3 bed, 2 bath, 2,025 sqft on 0.31 acres in Hills of Lakeway. Lakeway, TX 78738. $619,000. Lake Travis ISD.
About This Home
Single-story living in old Lakeway, set on a level 0.31-acre homesite with no neighbors directly behind and generous space between homes — a combination that is increasingly hard to find this close to Lake Travis. Positioned on a quiet street near the World of Tennis, the Lakeway golf clubs, and Serene Hills Elementary, 109 Schooner Drive pairs an established, low-density neighborhood with the room to make a home your own. A covered front porch with cedar posts and Austin stone sets the tone, opening to a cathedral ceiling that lifts the main living area, where a floor-to-ceiling white stone, wood-burning fireplace sits framed by tall arched windows, a built-in dry bar makes entertaining easy, and new wood-look luxury vinyl plank flooring runs throughout. The open island kitchen offers tile counters, a downdraft electric cooktop, a built-in oven and microwave, a stainless steel refrigerator, and an eat-in space that connects to both the dining room and a second living area — two distinct places to gather. The main-level primary suite carries a tray ceiling, private patio access, a walk-in closet, and a granite double-vanity bath with a separate shower and soaking tub. Two additional bedrooms and a versatile flex space round out a 3-bedroom, 2-bath layout that lives large, and fresh paint, new carpet, and updated lighting have the home ready today. Outside is where the lot earns its keep: a wide, level backyard edged by mature oaks and stone retaining walls, a covered patio and a wood deck for unhurried Hill Country evenings, and enough open ground to add a future pool, sport court, or pickleball court. A durable metal roof, public sewer connection, a low 1.85 tax rate, and no HOA make ownership refreshingly simple. All of it falls within Lake Travis ISD, minutes from the marinas, waterfront dining, and lake recreation that define everyday life on Lake Travis. Schedule a private showing to walk the lot and see what single-story living in Lakeway can be.
The Hills of Lakeway is one of the few communities in the Lake Travis corridor where you can play 36 holes on two separate courses without leaving the neighborhood gates. That fact tells you about the scale of this place and the kind of life people build here. The community wraps around the Hills Country Club and Flintrock Falls Golf Club, and daily life syncs to tee times and school calendars in roughly equal measure.
The Hills sits along Lakeway Boulevard in the western arc of Lake Travis. From the main gate, you are about 25 minutes to downtown Austin via Highway 71 and MoPac, though most residents run errands in the Bee Cave and Lakeway corridor, five minutes away. The 78734 zip code covers this stretch. Access to Lake Travis boat ramps at Mansfield Dam is about ten minutes, and Austin-Bergstrom airport is a 35-minute drive.
Housing reflects three decades of building, with original sections dating to the late 1980s and newer custom homes going up through the 2010s. Texas Hill Country architecture dominates at roughly 35 percent, with limestone facades, metal roofing accents, and deep covered porches. Mediterranean homes with stucco and clay tile make up about 25 percent, and transitional contemporary designs account for another 20 percent. Lot sizes range from a quarter acre in the townhome sections to over an acre on the golf course perimeter. Prices run from the mid-$500s for patio homes to over $2 million for custom builds with golf course or canyon views.
Lake Travis ISD serves the Hills, and families here attend Bee Cave Elementary, Lake Travis Middle School, and Lake Travis High School. Lake Travis High has built a strong reputation in academics and athletics, with multiple state football championships. The district ranks among the top in the Austin metro for test scores and college readiness. Several private options are within driving distance, but most families here chose the address specifically for Lake Travis ISD.
Daily life revolves around club amenities and the outdoors. The World of Tennis facility offers indoor and outdoor courts, fitness classes, and a social calendar. Golf carts are common on internal roads, ferrying residents between the clubhouse, pool, and driveways. SP Brazilian Steakhouse in Bee Cave handles special occasion meals. Canyon Grille serves solid American fare with lake views. The Grove Wine Bar is a weeknight favorite, and Cafe Blue covers seafood. Steiner Ranch Steakhouse rounds out options ten minutes north. Weekends involve Hamilton Greenbelt hikes, Canyonlands Nature Preserve trails, or the easy loop at Lakeway City Park Trail.
