The 10 Most Expensive Homes Ever Sold in Lakeway, TX

The most expensive homes ever sold in Lakeway carried list prices that ran from $3.5 million all the way up to $7.95 million, and four of the ten sat on the exact same street. That street is Water Front Ave, the ultra-luxury stretch of Lake Travis shoreline that basically owns the top of this market. (As of July 2026 that is the pattern, and honestly I do not see it changing anytime soon.)

For a little context, the City of Lakeway is a small incorporated city on the south shore of Lake Travis, and the very top of its housing market sits right on the water.

I pulled this list straight from our own sold records at Neuhaus Realty Group. I have been selling homes out here in the Lake Travis area for a long time, and even I raised an eyebrow at how concentrated the trophy tier really is. So lets walk through it.

Quick housekeeping before we start, because this part matters. These homes are listed in no particular order. This is not a ranking. It is a collection of the ten homes at the very top of what Lakeway has produced, grouped the way they naturally fall, and nothing more. Do not read the order as first place to tenth place, because that is not what this is.

One more honest note, and this is the realtor in me refusing to oversell. Every dollar figure below is the public MLS list price, meaning the number the home was listed for. Final sale prices are not disclosed, so I am not going to pretend to know what any of these actually closed at, and you should be a little suspicious of anyone who claims they do. If you want the full history on a particular home, click through to its property page and read it yourself. Fair enough right.

The two headliners

1219 Brooks Hollow Rd

Listed for $7,950,000. This is the big one on the list by list price, and it lives up in a gated custom-estate pocket rather than down on the water. When you get to almost $8 million out here you are usually paying for privacy, acreage, and a home that was built exactly once for exactly one owner. Nothing about a house at this number is off the shelf. You can see the full property page for 1219 Brooks Hollow Rd here.

717 Cutlass

Listed for $5,950,000. Cutlass sits in the older, established waterfront part of Lakeway, near the marina and the airpark, which is a part of town people either already know or have never heard of. And that is kind of the point. Almost $6 million buys you into a section of Lakeway that has been the good stuff since long before the newer master-planned neighborhoods showed up. Here is the property page for 717 Cutlass.

The Water Front Ave story

Ok, here is the part that actually tells you something about this market. Four of the ten most expensive homes in Lakeway are on one street. Not one neighborhood. One street. Water Front Ave is a short run of Lake Travis frontage, and it punches so far above its size that it is genuinely the whole story of the top of this market. If you want to understand luxury in Lakeway, you understand this street first and everything else second.

15 Water Front Ave

Listed for $4,995,000. Right at the top of the Water Front Ave group. View the property page for 15 Water Front Ave.

9 Water Front Ave

Also listed for $4,995,000. Same street, same list price as its neighbor a few doors down, which tells you the market has a pretty clear idea of what a premium seat on this stretch is worth. View the property page for 9 Water Front Ave.

27 Water Front Ave

Listed for $3,985,000. View the property page for 27 Water Front Ave.

5 Water Front Ave

Listed for $3,950,000. Four homes, one street, all of them in the top ten. I have sold in a lot of neighborhoods around Austin and it is rare to see this kind of concentration. When a single street shows up this many times at the top, that is the market telling you exactly where the value is, and you do not have to squint to read it. View the property page for 5 Water Front Ave.

Edgewater, Canyon Turn, and Casasanta

112 Edgewater Cv

Listed for $3,799,000. Edgewater is another one of those Lake Travis pockets where the address does a lot of the heavy lifting. A cove lot changes the whole feel of a waterfront property, and buyers at this level know exactly what they are paying for. View the property page for 112 Edgewater Cv.

221 Canyon Turn and 229 Canyon Turn Trl

So here is the other little pattern worth pointing out. Canyon Turn shows up twice on this list. 221 Canyon Turn listed for $4,000,000, and 229 Canyon Turn Trl listed for $3,500,000. Two homes, same street, both in the trophy tier. It is a smaller version of the Water Front Ave effect, and it is a good reminder that in Lakeway the top of the market clusters. It does not spread out evenly across town, it stacks up in a handful of very specific spots. You can see the property page for 221 Canyon Turn here and 229 Canyon Turn Trl here.

616 Casasanta Trl

Listed for $3,700,000. Rounding out the group. View the property page for 616 Casasanta Trl.

What actually puts a Lakeway home in this tier

After you stare at a list like this for a minute, the pattern is not exactly a secret. Look where these homes are. Lake Travis waterfront and gated enclaves. That is the top of the market, full stop. If you want to play at $3.5 million and up in Lakeway, you are almost always talking about one of a few things, and usually more than one of them at the same time.

Water. Real Lake Travis frontage is the single biggest driver up here. Four of these homes on Water Front Ave is not a coincidence, it is the whole ballgame.

Land. Once you move off the water, like Brooks Hollow, the money shifts to acreage and privacy. You are buying room and quiet instead of shoreline.

A true custom build. Nothing at this number came out of a builder catalog. These are one-off homes, designed once, built once, and priced accordingly.

The right enclave. Cutlass near the marina, the Water Front Ave stretch, Canyon Turn, Edgewater. The address itself carries value out here, and the buyers at this level know the difference between one street and the next.

Now let me be honest about the water part, because this is where I watch people get starry-eyed and skip the homework. Lake Travis is a reservoir, and it rises and falls a lot more than people expect. Waterfront in Lakeway does not automatically mean deep water off your dock in a dry year, and it does not always mean an easy walk down to the shoreline either. Some of these lots are steep. So if you are shopping this tier, the view is the easy part, the actual lake access and the elevation of the lot are the parts you need to go stand on in person. (Daniel Kahneman had this whole idea about how we judge things by the easy, vivid detail instead of the one that actually matters, and lakefront shopping is basically that idea wearing swim trunks.) I say this to buyers all the time and I will say it here too, do not fall for the listing photo, go see the water for yourself.

If you are curious where these homes fit in the bigger picture of the city, our guide to the best neighborhoods in Lakeway, TX walks through the enclaves in a lot more detail, and you can browse everything currently available on our Lakeway homes for sale page.

Frequently Asked Questions

Thinking about the top of the Lakeway market?

Whether you are curious about your own home’s place in all this or you actually want to shop the trophy tier, this is the corner of the market I know cold. Lets grab a coffee and talk through it, no pressure and no sales pitch, just a straight read on where things stand. You can reach out to Ed Neuhaus here anytime.