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$618,000

NAL Estimated Property Value

120 Royal Oak Ln, Lakeway, TX, 78734

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,115 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$295.51 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Cooktop, Electric Oven
FlooringTile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size12,645 sqft

Building Information

Year Built1985
Stories1
Roof Type104
Garage Spaces2

Land Information

APN01377303360000
Lot Number2494
SubdivisionLakeway Sec 22
Land UseResidential
Legal DescriptionLOT 2494 LAKEWAY SEC 22
Census Tract033600
Assessed Land Value$219,025
Assessed Improvement Value$274,296
Assessment Year2025

About this property

Nestled on arguably one of the most desirable streets in Lakeway, 120 Royal Oak offers a rare opportunity to enjoy timeless architecture, mature oak trees, and a peaceful setting on nearly a third of an acre. The shaded lot and inviting curb appeal set the tone for a home that feels both private and welcoming from the moment you arrive. Inside, a generous living room is filled with natural light and character, featuring beautiful arches, plantation shutters, and a fireplace that anchors the space. Doors lead to an extended back deck overlooking a serene, tree-filled backyard, perfect for relaxing, entertaining, or simply enjoying the quiet surroundings. A formal dining room overlooking a front courtyard provides an elegant setting for gatherings, while the spacious kitchen offers an island, abundant storage, and an eat-in breakfast nook for everyday living. The primary suite is a light and bright retreat with vaulted ceilings and private access to a second deck. The ensuite bath features a soaking tub, dual vanities, and a large walk-in closet. Two generously sized secondary bedrooms and a full bath complete the living quarters. Abundant storage throughout, a laundry room with sink, an oversized two-car garage with golf cart storage, and a large driveway add to the home’s comfort and functionality. Lakeway offers an exceptional lifestyle as a lakefront city known for its parks, marina, trails, and vibrant community amenities. Residents enjoy playgrounds, tennis courts, sand volleyball, dog park, community center, and a pool complex, along with miles of scenic hiking trails including the Hamilton Greenbelt and Lakeway City Park. Nearby restaurants and shops provide convenient options for everyday living. Whether you choose to enjoy the beautiful home as-is or bring your vision to life with a thoughtful remodel, this property presents an exceptional opportunity in one of Lakeway’s most sought-after locations.

Investor Tools

Property Icon
$618,000
Estimated Property Value
$0Estimated Mortgage Balance
$618,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,050/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,506
$493,321
2025
$219,025
$274,296
$493,321
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,506
$493,321

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$618,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
N/A
+$2,880/mo
5.6%

City: Lakeway

120 Royal Oak Ln | Property Details | No Agent List