tomo logo

$1,550,000

Beds
5
Baths
5.0
sq ft
4,523

806 Electra, Lakeway, TX 78734

806 Electra

Lakeway, TX 78734

  • <1 day on market
Enjoy the best of Hill Country living in Austin with the savvy bonus of ultra-low tax rate (1.30%), $0 HOA dues, city sewer no septic, and incredible community access throughout the year like the Trail of Lights. In the heart of Old Lakeway, this residence combines modern luxury with the warmth of Hill Country. Spanning 4,523 sq ft including 5 bedrooms and 4 full + 2 half baths, with another 900 sq ft of covered outdoor living space, this custom home is ready to accommodate an extensive guest list. Current owners invested $400k in upgrades to make this turnkey property stunning from end to end. A culinary haven with top-of-the-line Wolf and Subzero appliances awaits in the chef's kitchen. Enjoy privacy in the gorgeous backyard oasis with a gated pool + hot tub, two expansive covered patios, beautiful landscaping and outdoor lighting, an outdoor fireplace, pergola, and grill underneath a pavilion with a beverage fridge and bar, the perfect setting for outdoor dining and entertaining under the Texas sky. High end finishes throughout the home include 8' tall custom interior doors, a soaring living room and home entry, lux lighting fixtures and a comprehensive suite of smart home upgrades. Gigantic 3-car garage. Upstairs features two bedrooms with an adjoining bathroom, loft, game room, media room, gym, and ample storage not counted in sq ft. The owners' suite offers everything you need for a peaceful retreat with vaulted ceilings, large walk-in closet, and a spa-inspired master bath featuring honey onyx and travertine. A private guest suite with its own entrance offers exclusivity for visitors. Plantation shutters throughout provide beauty, privacy and energy efficiency. Just steps from the Hamilton Greenbelt and Lake Travis, this home offers the best of nature with convenient access to all that Austin has to offer. A golf cart community located 2 miles from the Lakeway Resort & Spa, less than 2 miles from The Hills Country Club. Exemplary schools in Lake Travis ISD.

Details

Property type

Single Family Residence

Est. home value

$1,416,655

Property condition

Updated/Remodeled

Lot size

0.415 acres

Price per sq ft

$343

Year built

2005

Annual property taxes

$23,402.06

HOA

No

Price History

03/15/2025
Austin

Austin #9660369

Listed
$1,550,000
05/09/2024
Austin

Austin #7816140

Removed
04/04/2024
Austin

Austin #7816140

Listed
$1,650,000

Schools & Community

Elementary school: 

Serene Hills

Middle school: 

Hudson Bend

High school: 

Lake Travis

Community features: 

Golf, Lake, Park

High school district: 

Lake Travis ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$801,914
Asking price
$1,550,000
Closing costs (~8% of asking)
-$124,000
Est. remaining loan balance
-$624,086
Cash to seller
$801,914

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Commerce Bank

Loan start date

November 2021

Original loan amount

$775,500

Est. remaining balance

$624,086

Interest rate

2.15%

Loan type

New Conventional, 15 year

Seller

Thomas Alan Hermes and Nicole Hermes

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/15/2025 at 7:05 PM

Listing updated: 03/15/2025 at 1:59 PM

Listed by: Tom Hermes, JPAR Austin Phone #: (800) 683-5651

MLS: Austin #9660369

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