Set along a quiet private drive, this 1.15-acre property offers a rare opportunity to secure elevated Lake Travis waterfront in one of Lakeway’s most desirable pockets. With over 100 feet of shoreline and sweeping views across the cove, the setting delivers both privacy and long-term upside. Positioned above the waterline, the homesite provides a significant advantage for future construction. The elevation allows for new development without the need for stilts, creating a more efficient and flexible build process compared to many neighboring waterfront properties. The existing improvements include multiple structures, a grandfathered lakeside pavilion with indoor studio and half bath, and a two-slip boat dock with party deck. Mature trees, established stonework, and terraced paths lead down to the water, giving the property a sense of character and scale that is increasingly difficult to replicate. While the current home and structures offer potential for renovation, the highest and best use is likely redevelopment. This property reflects the growing emphasis on premier waterfront land, offering a generous footprint, usable topography, and exceptional positioning on the lake. Whether envisioned as a custom estate or a long-term investment, this is a standout opportunity to create something truly special on Lake Travis.
Bedrooms
3
Bathrooms
3
Square Feet
3,947
Lot Size
1.146 acres
Year Built
1975
Stories
2
Tax Assessed
$1,085,675 (2025)
Property Tax
$18,238.98/yr (2025)
Type
Single Family
Status
Active
Shapiro Group
Last checked 49m ago.
As assigned by the MLS listing; verify with the district.
1004 Linscomb Dr
Austin, TX 78734
Loan Term
Est. Monthly Payment
$5,898
Property tax is the county's 2025 bill of $18,239, not an estimate.
Estimates based on 6.5% rate. Actual payments may vary.
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