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Lake Travis ISD Sells 17 Acres Behind Lakeway Elementary — What Neighbors Need to Know

Home › Lakeway TX › LTISD Land Sale — Lakeway TX
Infrastructure Update
Lakeway TX — 2026

Lake Travis ISD Sells 17 Acres Behind Lakeway Elementary — What Neighbors Need to Know

LTISD authorized the $5.3M sale of a 17-acre surplus tract at 1701 Lohmans Crossing Road on April 15. What will be built there, and what does it mean for nearby Lakeway properties?

Tammy Davison
Tammy Davison
REALTOR®  ·  Realty Austin | Compass RE Texas  ·  Published June

Ask About the LTISD Land Sale Impact →

Direct Answer

What is the LTISD 17-acre land sale behind Lakeway Elementary and what will be built there?

Specifically, the Lake Travis ISD board authorized the sale of a 17-acre vacant parcel at 1701 Lohmans Crossing Road — behind Lakeway Elementary — for $5.3M on April 15, 2026. Previously, the district declared the land surplus in November 2025. However, the district has not named the buyer, and the planned use is still unknown. For nearby homeowners and buyers, the key near-term question is what the buyer plans to build on the site.

In addition, the LTISD land sale is the first significant district-owned property transaction in recent years and reflects the district’s strategic management of its balance sheet as growth costs increase. As a result, for buyers near Lohmans Crossing Road, it is a community development story to follow.

LTISD land sale — key facts

Location 1701 Lohmans Crossing Road, Lakeway — directly behind Lakeway Elementary
Size 17 acres of vacant land
Sale price $5.3M — authorized via letter of intent April 15, 2026
Proceeds To support LTISD district operations and strategic financial resources
Buyer Not yet publicly announced
Future use To be determined by buyer and subject to Lakeway city approval

Frequently asked questions

Will the LTISD land sale affect my child’s school assignment?

No. The land sale involves surplus district property and does not affect school boundaries, campus assignments, or LTISD operations.

What could be built on the LTISD 17-acre tract?

The 17 acres at 1701 Lohmans Crossing Road is subject to Lakeway city zoning and permitting. For example, possible uses include residential development, mixed-use, or commercial depending on city approval. As of April 2026, the district had not announced the buyer or the planned use.

Does the LTISD land sale affect nearby property values?

Ultimately, the impact depends on what the buyer builds. In general, residential development on the tract would likely be neutral to positive. In contrast, buyers would need to weigh higher-density or commercial plans against specific project details. Monitor Lakeway city permit filings for 1701 Lohmans Crossing Road.

The LTISD 17-acre land sale is a property transaction today and potentially a neighborhood development story tomorrow. Buyers near Lakeway Elementary on Lohmans Crossing Road should track this development — the buyer and the Lakeway city approval process will decide the tract’s future use in the months ahead. Lake Travis ISD earned an overall A in the state’s 2024–2025 accountability ratings, according to Texas Tribune school data.

The LTISD land sale is currently a financial management story — but what gets built behind Lakeway Elementary will make it a neighborhood story too.

Tammy Davison — REALTOR® | Realty Austin | Compass RE Texas
512.888.8161  ·
Lakeway TX Hub
Tammy Davison Tammy DavisonREALTOR®  ·  Realty Austin | Compass RE Texas

Ask About Lakeway Community Development →

Similarly, you may find Lake Travis ISD Sells 17-Acre Tract Near Lakeway helpful.

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