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?
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Tammy Davison
REALTOR® · Realty Austin | Compass RE Texas · Published June
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Direct Answer
What is the LTISD 17-acre land sale behind Lakeway Elementary and what will be built there? 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. The land was declared surplus in November 2025. The buyer has not been publicly announced, and the planned use is not yet known. For nearby homeowners and buyers, the key near-term question is what development is planned for the site.
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. For buyers near Lohmans Crossing Road, it is a community development story to follow. LTISD land sale — key facts
Frequently asked questions
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 future use of the tract will be determined by the buyer and the Lakeway city approval process in the months ahead. The LTISD land sale is currently a financial management story — but what gets built behind Lakeway Elementary will make it a neighborhood story too. |
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