1005 Challenger, Lakeway TX 78734

Lakeway, TX 78734 | Lakeway

$2,550,000 $611/sqft ▼ $245,000 (8.8%)
5 Beds
5 Baths 4 Full, 1 Half
4,172 Sq Ft
0.5978 Acres
1982 Built
2 Garage

About This Property

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Celebrate the holidays & begin a new chapter at 1005 Challenger, a thoughtfully updated & expanded Lake Travis waterfront home offering spectacular views, a flexible floor plan, direct water access, a private tram & a 2022-built covered boat dock. With Lake Travis full, enjoy family gatherings + holiday traditions overlooking the water. Watch the kids & grandkids fish from your private dock, enjoy nearby golf or a lake cruise, and spend mild Texas winter afternoons grilling outdoors before gathering around one of the fireplaces for cozy evenings. From holiday celebrations to summer days on the lake, this is a home to enjoy year-round. Offering 5 bedrooms, 4.5 baths, & space for full-time living or weekend escapes, this home is just 8 minutes from Lakeway & FM 620. Walls of windows frame expansive lake views, while the open-concept living room with a fireplace opens to a covered balcony, perfect for morning coffee, sunset dinners & entertaining. Take the upgraded private tram or stone and steel steps to your covered dock, complete with a HydroHoist boat lift, boat slip, storage closet, and generous space for lake activities. Its location along a no-wake area offers a relaxed waterfront setting. The lake-view gourmet kitchen features a statement granite island, built-in stainless-steel refrigerator, Viking gas range, dual ovens, Bosch dishwasher, and bar with ice maker, sink, and storage drawer for spirits. The primary suite offers beautiful lake views, hardwood floors, a fireplace, jetted tub, separate shower, and dual walk-in closets. Comfortable main-level living is complemented by 4 additional lower-level bedrooms, including an oversized en-suite room with built-in shelving, ideal as an office or game room. An oversized two-car garage & abundant parking make hosting family and friends easy. With its private waterfront amenities, beautiful lake views, and versatile living spaces, 1005 Challenger offers an exceptional opportunity to enjoy the Lake Travis lifestyle.

Property Highlights

Waterfront Lake Travis · Lake Front, Lake Privileges, Waterfront
View Hill Country, Lake, Marina

Features

  • See Remarks
  • Bar
  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Vaulted Ceiling(s)
  • Chandelier
  • Granite Counters
  • Double Vanity
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Entrance Foyer
  • French Doors
  • In-Law Floorplan
  • Interior Steps
  • Kitchen Island
  • Multiple Dining Areas
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Walk-In Closet(s)
  • Washer Hookup
  • Wet Bar
  • Wired for Sound

Location

Schools

School District Lake Travis ISD
Elementary Serene Hills
Middle School Hudson Bend
High School Lake Travis

Property Details

Property Type Residential
Construction Masonry – Partial, Wood Siding, Stone, Stone Veneer
Roof Composition, Shingle
Foundation Slab
Levels Two
Flooring Carpet, Stone, Wood
Cooling Ceiling Fan(s), Central Air, Electric
Heating Central, Electric, Heat Pump
Fireplace Living Room, Primary Bedroom, Raised Hearth, Wood Burning
Exterior Balcony, Boat Dock - Private, Boat Lift, Boat Slip, Exterior Steps, Gutters Full, Lighting, Private Entrance, Private Yard
County Travis
MLS # 5859832
Garage 2 spaces (Attached)
Parking 5 spaces: Additional Parking, Attached, Door-Multi, Driveway, Garage, Garage Door Opener, Garage Faces Side, Guest, Kitchen Level, Off Street, Parking Pad, Paved, Private
Windows Double Pane Windows, Plantation Shutters, Screens, Shutters, Skylight(s), Window Coverings, Window Treatments
Security Security Lights, Security System, Security System Owned, Smoke Detector(s)

Lot, Outdoor & Utilities

Lot Features Back Yard, Front Yard, Gentle Sloping, Landscaped, Native Plants, Near Golf Course, Public Maintained Road, Sloped Down, Sprinkler - Automatic, Sprinklers In Front, Sprinkler - In-ground, Sprinkler - Partial, Trees-Large (Over 40 Ft), Many Trees, Trees-Medium (20 Ft - 40 Ft), Views
Patio & Porch Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Side Porch
Fencing Front Yard, Wrought Iron
Other Structures Boat House, Storage
Water Municipal Utility District (MUD)
Sewer Public Sewer
Utilities Electricity Connected, Propane, Sewer Connected, Water Connected

