111 Vailco Ln, Austin, TX 78738

This home has a 5.25% VA ASSUMABLE MORTGAGE! Only 7% Down with P&I of $9718! No PMI. Closing costs are 1/2% Funding fee and a $500 underwriting fee. This is a Certified Pre-Owned home, which includes a completed pre-inspection, home warranty, and full documentation package. THE RIDGE AT ALTA VISTA | Lakeway Luxury Estate | Golden-Cheeked Warbler Preserve Views | Walk-Out Basement | Heated Pool & Spa | Smart Home | Luxury awaits in this extraordinary estate backing to the protected Golden-Cheeked Warbler Preserve in exclusive Lakeway. Enter through the grand entrance to discover a two-story wall of windows framing acres of pristine, protected nature. New carpet throughout, hardwood floors, and elegant hardwood stairs welcome you. The main level showcases high ceilings and a gas fireplace in the family room, while the gourmet kitchen flows seamlessly for everyday living and grand entertaining. The walk-out basement is a masterpiece in stonework, featuring a private theater, full kitchen, guest suite with bathroom, game room with pool table, dedicated office, and versatile multi-purpose room ideal for wine cellar, fitness center, or secure vault. Abundant natural light floods every corner of this home, and you won't believe the amount of storage space throughout. Step outside to your resort-style retreat. The heated in-ground pool and hot tub anchor a backyard oasis complete with pool cabana featuring gas and wood-burning fireplaces, outdoor kitchen, and intimate fireplace seating. MosquitoNix system ensures comfortable outdoor living year-round. Extensive recent upgrades include new roof with Malarkey Vista Class 4 shingles, new HVAC system, dual new water heaters, heat pump furnace, landscape lighting, and serviced reverse osmosis water system. Amenities include basketball court, clubhouse, fitness center, pickleball and tennis courts, playground, and community pool.

At 111 Vailco Lane in Austin, you're looking at a 6,947 square foot lakeside estate on 0.3649 acres with a financing advantage most buyers never find: an assumable VA mortgage at 5.25% with only 7% down required and no PMI. The home sits in the Lake Travis ISD boundaries, with Lakeway Elementary, Hudson Bend Middle, and Lake Travis High serving the neighborhood. Built in 2007 and positioned at $1.85M, this property delivers $266 per square foot in one of Austin's most sought after master-planned communities.

The interior flow is designed around connection between spaces. The main level opens with a two-story wall of windows facing the Golden-Cheeked Warbler Preserve, a protected natural area that creates an unobstructed backdrop. The kitchen features granite counters, a gas cooktop, double ovens, and a wine refrigerator, anchoring an open floor plan that feeds directly into the family room with a gas fireplace and vaulted ceilings. The primary bedroom sits on the main level, while a dedicated study provides quiet space for focused work. Recent carpet throughout, original hardwood floors, and interior steps to a walk-out basement signal thoughtful updates.

The basement transforms into a true resort component: a theater room with full kitchen, guest suite with separate bathroom, game room, dedicated office, and multipurpose space ready for wine storage or fitness equipment. Natural light penetrates throughout via strategically placed windows.

Outside, the backyard operates as a private resort. The heated in-ground pool and spa sit centerpiece to a stone pool cabana featuring dual fireplaces (gas and wood-burning), full outdoor kitchen, and intimate fireplace seating. A MosquitoNix system ensures year-round comfort. The property backs to preserved greenbelts, with views across protected land. Recent infrastructure work includes a new roof with Class 4 shingles, updated HVAC, dual water heaters, landscape lighting, and a serviced reverse osmosis system.

Austin itself provides clubhouse access, basketball and pickleball courts, tennis facilities, a fitness center, playground, and community pool. The subdivision's proximity to Lakeway means you're 20-25 minutes from downtown Austin, with shorter drives to major employment hubs like Domain and the tech corridor. This home is certified pre-owned with completed pre-inspection, warranty, and documentation package included. You're buying a property that functions as both a sophisticated residence and a permanent vacation setting.