5 Water Front Ave, Lakeway TX 78734
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About This Property
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.
Property Highlights
Features
- 2 Primary Suites
- Bar
- Bookcases
- Built-in Features
- Ceiling Fan(s)
- High Ceilings
- Central Vacuum
- Granite Counters
- Crown Molding
- Double Vanity
- Entrance Foyer
- French Doors
- Kitchen Island
- Multiple Dining Areas
- Multiple Living Areas
- Pantry
- Primary Bedroom on Main
- Storage
- Study/Home Office
- Walk-In Closet(s)
- Wet Bar
Location
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Schools
Property Details
Parking
HOA & Community
Tax Information
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Estimate your monthly payment (PITI)
* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $2,000/annually.
Listing History
| Mar 20, 2026 | Listed | Listing Courtesy of Moreland Properties - hannah@moreland.com | $3,950,000 |
Frequently Asked Questions About 5 Water Front Ave, Lakeway TX 78734
When was 5 Water Front Ave, Lakeway TX 78734 built?
5 Water Front Ave, Lakeway TX 78734 was built in 2002.
How much does 5 Water Front Ave, Lakeway TX 78734 cost?
5 Water Front Ave, Lakeway TX 78734 is listed for sale at $3,950,000. That is $750 per square foot.
How many bedrooms and bathrooms does 5 Water Front Ave, Lakeway TX 78734 have?
5 Water Front Ave, Lakeway TX 78734 has 4 bedrooms and 6 bathrooms (4 full, 2 half) with 5,270 square feet of living space.
What school district is 5 Water Front Ave, Lakeway TX 78734 in?
5 Water Front Ave, Lakeway TX 78734 is in the Lake Travis ISD school district. Assigned schools include Serene Hills (elementary), Hudson Bend (middle), Lake Travis (high school).
Does 5 Water Front Ave, Lakeway TX 78734 have an HOA?
Yes, 5 Water Front Ave, Lakeway TX 78734 has an HOA fee of $2,000 per annually. The HOA includes common area maintenance, security.
What are the property taxes on 5 Water Front Ave, Lakeway TX 78734?
The annual property taxes on 5 Water Front Ave, Lakeway TX 78734 are $53,226 (as of 2025).
How big is the lot at 5 Water Front Ave, Lakeway TX 78734?
The lot at 5 Water Front Ave, Lakeway TX 78734 is 2.002 acres, and the home has 5,270 square feet of living space.
What type of property is 5 Water Front Ave, Lakeway TX 78734?
5 Water Front Ave, Lakeway TX 78734 is a residential property.
Does 5 Water Front Ave, Lakeway TX 78734 have a garage?
Yes, 5 Water Front Ave, Lakeway TX 78734 has a 3-car garage.
Does 5 Water Front Ave, Lakeway TX 78734 have a pool?
Yes, 5 Water Front Ave, Lakeway TX 78734 has a pool. Pool features include in ground, infinity, outdoor pool, waterfall.
Is 5 Water Front Ave, Lakeway TX 78734 waterfront?
Yes, 5 Water Front Ave, Lakeway TX 78734 is a waterfront property on Lake Travis. Waterfront features include lake front, waterfront.
What subdivision is 5 Water Front Ave, Lakeway TX 78734 in?
5 Water Front Ave, Lakeway TX 78734 is located in the Lakeway subdivision in Lakeway, TX.
What heating and cooling does 5 Water Front Ave, Lakeway TX 78734 have?
5 Water Front Ave, Lakeway TX 78734 has central heating and central air cooling.
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