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$650,000 Just Listed
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Property Description
Rare opportunity on nearly an acre with Lake Travis views! Home has been taken down to the studs - a blank canvas to customize the interior to your vision. Vaulted beamed ceilings and a stone fireplace showcase the home's great bones and scale. Total lot size is .98 acres, offering the potential to subdivide or re-plat back into two separate lots (buyer to verify with county/municipality). Enjoy Lake Travis views amid mature Hill Country oaks in an established neighborhood of custom homes. A unique chance to renovate, build new, or capitalize on the double-lot potential in this prime location.
Full Property Details
Full Property Details for 517 Dragon
General
- Price: $650,000
- Taxes: $12,035 (2026)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 3685546
- Updated: 8/10/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: None
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: In Garage
Additional Information
- Shared Amenities: Community Mailbox, Golf, Playground, Park, Airport/Runway, Trails/Paths
- Security/Safety: None
Exterior
- Exterior Features: No Exterior Steps
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Covered Spaces: 2
- Total Spaces: 4
- Parking Features: Carport
Location
- Area: LS
- County: Travis
- Subdivision: Lakeway Sec 03
- Driving Directions: From 620 take Lakeway Blvd, right on Lakeway Dr, left On Dragon. 517 on the right.
- Direction Faces: South
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
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: See Remarks
- Water: Municipal Utility District
- Utility Description: Electricity Connected, Phone Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Masonry, Wood Siding
- Roof: Metal
- Windows: Aluminum Frames
- Stories/Levels: 1
- Square Feet: 2,000
- Sq. Ft. Source: Public Records
- Living Area: 2,000 Sq. Ft.
- Year Built: 1976
- Year Built Source: Public Records
- Property Condition: See Remarks
Additional Structures
- Other Structures: None
Lot Features
- Property View: Lake, River
- Lot Size (Acres): 0.9837
- Lot Size (Sq. Ft.): 42,849.97
- Lot Features: Near Golf Course, Native Plants, Open Lot, Split Possible, See Remarks, Trees Medium Size
- Fencing (Description): None
Water Features
- Water View: Yes
Financial Considerations
- Assessment Amount: $559,179
- Tax Amount: $12,035.37
- Tax Year: 2026
- Terms: Cash, Committed Funds, See Remarks
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: LOT 310A LAKEWAY SEC 3 AMENDED PLAT OF LOTS 310&311
- Property ID: 1418012230000
- Lot Number: 310A
Listed by The Marye Company
Get Pre-Approved Today
Schools
Schools serving 517 Dragon
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
Serene Hills Elementary School 3301 Serene Hills Drive, Austin, TX 78738 | PK-5 | 1.3 mi |
Hudson Bend Middle School 15600 Lariat Trail, Austin, TX 78734 | 6-8 | 4 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 3.2 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 517 Dragon
Date
Details
Price
Change
Source
8/10/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 517 Dragon
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,824
—
$559,179
-9%
2024
$10,824
-6%
$613,137
-16%
2022
$11,491
—
$726,518
17%
2022
$11,491
45%
$622,937
53%
2021
$7,943
8%
$406,523
15%
2020
$7,326
—
$353,373
—
2020
$7,339
-1%
$353,373
1%
2018
$7,429
-5%
$348,562
-7%
2016
$7,787
-6%
$375,084
4%
2017
$8,325
16%
$360,000
11%
2015
$7,154
12%
$323,383
5%
2013
$6,398
—
$307,500
11%
2013
$6,398
—
$277,474
—
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 517 Dragon
517 Dragon, Lakeway, TX 78734 (MLS# 3685546) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 517 Dragon is currently listed for $650,000 and was received on August 10, 2026. Want to learn more about 517 Dragon? 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.

