ActiveResidential · sale

1005 Challenger None

Lakeway, TX 78734

$2,550,000

  • 5 beds
  • 5 baths
  • 4,172 sq ft
  • 0.6 acres
  • Built 1982

Listed by Moreland Properties · MLS #ACT5859832

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Walls of updated windows capture expansive Lake Travis views, while the open-concept living area features a fireplace and opens to a large covered balcony overlooking the water.

Year built

Built in 1982.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Your next chapter could start right here on the lake! With Lake Travis full & the water at your backyard, 1005 Challenger offers the unique opportunity to make lake living part of everyday life. Whether you’re looking for a full-time home, a weekend escape, or a place where family & friends can gather, this thoughtfully renovated & expanded close-in Lakeway home offers 5 bedrooms, 4.5 baths, and a flexible layout designed for life at the lake. While it may feel like a true lake escape, you’re only about 8 minutes from the heart of Lakeway + FM 620. Morning coffee overlooking Lake Travis. Walls of updated windows capture expansive Lake Travis views, while the open-concept living area features a fireplace and opens to a large covered balcony overlooking the water. The gourmet kitchen shares those beautiful views & features a large granite island, a built-in stainless-steel refrigerator, Viking gas range, dual ovens, Bosch dishwasher & a bar with built-in ice maker + sink. The lake-view primary suite features hardwood floors & a spa-like bath with a jetted tub, separate walk-in shower & dual walk-in closets. The practical floor plan allows for comfortable main-level living, while the lower level provides plenty of space for family & guests. An oversized en-suite bedroom with built-ins offers options as a large home office or flex space. Outside, an upgraded private tram takes you right to your 2022-built covered boat dock with a high-end HydroHoist boat lift, boat slip, storage closet, and generous entertaining space. The no-wake area offers a more relaxed setting for docking, floating, fishing & fun. A 2-car garage & abundant parking make hosting easy. For golf enthusiasts-- multiple public & private courses are nearby. Afternoons on the boat. A round of golf. Sunset dinners on the balcony. Weekends when everyone has a reason to come together. If you’ve been waiting for the right time to start your next chapter at the lake, 1005 Challenger is the place to begin it.

THE NEIGHBORHOOD

Explore the location.

1005 Challenger None, Lakeway, TX 78734

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LOCAL MARKET CONTEXT

Travis County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$505,893Down 1.5% vs. the previous 12 months
Months of supply5.612-month average
Days on market8412-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1982
Full baths
4
Half baths
1
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric, Heat Pump
Appliances
See Remarks, Built-In Electric Oven, Built-In Refrigerator, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Gas Cooktop, Gas Range, Ice Maker, Microwave, Oven, Electric Oven, Gas Oven, Double Oven, Plumbed For Ice Maker, Range, RNGHD, Refrigerator, Stainless Steel Appliance(s), Trash Compactor, Vented Exhaust Fan, Electric Water Heater
Flooring
Carpet, Stone, Wood
Fencing
Front Yard, Wrought Iron
Accessibility
None
Pool features
None
Subdivision
Lakeway
Parcel
01437802010000
Elementary school
Serene Hills
Middle school
Hudson Bend
High school
Lake Travis
Annual property tax
$30,116.20

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$5,172.40
Estimated monthly rent$10,625.00
Cap rate2.68%

Annual operating income: $68,443.80

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1005 Challenger None, Lakeway, TX 78734 · MLS #ACT5859832

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Listing information

MLS #ACT5859832 · Austin Board of Realtors

Listing brokerage: Moreland Properties
Listing agent: Allison Olson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.