$1,050,000

Property Overview

This exceptional Lakeway residence on Palos Verdes Drive captures the essence of Hill Country lakeside living with thoughtful design and unobstructed greenbelt views. Built in 2012, the 3,744-square-foot home centers around a light-filled kitchen that flows seamlessly into living spaces anchored by a dramatic floor-to-ceiling stone fireplace, with a private balcony extending into the manicured grounds. The main house offers three bedrooms and three bathrooms, including two primary suites with dual vanities, soaking tubs, separate showers, and walk-in closets—perfect for guests or extended family.

The property's standout feature is its separate casita with an additional bedroom and full bath, adding flexibility for rental potential or multigenerational living. A lower-level recreation area with covered patio opens directly onto the backyard, which backs to the pristine Hamilton Greenbelt for maximum privacy and nature access. An oversized garage provides abundant storage, while proximity to Lake Travis marina, resort-style golf courses, and waterfront dining establishes this location as one of Austin's premier resort communities. Positioned at $280 per square foot—nine percent below neighborhood averages—this Lakeway gem offers exceptional value.

Vox Residential Insight

The Hamilton Greenbelt backing is a true gem in Lakeway, and combined with the separate casita, this property hits multiple buyer profiles at once—whether someone wants a luxury home with guest space or an investment with rental upside. At the current pricing, Vox Residential sees this as a strong entry point for buyers seeking the Lake Travis lifestyle without the premium attached to newer construction or waterfront lots.

Agent Description

Located on one of Old Lakeway's most beautiful streets and backing up to the Hamilton Greenbelt, this home is move in ready! 3 bedrooms, 3 bathrooms in the main house with an additional bedroom and bath in the separate casita. The spacious kitchen is light, bright, and open to the main living area, which features a floor-to-ceiling stone fireplace and a private balcony all overlooking the backyard and greenbelt. There are two primary suites, each with a separate tub, shower, and large walk-in closet. There's an additional living area on the lower level with a large covered patio leading to the backyard and greenbelt. The garage is oversized, allowing for plenty of storage. Located in the highly acclaimed Lake Travis school district. Minutes to shops, restaurants, golf, tennis, boating, and so much more.

Neighborhood: Lakeway

This property is located in Lakeway, Austin, TX. The area is known for Lake Travis Living, Marina Access, Golf Courses, Waterfront Dining, Resort Lifestyle.

At $280/sqft, this listing is priced 6% below the Lakeway median of $297/sqft.

Property Details

Listing data last updated: May 19, 2026

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