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4 bed, 4 bath, 3,524 sqft on 0.38 acres in Lakeway. Austin, TX 78734. Last listed at $1,725,000, sold September 12, 2025. Lake Travis ISD.
About This Home
As you pass through the modern iron double doors of 821 Malabar Street, time seems to slow. Warm evening light spills across the wide-plank deck and dances on the surface of the glistening pool, while panoramic views of Lake Travis stretch endlessly beyond. This reimagined 1975 Mid-Century Modern home, tucked at the end of a quiet cul-de-sac in Lakeway, is a masterclass in architectural harmony—where clean lines, native stone, and glass converge to create an effortlessly elegant single-story retreat. Inside, soaring 20-foot vaulted ceilings and walls of glass erase the boundary between indoors and out, flooding the open living spaces with golden light and framing unforgettable sunsets. A grand stone fireplace adds timeless character, while the open-concept layout connects the dining area and living room with seamless flow. The kitchen is both refined and functional, with sleek black countertops, light wood cabinetry, brass fixtures, and garden views that shift beautifully with the seasons. Four serene bedrooms and a dedicated office offer a quiet rhythm to daily life, with spa-inspired bathrooms and minimalist design that soothes the senses. In the primary suite, wake to modern views and step directly out to the poolside deck for morning coffee under the oaks. Outdoors, the private pool, spa, and entertaining terrace offer a front-row seat to Texas skies, perfect for gatherings or peaceful solitude. Recent upgrades include whole-home plumbing, new HVAC, designer lighting, tankless water heaters, new bathrooms, flooring, paint, and a durable TPO roof just to name a few. Minutes from marinas, golf, trails, and top-rated Lake Travis ISD schools, this home is as livable as it is beautiful. Whether you’re seeking quiet luxury, modern elegance, or a seamless connection to nature—821 Malabar delivers it all. This is more than a property. It’s where your forever view begins.
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
- 1976
- Lot Size
- 0.38 acres
- Price / Sq Ft
- $490
- Pool
- Yes
Listing information last updated September 15, 2025.
Listed by eXp Realty, LLC
MLS# 7887747 • 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
- Ceiling Fan(s)
- Beamed Ceilings
- High Ceilings
- Vaulted Ceiling(s)
- Chandelier
- Granite Counters
- Double Vanity
- Entrance Foyer
- High Speed Internet
- In-Law Floorplan
- Interior Steps
- Kitchen Island
- Low Flow Plumbing Fixtures
- Natural Woodwork
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Smart Thermostat
- Soaking Tub
- Sound System
- Storage
- Walk-In Closet(s)
- Wired for Data
- Wired for Sound
- Built-In Electric Oven
- Built-In Oven(s)
- Dishwasher
- Disposal
- Down Draft
- Electric Cooktop
- ENERGY STAR Qualified Appliances
- Exhaust Fan
- Ice Maker
- Double Oven
- Plumbed For Ice Maker
- Free-Standing Refrigerator
- Self Cleaning Oven
- Stainless Steel Appliance(s)
- Vented Exhaust Fan
- Washer
- Dryer
- Tankless Water Heater
- Water Softener Owned
- Carpet
- Tile
- Heating
- Ceiling,Central,Electric,Exhaust Fan,Fireplace(s),Forced Air,Humidity Control,Zoned
- Cooling
- Ceiling Fan(s),Central Air,Electric,ENERGY STAR Qualified Equipment,Exhaust Fan,Multi Units,Zoned
- Fireplaces
- 2
Exterior & Lot
- Gutters Full
- Lighting
- Private Yard
- Concrete
- Frame
- Glass
- Hardi
- Plank Type
- ICAT Recessed Lighting
- Masonite
- Stone Veneer
- Back Yard
- Cul-De-Sac
- Front Yard
- Gentle Sloping
- Interior Lot
- Irregular Lot
- Landscaped
- Native Plants
- Near Golf Course
- Private
- Public Maintained Road
- Sprinkler - Automatic
- Trees-Large (Over 40 Ft)
- Many Trees
- Views
- Back Yard
- Fenced
- Perimeter
- Wrought Iron
- Slab
- Covered
- Deck
- Front Porch
- Rear Porch
- Side Porch
- Wrap Around
- Roof
- Membrane,Synthetic
- Lot Size
- 0.38 Acres
- Aggregate
- Attached Carport
- Driveway
- Pool
- Yes
Financial
- Original List Price
- $1,935,000
- Price per Sq Ft
- $490
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Not Available
- Phone Available
- Propane
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- MUD
- Sewer
- Engineered Septic
Transaction History
1 record on file
Every recorded listing, sale, and lease at 821 Malabar ST, whoever represented it.
- SoldSeptember 12, 2025Listed at: $1,935,000MLS 7887747
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
Listing timeline with current price, original ask, and market time.
- Current list
- $1,725,000
- Original list
- $1,935,000
- Price movement
- $210K reduction
- Listed / DOM
- Jun 20, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,663,424
- Assessment Year
- 2025
- Year Built
- 1976
- Parcel ID
- 000000140638
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+12.3% | — | $1,663,424 | — | — |
2024-13.9% | — | $1,481,481 | $337,500 | $1,374,903 |
2023+176.7% | — | $1,720,458 | $337,500 | $1,405,803 |
2022 | — | $621,666 | $337,500 | $1,382,958 |
Virtual Tour
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% ($345K)
Adjustable assumption - not a lending recommendation.
$1,725,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$1,725,000
Price per sqft
$490/sqft
Vs. Neighborhood guide reference price
+102.9%
$850K · Lakeway neighborhood guide · reference price
Days on market
Not available
Original to current
$210K reduction
$1.9M original
Active inventory context
148 listings
Price Position in Lakeway
Listed 103% above the Lakeway neighborhood guide reference price. Lakeway neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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Lakeway Neighborhood Guide
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78734 ZIP Guide
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Lake Travis ISD Schools
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