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5 bed, 4 bath, 4,173 sqft on 0.28 acres in Lakeway. Lakeway, TX 78734. Last listed at $1,499,000, sold February 6, 2026. Lake Travis ISD.
About This Home
Old Lakeway – Fully renovated modern home with pool, luxury finishes, and Lake Travis ISD schools! Welcome to 902 Challenger St, a stunning transformation in one of Old Lakeway’s most desirable neighborhoods. This beautifully remodeled 5-bedroom, 4.5-bath home blends the timeless charm of Old Lakeway with the style and comfort of new construction. Every inch of this 4,000+ sq ft residence has been redesigned with attention to detail and quality craftsmanship. The open-concept upper level is bright and inviting, featuring wood and tile floors, and a cozy fireplace. The chef’s kitchen includes quartz countertops, stainless steel appliances, a pot filler, wine fridge, and a waterfall style large island with seating—ideal for entertaining. A spacious walk-in pantry with wine fridge adds convenience and storage. The primary suite offers a serene retreat with a spa-like bathroom, freestanding tub, walk-in shower, large custom closet, and private balcony with treetop views. 2 additional bedrooms include en-suite baths, providing space and privacy for family or guests. The lower level features a game room with built-ins and a private office with French doors, perfect for today’s work-from-home lifestyle, 2 additional bedrooms, and a spacious laundry room. Step outside to your private backyard oasis: a brand-new pool and spa, outdoor kitchen, turfed yard for low maintenance, and a covered patio designed for relaxing evenings and weekend gatherings. Additional highlights: oversized 4 tandem-car garage with storage, modern lighting, upgraded fixtures, and no HOA. Located minutes from Lake Travis, golf courses, marinas, Lakeway Resort & Spa, and zoned to top-rated Lake Travis ISD. 902 Challenger St is more than a remodel—it’s a complete reimagination of Lakeway living: modern, bright, and ready to move in.
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
- 1975
- Lot Size
- 0.28 acres
- Price / Sq Ft
- $359
Listing information last updated December 8, 2025.
Listed by JPAR Round Rock
MLS# 8924918 • 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
Exterior & Lot
- Lot Size
- 0.28 Acres
Financial
- Original List Price
- $1,775,000
- Price per Sq Ft
- $359
Explore this area
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,499,000
- Original list
- $1,775,000
- Price movement
- $276K reduction
- Listed / DOM
- May 29, 2025
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.
Illustrative down payment
20% ($300K)
Adjustable assumption - not a lending recommendation.
Home price
$1,499,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$1,499,000
Price per sqft
$359/sqft
Vs. Neighborhood guide reference price
+76.4%
$850K · Lakeway neighborhood guide · reference price
Days on market
Not available
Original to current
$276K reduction
$1.8M original
Active inventory context
131 listings
Price Position in Lakeway
Listed 76% above the Lakeway neighborhood guide reference price. Lakeway neighborhood guide · reference price.
Source: Public records and Keenan Group review as of Apr 25, 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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