walk-in closet PLUS a second bedroom and full bath. Up the stunning staircase are two more bedrooms, Jack and Jill bathroom with each side having its own vanity. Have the need for versatility? Simply gorgeous separate guest house w full bath just outside your back door. Whether you are hosting guests for an extended period of time or need room for a home gym, office or second living room, this sunny spot delivers. Built in 2016, there is also a small separate sleeping/reading area, built in cabinets and small refrigerator for the ultimate space to hang out. This premier close-in neighborhood makes for a speedy trip to many of Austin’s most frequented locales for shopping + dining + more: Arboretum, Domain, Lake Travis + downtown. Jester Club (optional) is $603 annually - playscape, swimming, basketball, tennis + pickleball. Independently verify all information including but not limited to square footage, lot size, year built, zoning, building restrictions, taxes, schools, etc.
Property Type
Residential
Year Built
1989
Lot Size
1.02 acres
$/Sq Ft
$357
HOA
$120/mo
Garage
6 spaces
Listed by Coldwell Banker Realty
Verified property facts
7879 Lakewood DR is listed at $1,175,000 with 4 bedrooms, 4 full bathrooms, 3,294 square feet, 1.02-acre lot. This places it above the 78750 median of $730,000.
7879 Lakewood DR is zoned for Austin ISD with assigned schools: Hill (8/10) (elementary), Murchison (7/10) (middle), Anderson (7/10) (high). School assignments should be verified directly with the district.
7879 Lakewood DR is in Lake Austin, Austin, Texas. See the full [Lake Austin neighborhood guide](/neighborhoods/lake-austin) for market data, schools, and lifestyle details.
7879 Lakewood DR is a Residential built in 1989 featuring 4 bedrooms, 4 full bathrooms, 3,294 square feet, 1.02-acre lot.
7879 Lakewood DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.5% | — | $1,027,429 | — | — |
2024-2.1% | — | $1,135,107 | $460,000 | $617,148 |
2023+62.5% | — | $1,159,427 | $460,000 | $675,107 |
2022 | — | $713,700 | $460,000 | $699,427 |
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% ($235K)
$1,175,000
Luxury property intelligence
A sourced read on Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$1,175,000
Price per sqft
$357/sqft
Vs. Lake Austin median
-78.2%
$5.4M median
Days on market
864 days
Original to current
No verified reduction
$1.2M original
Active inventory context
3 listings
Price Position in Lake Austin
Listed 78% below the Lake Austin median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Lake Austin
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#1 ABOR Team 2024 with $1B+ career sales volume
7879 Lakewood DR is priced at $357 per square foot across 3,294 sqft. The Lake Austin median list price is $5,400,000.
The most recent annual property tax for 7879 Lakewood DR is $13,064. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($235,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7879 Lakewood DR is around $7,185 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,175,000, 7879 Lakewood DR is in the Lake Austin market where there are currently 55 active listings in 78750. The Keenan Group has completed 21 transactions in 78750 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Lake Austin guide](/neighborhoods/lake-austin).
7879 Lakewood DR was built in 1989 (37 years ago). Buyers should budget for potential updates to major systems.
7879 Lakewood DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
7879 Lakewood DR is part of a managed community with HOA dues of $120 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Lake Austin is one of Austin's established neighborhoods, zoned for Austin ISD in the 78750 area. The Keenan Group has specialized in Lake Austin 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
No Nearby Transit
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.
7 events on record
Current Price
$1,175,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.5% | — | $1,027,429 | — | — |
2024-2.1% | — | $1,135,107 | $460,000 | $617,148 |
2023+62.5% | — | $1,159,427 | $460,000 | $675,107 |
2022 | — | $713,700 | $460,000 | $699,427 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Neighborhood guide and local insights
Lake Austin is Austin's most exclusive waterfront corridor - 22 miles of constant-level shoreline in 78732, 15 minutes from downtown. Waterfront homes start around $4M and trophy lots with 200+ feet of flat shoreline trade at $15M-$35M+. The lake is controlled by Tom Miller Dam, which maintains consistent water levels year-round - the key advantage over seasonal Lake Travis. This is one of Austin's thinnest markets. Roughly 22 miles of total shoreline, and at any given time only 3-5 homes are actively listed. Many of the best lots trade privately through agent relationships before they ever reach the MLS. The finite supply creates a structural price floor that insulates Lake Austin from broader market cycles. Buyers here want water access as daily life, not a weekend plan. Morning paddleboard, afternoon ski run, burgers at Ski Shores by boat, sunset from your own dock watching Hill Country ridgelines. The practical side matters too: you are inside Austin city limits with full services, 15 minutes from downtown, 10 from the Domain. Four Seasons Private Residences is under development on 145 acres with 188 planned homes - the first significant new inventory since the lake was established. Eanes ISD and Leander ISD serve different sections of the corridor, both with strong school ratings.
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