5 Water Front Ave Lakeway, TX $ 3,950,000
5 Water Front Ave
$ 3,950,000
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5 Water Front Ave

Lakeway, TX, 78734
$ 3,950,000
Bedrooms4 Baths4.2 Sq 5,270

Monthly Estimate*

$ 24,321

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Single Family Home for sale in Lakeway, TX

for $3,950,000 with 4 bedrooms and 4 full baths, 2 half baths. This 5,270 square foot home was built in 2002 on a lot size of 2.002.

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.

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Single Family Active

Price

$ 3,950,000

Bedrooms

4

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 53,226

Style

Single Family Residence

Lot Size

2.002

Year Built

2002

Town/City

Lakeway

County/Region

Travis

MLS | Web ID

3455124

Features
General
Living Area 5270
Sewer MUD
Heating Central
Cooling Central Air
Utilities Electricity Connected Propane Sewer Connected Underground Utilities Water Connected
Roof Barrel Concrete Tile
Appliances Bar Fridge Built-In Oven(s) Dishwasher Disposal Gas Cooktop Microwave Plumbed For Ice Maker Refrigerator Stainless Steel Appliance(s)
HOA Fee 2000
Garage Spaces 3
Association Fee Includes Common Area Maintenance Security
Patio/Porch Features Covered Patio Terrace
Pool Features In Ground Infinity Outdoor Pool Waterfall
Security Features See Remarks Security Fence
Construction Materials Masonry – Partial Stone Stucco
Year Built 2002
View Lake Panoramic Pool Water
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Lake Front Waterfront
Community Features Cluster Mailbox Controlled Access Gated
Accessibility Hand Rails
Assoc Fee Paid Per Annually
County Travis
New Construction N
Property Type Residential
HOA Y
Energy Efficient None
Subdivision Name Lakeway Sec 37
Facing Direction Northwest
Green Sustainability None
Other Structures None
Full Baths 4
Status Active
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 provid
High School Lake Travis
City Lakeway
Body of Water Lake Travis
Disclosures Familial Relation
Association Name Lakeway II Community Association
MLS Area LS
Lot Size Square Feet 87207.12
Elementary School Serene Hills
Tax Annual Amount 53225.92
Middle/Junior High School Hudson Bend
Property Condition Resale
Additional Parcels Y/N N
Virtual Tour https://tinyurl.com/5WaterFront
Builder Name Vintage Builders
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 2674096
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Interior
Interior Amenities Two Primary Suties Bar Bookcases Built-in Features Ceiling Fan(s) Ceiling-High Central Vacuum Granite Counters Crown Molding Double Vanity Entrance Foyer Kitchen Island Multiple Dining Areas Multiple
Flooring Carpet Stone Wood
Total Fireplaces 1
Fireplace Features Gas Starter Living Room
Window Features Plantation Shutters Screens Wood Frames
Half Baths 2
Total Bedrooms 4
Main Level Bedrooms 2
Total Baths 6
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Exterior
Exterior Amenities Balcony Outdoor Grill Private Entrance Private Yard
Fencing Fenced Full Gate Wrought Iron
Parking Features Additional Parking Driveway Garage Gated Heated Garage
Lot Features Cul-De-Sac Front Yard Landscaped Private Many Trees Views
Water Source MUD
Total Parking 10
Foundation Details Slab
Lot Size Acres 2.002
Waterfront Y/N Y
Covered Spaces 3
Horse Y/N N
Horse Amenities None
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Hannah Lloyd

Listing Agent

Moreland Properties

Broker

hannah@moreland.com

Email

Affordability Calculator

$28,756
Per Month
85%
15%
0%
Monthly Principal & Interest
$24,321
Monthly Property Taxes
$4,436
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360264 Elementary School
4360309 Middle School
Lake Travis High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2026$3,950,000 Listed Price

Map


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5 Water Front Ave, Lakeway, TX, 78734 is a Single Family Home for sale at $3,950,000 with 5,270 sqft and a lot size of 2.002. 5 Water Front Ave has 4 bedrooms, 4.2 baths, and was built in 2002. The property's zip code is 78734 which is in Lakeway, TX