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FOR SALE
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$699,000

Reduced $26K

206 Phlox DR, Lakeway, TX 78734

Est. Mortgage $3,759/mo

3

beds

3

baths

2,232

sqft

0.31

acres

Single Family Residence
Built in 1994
0.31 Acre Lot
2,232 sqft
$313/sqft
Request property documents
OVERVIEW

About this home

PRICE IMPROVEMENT! Nestled on a quiet cul-de-sac beneath a canopy of majestic live oaks, this exceptional Lakeway retreat offers the perfect blend of privacy, comfort, and Hill Country charm. Thoughtfully updated and lovingly enhanced by owners who intended this to be their forever home, every space has been carefully maintained and improved for both everyday living and effortless entertaining. This single-story home features wood flooring, spacious living areas, abundant natural light, and an open-concept layout designed for today’s lifestyle. The updated kitchen is the heart of the home with granite countertops, subway tile backsplash, gas cooking, breakfast bar seating, and seamless flow into the dining and living spaces. The private owner’s suite is a true sanctuary with soaring ceilings, dual vanities, a deep soaking tub, separate shower, oversized walk-in closet, and direct access to a secluded courtyard—perfect for a hot tub, morning coffee, or peaceful evening retreat. Outdoor living shines with a large covered patio, expansive deck, and stunning wood-burning stone fireplace creating the ultimate setting for gathering with family and friends year-round. Situated on a generously sized lot with room for a pool, gardens, or additional outdoor amenities, the property offers both privacy and endless possibilities. Additional highlights include updated windows, updated fencing, propane for cooking and heating, an oversized two-car garage with abundant storage, and an extended driveway with ample parking. Ideally located within walking distance to Lakeway City Park, Lake Travis, Crosswater Marina, Hamilton Greenbelt trails, and scenic hiking and biking paths. Located in highly acclaimed Lake Travis ISD, this rare Lakeway gem offers the lifestyle buyers dream about—peaceful, private, and close to everything that makes Lakeway one of the most sought-after communities on Lake Travis.

Listings checked every few minutes. MLS# 4568294 was Last Updated: 09-18-2026.

Listed by Christies Intl Real Estate Lone Star (512) 270-8586

Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

More homes for sale in South Lake Travis

See all homes for sale in South Lake Travis

What is the South Lake Travis neighborhood like?

South Lake Travis covers the southern shore of Lake Travis on the western edge of the Lakeway area in western Travis County. Lake Travis is a Highland Lakes reservoir on the Colorado River, impounded by Mansfield Dam and managed by the Lower Colorado River Authority; it covers about 19,000 acres at full pool, runs roughly 64 miles upriver, and has about 270 miles of shoreline. Housing along this stretch of the shore ranges from 1970s-to-1990s homes on and around Lakeway Drive with mature landscaping to later construction in The Hills of Lakeway. Waterfront and near-waterfront lots, boat docks and marina access define the area's housing stock.

Explore South Lake Travis

What employers are near 206 Phlox DR?

  • Lake Travis Independent School District (Education)
  • Baylor Scott & White Medical Center - Lakeway (Healthcare)
  • Lakeway Resort and Spa (Hospitality)

How does this property compare to others in South Lake Travis?

206 Phlox DR is listed at $699K vs. the $897K median in South Lake Travis. The neighborhood average is $354/sqft. Homes in South Lake Travis average 59 days on market.

MetricSouth Lake Travis
Median List Price$897K
Median Sold Price$790K
Average Days on Market59
Average Price per Sqft$354
Active Listings219

Market data as of September 2026.

Frequently Asked Questions

How much is 206 Phlox DR?

206 Phlox DR is listed for $699,000. It features 3 bedrooms, 3 bathrooms, 2,232 square feet, 0.3098 acres. Built in 1994.

What neighborhood is 206 Phlox DR in?

206 Phlox DR is located in the South Lake Travis neighborhood of Lakeway, Texas.

How does 206 Phlox DR compare to other homes in South Lake Travis?

The asking price of $699,000 is 22.1% lower than the median home price of $897K in South Lake Travis. At $313/sqft, it compares to the neighborhood average of $354/sqft.

What are the details of 206 Phlox DR?

206 Phlox DR was built in 1994, and sits on 0.3098 acres of land, and is a single family residence style home.