1005 Lakewood Hills Ter, Austin, TX 78732

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 or ADU 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. This property is perfect for multigenerational living or someone needing an ADU (Accessory Dwelling Unit), Mother-in-law suite, guest house, casita, or a detached area for work purposes.

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.