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$689,000 Just Listed
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Property Description
Huge lot with pool in the heart of Lakeway! This beautifully maintained single-story home offers an open, airy floor plan filled with natural light and generous living space throughout. The interior features granite countertops, upgraded cabinetry, appliances, fixtures, and more, creating a clean and move-in-ready feel. Step outside to a spacious backyard retreat complete with a sparkling pool, ideal for entertaining or relaxing in total privacy. Major system updates provide peace of mind, including roof replacement, water heater, pool resurfacing, and consistent mechanical maintenance. Additional enhancements such as updated fencing, irrigation system upgrades, lighting, and recent pool equipment further elevate the home's functionality and appeal. Residents enjoy access to a private neighborhood waterfront park on Lake Travis featuring a swim dock, boat ramp, and more-an incredible lifestyle perk. Located within highly acclaimed Lake Travis ISD and just minutes from shopping, dining, and everyday conveniences. This is a rare opportunity to own a well-updated home with space, amenities, and location all in one-must see!
Full Property Details
Full Property Details for 550 Peterson Ln
General
- Price: $689,000
- HOA FEE: $42/month
- HOA FEE FREQ.: Annually
- Taxes: $11,772 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 8556286
- Updated: 4/2/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Breakfast Bar, Separate/Formal Dining Room, High Ceilings, Multiple Living Areas, Multiple Dining Areas, Main Level Primary, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room
- Appliances: See Remarks
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 4
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Common Grounds/Area, Golf, Lake, Pool, Sidewalks, Tennis Court(s)
- Shared Pool: Yes
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Outdoor Pool, Community
- Spa Description: None
- Tennis: Yes
- Security/Safety: None
Exterior
- Exterior Features: Private Yard
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 4
- Parking Features: Attached, Garage, Garage Door Opener
Location
- Area: LS
- County: Travis
- Subdivision: Lohmans Crossing Estates Sec 03
- Driving Directions: 620 to Lakeway Blvd. Rt. on Lohmans Crossing. Rt. on Hurst Creek. Rt. on Rupen. Lft on Peterson. Go one block, house on Rt.
- Direction Faces: West
School Information
- Elem School District: Lake Travis ISD
- Midd School District: Lake Travis ISD
- High School District: Lake Travis ISD
- Elementary School: Lake Travis
- Middle School: Hudson Bend
- High School: Lake Travis
Community
- Association: Yes
- Assoc. Name: Lohmans Crossing Estates HOA
- Assoc. Fees Include: Common Area Maintenance, Insurance, See Remarks
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 Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick Veneer
- Roof: Composition
- Windows: Blinds
- Stories/Levels: 1
- Square Feet: 2,665
- Sq. Ft. Source: Public Records
- Living Area: 2,665 Sq. Ft.
- Year Built: 1991
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,780
- Sidewalks: Yes
- Fence: Yes
- Lot Features: Corner Lot, Trees Medium Size
- Fencing (Description): Fenced, Wood
Water Features
- Water Front Name: Lake Travis
- Water Front Desc.: Lake Privileges
- Lake Front: Yes
Green Features
- Energy Efficient: See Remarks
Financial Considerations
- Association Fee: $505
- Assoc Fee Freq.: Annually
- Assessment Amount: $637,505
- Tax Amount: $11,772.85
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: Lot 14 Blk C Lohmans Crossing Estates Sec 3
- Disclosures/Reports: Seller Disclosure
- Property ID: 1437014090000
- Block: C
- Lot Number: 14
Listed by Compass RE Texas, LLC
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Schools
Schools serving 550 Peterson Ln
School District:Lake Travis Independent School District
| Name | Grades | Distance |
|---|---|---|
Serene Hills Elementary School 3301 Serene Hills Drive, Austin, TX 78738 | PK-5 | 2.3 mi |
Hudson Bend Middle School 15600 Lariat Trail, Austin, TX 78734 | 6-8 | 2.4 mi |
Lake Travis High School 3324 Ranch Road 620 South, Austin, TX 78738 | 9-12 | 2.9 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 550 Peterson Ln
Date
Details
Price
Change
Source
4/02/2026
Listed
$689,000
—
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 550 Peterson Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,397
—
$637,505
5%
2024
$5,397
-18%
$606,867
-13%
2022
$6,549
—
$698,504
2%
2022
$6,549
-3%
$682,523
50%
2021
$6,722
-27%
$455,948
7%
2020
$9,270
-18%
$426,000
—
2020
$11,310
27%
$426,000
7%
2018
$8,910
1%
$396,496
-2%
2016
$8,804
-9%
$402,551
5%
2017
$9,684
13%
$382,927
6%
2015
$8,569
14%
$362,192
10%
2013
$7,490
—
$329,265
10%
2013
$7,490
—
$299,332
—
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 550 Peterson Ln
550 Peterson Lane, Lakeway, TX 78734 (MLS# 8556286) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 550 Peterson Lane is currently listed for $689,000 and was received on April 02, 2026. Want to learn more about 550 Peterson Lane? 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.

