
Rare opportunity in Steiner Ranch! Located in a gated community on a private .54-acre lot, this exceptional property offers something almost impossible to find in Steiner Ranch at this price— a stunning detached guest house with 1,239 square feet of living space. Perfect for multigenerational living, long-term guests, a private office, or a creative studio, the guest house features its own living area with custom built-ins, Huge living area, kitchen, spacious private bedroom, full bathroom, storage space, covered porch, and walls of windows overlooking the resort-style backyard. It feels like a home of its own and adds incredible flexibility and value to the property. The custom main home offers approximately 4,246 square feet with 5 bedrooms, 5 bathrooms, a dedicated office, game room, and media room. Designer details are showcased throughout including a chef-inspired kitchen, custom lighting, built-ins, designer wallpaper, real wood flooring, designer carpet, and an impressive custom designed primary suite closet. The oversized 3-car garage includes additional air-conditioned flex space ideal for storage, a workshop, gym, or hobby area. Outside, enjoy a true backyard retreat with a covered patio and built-in outdoor kitchen, fireplace, large swimming pool with diving board, hot tub, fire pit area, and mature heritage oak trees creating a private park-like setting. Properties with this level of space, versatility, and a fully functional guest house are exceptionally rare in Steiner Ranch.
Property Type
Residential
Year Built
2011
Lot Size
0.54 acres
$/Sq Ft
$363
HOA
$1018/mo
Garage
6 spaces
Pool
Yes
Listed by Avalar Austin
Verified property facts
1005 Lakewood Hills TER is listed at $1,990,000 with 6 bedrooms, 4 full, 2 half bathrooms, 5,485 square feet, 0.54-acre lot. This places it above the 78732 median of $830,000.
1005 Lakewood Hills TER is zoned for Leander ISD with assigned schools: River Ridge (elementary), Canyon Ridge (middle), Vandegrift (high). School assignments should be verified directly with the district.
1005 Lakewood Hills TER is in Steiner Ranch, Austin, Texas. See the full [Steiner Ranch neighborhood guide](/neighborhoods/steiner-ranch-austin) for market data, schools, and lifestyle details.
1005 Lakewood Hills TER is a Residential built in 2011 featuring 6 bedrooms, 4 full, 2 half bathrooms, 5,485 square feet, 0.54-acre lot.
1005 Lakewood Hills TER is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-28.7% | — | $1,500,000 | — | — |
2024+3.8% | — | $2,103,433 | $440,000 | $1,403,463 |
2023+63.0% | — | $2,026,887 | $480,000 | $1,623,433 |
2022 | — | $1,243,221 | $420,000 | $1,606,887 |

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($398K)
$1,990,000
Luxury property intelligence
A sourced read on Steiner Ranch pricing, timing, and property scale. No automated valuation claim.
List price
$1,990,000
Price per sqft
$363/sqft
Vs. Steiner Ranch median
+148.9%
$799.5K median
Days on market
32 days
Original to current
No verified reduction
$2M original
Active inventory context
35 listings
Price Position in Steiner Ranch
Listed 149% above the Steiner Ranch median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 26, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
1005 Lakewood Hills TER is priced at $363 per square foot across 5,485 sqft. The Steiner Ranch median list price is $799,500.
The most recent annual property tax for 1005 Lakewood Hills TER is $26,449. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($398,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1005 Lakewood Hills TER is around $12,530 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,990,000, 1005 Lakewood Hills TER is in the Steiner Ranch market where there are currently 93 active listings in 78732. The Keenan Group has completed 5 transactions in 78732 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Steiner Ranch guide](/neighborhoods/steiner-ranch-austin).
1005 Lakewood Hills TER includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
1005 Lakewood Hills TER is part of a managed community with HOA dues of $1,018 semi-annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Steiner Ranch is one of Austin's established neighborhoods, zoned for Leander ISD in the 78732 area. The Keenan Group has specialized in Steiner Ranch real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
6 events on record
Current Price
$1,990,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-28.7% | — | $1,500,000 | — | — |
2024+3.8% | — | $2,103,433 | $440,000 | $1,403,463 |
2023+63.0% | — | $2,026,887 | $480,000 | $1,623,433 |
2022 | — | $1,243,221 | $420,000 | $1,606,887 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
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Neighborhood guide and local insights
Steiner Ranch is a 4,600-acre master-planned community in 78732, built along the bluffs above Lake Austin and Lake Travis. Median home price $800K. Leander ISD schools (Laura Bush Elementary, Canyon Ridge Middle, Vandegrift High), three resort-style community pools, 20+ miles of trails, and private Lake Austin access via the Lake Club. Around 6,500 homes across multiple sections, built from the late 1990s through today. Housing ranges from $500K townhomes to $2M+ estates backing to the UT Golf Club (Roy Bechtol championship course, 7,412 yards). The community is fully built out in most sections, with limited new construction remaining. Daily life revolves around being outside. Trail runners hit J Canyon and Powerline Hill loops before work. The Lake Club gives residents private boat launch access with eleven day-use docks on Lake Austin. Lake Travis is five minutes from the community entrance. Steiner Ranch Steakhouse — panoramic lake views, live music seven nights a week — is the social center. What makes Steiner Ranch the value play for lake-adjacent living: resort-level amenities at a fraction of Lake Austin waterfront pricing, strong schools, and a community infrastructure (pools, trails, golf, lake access) that most master-planned developments can't match. The tradeoff is the 620 commute — 25-35 minutes to downtown depending on traffic.
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