Within the corridor, the Hills is more established and golf-centric than Rough Hollow or Serene Hills, which lean toward resort-and-marina or green-space lifestyles. Compared to Lakeway proper outside the gates, the Hills offers guard-gated privacy with dedicated amenities. You will pay less per square foot than custom cliff-side homes along Comanche Trail, but more than production builds in Bee Cave's newer subdivisions.
The Hills works best for families wanting Lake Travis ISD, club amenities they will actually use, and a routine that avoids Austin traffic. Retirees who play golf several times a week find the lifestyle hard to beat, and townhomes offer low-maintenance options. If your weekends involve lake mornings and afternoon rounds, and weeknights mean walking the dog while golf carts hum past, this fits. It is not the flashiest Lake Travis address, but people here chose it for exactly that reason.
School District: Lake Travis ISD
View Hills of Lakeway neighborhood guide- Property Type
- Residential
- Year Built
- 1988
- Lot Size
- 0.31 acres
- Price / Sq Ft
- $306
- Garage
- 2 spaces
Listing information last updated October 3, 2026.
Listed by eXp Realty, LLC
MLS# 2901028 • Active Under Contract
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Built-in Features
- Ceiling Fan(s)
- Cathedral Ceiling(s)
- Ceiling-High
- Tray Ceiling(s)
- Chandelier
- Granite Counters
- Tile Counters
- Double Vanity
- Eat-in Kitchen
- High Speed Internet
- Multiple Living Areas
- Open Floorplan
- Primary Bedroom on Main
- Walk-In Closet(s)
- Wired for Data
- Built-In Electric Oven
- Dishwasher
- Disposal
- Down Draft
- Electric Cooktop
- Microwave
- Free-Standing Refrigerator
- Electric Water Heater
- Carpet
- Tile
- Vinyl
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
- Fireplaces
- 1
Exterior & Lot
- Private Yard
- Cedar
- Concrete
- Frame
- Glass
- Attic
- Crawl Hatchway(s) Insulated
- Wood Siding
- Stone
- Back Yard
- Close to Clubhouse
- Front Yard
- Interior Lot
- Landscaped
- Level
- Near Golf Course
- Sprinkler - Automatic
- Trees-Moderate
- Fenced
- Partial
- Perimeter
- Slab
- Covered
- Front Porch
- Patio
- Rear Porch
- Roof
- Metal
- Lot Size
- 0.31 Acres
- Aggregate
- Attached
- Door-Single
- Driveway
- Garage
- Garage Door Opener
- Garage Faces Side
- Inside Entrance
- Kitchen Level
- Oversized
- Garage Spaces
- 2
Financial
- Original List Price
- $619,000
- Price per Sq Ft
- $306
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Not Available
- Phone Available
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 109 Schooner DR, whoever represented it.
- Active Under ContractListed 2026Current price: $619,000Original list: $619,000MLS 2901028
- Listed · July 31, 2026$619,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Active Under Contract with current price, original ask, and market time.
- Current list
- $619,000
- Original list
- $619,000
- Price movement
- No verified reduction
- Listed / DOM
- Jul 31, 2026 · 56 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $640,970
- Assessment Year
- 2025
- Year Built
- 1988
- Parcel ID
- 000000135495
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+5.6% | — | $640,970 | — | — |
2024-15.7% | — | $607,000 | $200,000 | $485,000 |
2023+59.9% | — | $720,355 | $200,000 | $504,589 |
2022+6.7% | — | $450,422 | $200,000 | $520,355 |
2021 | — | $422,306 | $90,000 | $360,422 |
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Zoned Schools
Lake Travis
Hudson Bend
Serene Hills
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($124K)
Adjustable assumption - not a lending recommendation.
$619,000
Luxury property intelligence
Keenan Market Position
A sourced read on Hills of Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$619,000
Price per sqft
$306/sqft
Vs. Neighborhood guide reference price
-34.8%
$950K · Hills of Lakeway neighborhood guide · reference price
Days on market
56 days
Original to current
No verified reduction
$619K original
Active inventory context
14 listings
Price Position in Hills of Lakeway
Listed 35% below the Hills of Lakeway neighborhood guide reference price. Hills of Lakeway neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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