— bed, — bath on 1.08 acres in Lakeway. Lakeway, TX 78734. $750,000.
About This Home
Seize the opportunity to own one or both of the last two premium 1-acre commercial lots on (8 & 9) Lakeway Center Drive in the heart of Lakeway, Texas. These prime lots, available together or separately, are ideally situated in a high-visibility location, perfect for developing a Class A office building, medical facility, or luxury spa service. The gentle topography, seamlessly blending into the iconic Texas Hill Country, offers a unique chance to design and build with stunning hill country views in mind. The lots support multi-story development with the potential for below-ground parking, optimizing the breathtaking vistas and enhancing property functionality. Location Highlights Located in Lakeway, Texas, a thriving resort community 25 miles northwest of downtown Austin along the scenic south shore of Lake Travis, these lots benefit from the area’s affluent demographic and vibrant economic landscape.
Lakeway combines suburban charm with proximity to Austin’s urban amenities, making it a magnet for professionals, families, and businesses. The lots on Lake Center Drive are positioned to capture high foot traffic and visibility, ideal for businesses catering to Lakeway’s upscale, educated population. Development Potential These 1-acre lots are zoned for commercial use, offering flexibility for a range of high-value projects: Class A Office Space: Ideal for professional firms seeking premium office environments to serve Lakeway’s affluent and educated clientele. Medical Facility: Perfect for healthcare providers, given the community’s wealth and demand for high-quality medical services. Luxury Spa Service: A prime location for wellness and spa businesses catering to Lakeway’s upscale, lifestyle-driven residents. The lots’ gentle topography supports innovative architectural designs that embrace the Hill Country aesthetic, with the potential for multi-story buildings featuring below-ground parking to maximize scenic views of the surrounding landscape.
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
- Commercial Sale
- Year Built
- 2028
- Lot Size
- 1.08 acres
Listing information last updated August 14, 2026.
Listed by Compass RE Texas, LLC
MLS# 2034127 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 1.08 Acres
Financial
- Original List Price
- $750,000
Utilities
- Water Source
- Public
Transaction History
3 records on file
Every recorded listing, sale, and lease at 9 Lakeway Centre CT, whoever represented it.
- ActiveListed 2026Current price: $750,000Original list: $750,000MLS 2034127
- Listed · August 14, 2026$750,000
- WithdrawnListed 2006Current price: $400,000Original list: $400,000MLS 4777657
- ExpiredListed 2005Current price: $350,000Original list: $350,000MLS 9978307
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
- $750,000
- Original list
- $750,000
- Price movement
- No verified reduction
- Listed / DOM
- Aug 14, 2026 · 62 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $563,424
- Assessment Year
- 2025
- Parcel ID
- 000000423262
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+0.0% | — | $563,424 | $563,424 | — |
2021 | — | $563,424 | $563,424 | — |
District Schools Nearby
Lake Travis High School
Bee Cave Middle School
Hudson Bend Middle School
Lake Pointe Elementary
Lakeway Elementary
Bee Cave Elementary
District context schools are shown because address-level assigned school fields are not available for this property. 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% ($150K)
Adjustable assumption - not a lending recommendation.
$750,000
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$750,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
-11.8%
$850K · Lakeway neighborhood guide · reference price
Days on market
62 days
Original to current
No verified reduction
$750K original
Active inventory context
148 listings
Price Position in Lakeway
Listed 12% 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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