About this home

RARE 1+ ACRE OPPORTUNITY IN THE HEART OF LAKEWAY WITH INCREDIBLE FLEXIBILITY AND HILL COUNTRY VIEWS! Located in one of the most desirable areas near Lake Travis, this unique property offers dual zoning for both residential and commercial use, creating endless possibilities for homeowners, investors, developers, or business owners. The expansive lot provides ample space for a custom home, office space, boutique commercial use, warehouse development, or a mixed-use live/work concept. With over an acre in a prime Lakeway location, opportunities like this are becoming increasingly rare. The property currently features an existing manufactured home along with an RV pad equipped with hookups, offering immediate functionality for residential living, office use, rental income, or interim operations while planning future development. Enjoy beautiful Texas Hill Country views while being just minutes from Lake Travis marinas, shopping, dining, entertainment, schools, and major commuter routes. The combination of location, usable land, dual-use zoning, and development potential makes this property truly stand out. Whether you are looking to build, invest, operate a business, create a live/work setup, or hold valuable land in a rapidly growing area, this property offers exceptional versatility and long-term potential in the heart of Lakeway.

Facts and features

Schools

• Hudson Bend Middle School

  middle · 6-8 · 0.7 mi

  8

• Lake Travis Elementary School

  elementary · K-5 · 1.0 mi

  6

• Lake Travis High School

  high · 9-12 · 4.2 mi

  8

• Bluebonnet Montessori School of Lakeway

  elementary · PK-3 · 0.6 mi

• International School of Texas

  elementary · K-8 · 1.6 mi

• Abercorn International School

  elementary · K-6 · 2.0 mi

Price history

• May 13, 2026 · Price Changed$450,000
• Apr 9, 2026 · Price Changed$465,000
• Jan 13, 2026 · Listed$470,000
• Jan 2, 2026 · Listing Removed—
• Aug 20, 2025 · Price Changed$490,000
• Feb 25, 2025 · Listed$540,000
• Feb 21, 2025 · Listing Removed—
• Aug 29, 2024 · Listed$540,000

Tax history

• 2026$9,191 tax · $547,105 assessed
• 2025$9,156 tax · $551,930 assessed
• 2023$7,407 tax · $458,446 assessed
• 2022$8,030 tax · $333,513 assessed
• 2021$6,565 tax · $256,825 assessed
• 2020$5,065 tax · $256,825 assessed
• 2019$5,205 tax · $255,190 assessed
• 2018$5,215 tax · $195,410 assessed

Home value

$548,469

• Quantarium$548,469
• Cotality$440,000

Where it is