Date
Details
Price
Change
Source
3/20/2026
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Overlooking sparkling Lake Travis, this Italian-villa-inspired waterfront estate offers one of the most spectacular views in Lakeway and sits high on a rare two-acre homesite within the prestigious, gated community of the Water Front. The home is setback off a quiet cul-de-sac behind a private gated entrance and long driveway, providing an exceptional sense of privacy and scale that's hard to come by in the coveted Old Lakeway area. Combined with expansive manicured lawns, lush landscaping, and an elegant courtyard with a striking fountain pool, the curb appeal is dramatic and impressive. Custom built by award-winning Vintage Builders, the home showcases outstanding craftsmanship and timeless architectural details including handpainted barrel ceilings, extensive built-in woodwork, and an infinity-edge pool overlooking the deep waters of Lake Travis. The floorplan, spanning approximately 5,200 SF, was thoughtfully designed with beautiful spaces for everyday comfort and sophisticated entertaining. Multiple living and dining areas are found throughout the home, as well as dual master suites on the first floor and two additional guest bedrooms upstairs both with private en suite bathrooms. Plus unique features like the grand foyer, wood-paneled family room, and two-story study add flair and multi-purpose function. With unforgettable views, exquisite style, and resort-style living 5 Water Front Avenue is a one-of-a-kind lakefront estate in the heart of Lakeway, the caliber of which rarely becomes available.
Full Property Details
Full Property Details for 5 Water Front Ave
General
- Price: $3,950,000
- HOA FEE: $167/month
- HOA FEE FREQ.: Annually
- Taxes: $53,225 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3455124
- Updated: 3/20/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Wet Bar, Bookcases, Built-in Features, Ceiling Fan(s), Crown Molding, Central Vacuum, Separate/Formal Dining Room, Double Vanity, Entrance Foyer, French Door(s)/Atrium Door(s), Granite Counters, High Ceilings, Kitchen Island, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Multiple Primary Suites, Multiple Closets, Pantry, Storage, Study
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Gas Starter, Living Room
- Appliances: Bar Fridge, Built-In Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Plumbed For Ice Maker, Refrigerator, Stainless Steel Appliance(s)
- Flooring: Carpet, Stone, Wood
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 4
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 2
Other Rooms
- Laundry: Inside, Main Level, Laundry Room
Additional Information
- Shared Amenities: Community Mailbox, Gated
- Pool: Yes
- Private Pool: Yes
- Pool Description: Infinity, In Ground, Outdoor Pool, Waterfall
- Security/Safety: Security Fence, See Remarks, Controlled Access
Exterior
- Exterior Features: Balcony, Outdoor Grill, Private Entrance, Private Yard
- Porch/Patio/Deck: Covered, Patio, Terrace, Balcony
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 10
- Parking Features: Additional Parking, Driveway, Garage, Gated, Heated Garage
Location
- Area: LS
- County: Travis
- Subdivision: Lakeway Sec 37
- Driving Directions: From RR 620, turn onto Lakeway Blvd, then RIGHT onto Lakeway Drive, then LEFT onto Dragon. Follow until RIGHT onto Lake Estates Drive with the front gate to the Water Front community. (Agent will provide gate code upon confirmed showing.) Follow Lake Estates Drive until it dead ends at Water Front Avenue. Take a RIGHT and curve around cul-de-sac to 5 Water Front Avenue. Property gate will be open. There are no sale signs.
- Direction Faces: Northwest
School Information
- Elem School District: Lake Travis ISD
- Midd School District: Lake Travis ISD
- High School District: Lake Travis ISD
- Elementary School: Serene Hills
- Middle School: Hudson Bend
- High School: Lake Travis
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Lakeway II Community Association
- Assoc. Fees Include: Common Area Maintenance, Security
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Municipal Utility District
- Water: Municipal Utility District
- Utility Description: Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected
Structural Information
- Detached/Attached: Detached
- Builder: Vintage Builders
- Construction: Masonry, Stone, Stucco
- Roof: Barrel, Concrete, Tile
- Windows: Plantation Shutters, Screens, Wood Frames
- Stories/Levels: 2
- Square Feet: 5,270
- Sq. Ft. Source: Public Records
- Living Area: 5,270 Sq. Ft.
- Year Built: 2002
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Lake, Panoramic, Pool, Water
- Lot Size (Acres): 2.002
- Lot Size (Sq. Ft.): 87,207.12
- Fence: Yes
- Lot Features: Cul-De-Sac, Front Yard, Landscaped, Private, Many Trees, Sprinklers In Ground, Views
- Fencing (Description): Fenced, Full, Gate, Wrought Iron
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Travis
- Water Front Desc.: Lake Front, Waterfront
- Lake Front: Yes
Financial Considerations
- Association Fee: $2,000
- Assoc Fee Freq.: Annually
- Assessment Amount: $2,674,096
- Tax Amount: $53,225.92
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Legal Description: LOT 12A LAKEWAY SEC 37 AMENDING PLAT OF LOT 10, 12&13 BLK A
- Disclosures/Reports: Familial Relation
- Property ID: 1418301370000
- Block: A
- Lot Number: 12A
Listed by Moreland Properties
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Listing agent
— 5 Water Front Ave —
Moreland Properties
(512) 263-3282
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Schools
Schools serving 5 Water Front Ave
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
Serene Hills Elementary School 3301 Serene Hills Drive, Austin, TX 78738 | PK-5 | 1.6 mi |
Hudson Bend Middle School 15600 Lariat Trail, Austin, TX 78734 | 6-8 | 4.4 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 Water Front Ave
Tax History
Tax History for 5 Water Front Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$28,511
—
$2,882,207
10%
2024
$28,511
-4%
$2,620,188
5%
2022
$29,676
—
$2,500,000
-23%
2022
$29,676
-2%
$3,260,510
66%
2021
$30,431
-22%
$1,968,586
10%
2020
$38,943
-18%
$1,789,624
—
2020
$47,512
20%
$1,789,624
1%
2018
$39,742
-3%
$1,768,512
-1%
2016
$40,914
—
$1,782,441
—
2017
$40,805
-5%
$1,779,590
-2%
2015
$42,983
3%
$1,816,855
7%
2014
$41,547
-2%
$1,700,093
10%
2014
$42,540
—
$1,545,539
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 Water Front Ave
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- Single Family
- Active
- Updated 14 hours ago
- 4Beds
- 4Total Baths
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5 Water Front Avenue, Lakeway, TX 78734 (MLS# 3455124) is a Single Family property with 4 bedrooms, 4 full bathrooms and 2 partial bathrooms. 5 Water Front Avenue is currently listed for $3,950,000 and was received on March 20, 2026. Want to learn more about 5 Water Front Avenue? Do you have questions about finding other Single Family real estate for sale in Lakeway? You can browse all Lakeway real estate or contact a Coldwell Banker agent to request more information.