Description
Set along a quiet private drive, this 1.15-acre property offers a rare opportunity to secure elevated Lake Travis waterfront in one of Lakeway’s most desirable pockets. With over 100 feet of shoreline and sweeping views across the cove, the setting delivers both privacy and long-term upside. Positioned above the waterline, the homesite provides a significant advantage for future construction. The elevation allows for new development without the need for stilts, creating a more efficient and flexible build process compared to many neighboring waterfront properties. The existing improvements include multiple structures, a grandfathered lakeside pavilion with indoor studio and half bath, and a two-slip boat dock with party deck. Mature trees, established stonework, and terraced paths lead down to the water, giving the property a sense of character and scale that is increasingly difficult to replicate. While the current home and structures offer potential for renovation, the highest and best use is likely redevelopment. This property reflects the growing emphasis on premier waterfront land, offering a generous footprint, usable topography, and exceptional positioning on the lake. Whether envisioned as a custom estate or a long-term investment, this is a standout opportunity to create something truly special on Lake Travis.
Details
| MLS # | 3886495 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 120 |
| Listing Provided By | Phyllis Browning Company | Emily Lottman |
Features
| Acreage | 1.15 |
|---|---|
| Water Front | Yes |
| Property View | Lake, River, Water |
Exterior
| Exterior Features | Exterior Steps, Boat Dock - Private |
|---|---|
| Lot Features | Open Lot, Private, Sprinkler - Automatic, Many Trees |
| Fencing | Partial |
Utilities
| Utilities | Electricity Available |
|---|---|
| Sewer | Septic Tank |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 18238 |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78734 |
| Area | LS |
| Community Name | Pearson I H |
| School District | Lake Travis ISD |
| Elementary School | Lake Travis |
| High School | Lake Travis |
| Listing VS Median (in Pearson I H) | |
Price: $875,000 low | high Med: $632,500 On site: 120 low | high Med: 142 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 27, 2026 at 8:00:56 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78734 |
| Area | LS |
| Community Name | Pearson I H |
| School District | Lake Travis ISD |
| Elementary School | Lake Travis |
| High School | Lake Travis |
| Listing VS Median (in Pearson I H) | |
Price: $875,000 low | high Med: $632,500 On site: 120 low | high Med: 142 | |
 | $3,999,0001700 Buffalo GapAustin, TX 78734 |
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