HOA & Community

Community Features General Aircraft Airport, Lake, Park, Suburban

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Tax Information

Annual Taxes (MLS) $30,116 (2025)
Assessed Value $1,976,431
Exemptions Homestead, Over 65

Sale Terms & Disclosures

Financing Accepted Cash, Conventional
Sale Type Standard
Possession Close Of Escrow, Funding
Disclosures Seller Disclosure

Listing History

MLS# 5859832 - Updated Oct 20, 2026 123 days
Aug 28, 2026 Price Change $2,550,000
Jun 18, 2026 Listed Listing Courtesy of Moreland Properties - allison@​moreland.com $2,795,000

Frequently Asked Questions About 1005 Challenger, Lakeway TX 78734

When was 1005 Challenger, Lakeway TX 78734 built?

1005 Challenger, Lakeway TX 78734 was built in 1982. It is masonry – partial, wood siding, stone, stone veneer construction with 4,172 square feet on a 0.5978 acre lot.

How much does 1005 Challenger, Lakeway TX 78734 cost?

1005 Challenger, Lakeway TX 78734 is listed for sale at $2,550,000. That is $611 per square foot.

How many bedrooms and bathrooms does 1005 Challenger, Lakeway TX 78734 have?

1005 Challenger, Lakeway TX 78734 has 5 bedrooms and 5 bathrooms (4 full, 1 half) with 4,172 square feet of living space.

What school district is 1005 Challenger, Lakeway TX 78734 in?

1005 Challenger, Lakeway TX 78734 is in the Lake Travis ISD school district. Assigned schools include Serene Hills (elementary), Hudson Bend (middle), Lake Travis (high school).

What are the property taxes on 1005 Challenger, Lakeway TX 78734?

The annual property taxes on 1005 Challenger, Lakeway TX 78734 are $30,116 (as of 2025). The tax assessed value is $1,976,431.

How big is the lot at 1005 Challenger, Lakeway TX 78734?

The lot at 1005 Challenger, Lakeway TX 78734 is 0.5978 acres, and the home has 4,172 square feet of living space.

What type of property is 1005 Challenger, Lakeway TX 78734?

1005 Challenger, Lakeway TX 78734 is a residential property on a slab foundation.

Does 1005 Challenger, Lakeway TX 78734 have a garage?

Yes, 1005 Challenger, Lakeway TX 78734 has a 2-car garage (attached). Parking features include additional parking, attached, door-multi, driveway, garage, garage door opener, garage faces side, guest, kitchen level, off street, parking pad, paved, private.

Is 1005 Challenger, Lakeway TX 78734 waterfront?

Yes, 1005 Challenger, Lakeway TX 78734 is a waterfront property on Lake Travis. Waterfront features include lake front, lake privileges, waterfront.

What subdivision is 1005 Challenger, Lakeway TX 78734 in?

1005 Challenger, Lakeway TX 78734 is located in the Lakeway subdivision in Lakeway, TX. Community features include general aircraft airport, lake, park, suburban.

How long was 1005 Challenger, Lakeway TX 78734 on the market?

1005 Challenger, Lakeway TX 78734 was on the market for 123 days, listed on June 18, 2026.

What heating and cooling does 1005 Challenger, Lakeway TX 78734 have?

1005 Challenger, Lakeway TX 78734 has central, electric, heat pump heating and ceiling fan(s), central air, electric cooling.

Is 1005 Challenger, Lakeway TX 78734 in a MUD?

Yes. The listing reports water or sewer service from a Municipal Utility District (MUD) at 1005 Challenger, Lakeway TX 78734. A MUD adds its own tax rate to the property tax bill.

What are the roof and foundation at 1005 Challenger, Lakeway TX 78734?

The listing reports a composition, shingle roof and a slab foundation at 1005 Challenger, Lakeway TX 78734.

What financing does the seller of 1005 Challenger, Lakeway TX 78734 accept?

The listing says the seller accepts cash, conventional financing.

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