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Welcome to this truly exceptional 7,970 sq ft estate, nestled on a private 3.25-acre lot within the prestigious gated Peninsula at Mystic Shores. Just moments from Canyon Lake, this home offers beautiful views of the Hill Country and the lake. From the moment you arrive, the striking curb appeal captures attention with a stone/stucco exterior and circular drive with water fountain. Inside, this residence features 7 bedrooms and 7 thoughtfully designed living areas, including a soaring family room with 30-ft cathedral ceiling and dramatic stone fireplace, 2 offices, a craft room, media room, theater, loft, and a versatile bonus room. Meticulous craftsmanship and luxurious finishes are found throughout, with tongue-and-groove and coffered ceilings, exposed beams, tray ceilings, Italian-style arches, hardwood floors, granite, shutters/power operated shades, and extensive crown molding. The kitchen has a huge island, stainless appliances including a Subzero fridge, double ovens, new Wolf cooktop, and new dishwasher, and an open-concept design. Retreat outdoors to multiple covered patios, including one with a built-in fireplace and cooking area, or take a dip in the resort-style pool with built-in slide and nearby cabana—pool deck and cabana surfaces beautifully redone with a premium Gem-Scape overlay—perfectly designed for both relaxation and entertaining. The backyard is enclosed with wrought iron fencing and features fire pits, and a generous lawn space—yet the lot extends well beyond the fenced area, offering privacy and room to roam. Additional highlights include a 4-car side-entry garage, a 40KW whole-home generator that activates within seconds, 3 tankless water heaters (replaced 2025–2026), whole-house water softener, a private well that reduces water bills, and abundant built-in storage, including an oversized utility room with ice maker and cabinetry. Residents enjoy access to Mystic Shores' amenities, including a lakeside park and community boat ramp.
Property Type
Residential
Year Built
2007
Lot Size
3.25 acres
$/Sq Ft
$236
HOA
$1140/mo
Garage
4 spaces
Pool
Yes
Listed by Keller Williams Realty
Verified property facts
1298 Mystic PKWY is listed at $1,880,000 with 7 bedrooms, 4 full, 2 half bathrooms, 7,970 square feet, 3.25-acre lot. This places it above the 78070 median of $1,422,500.
1298 Mystic PKWY is zoned for Comal ISD with assigned schools: Rebecca Creek (elementary), Mountain Valley Middle (middle), Canyon Lake (high). School assignments should be verified directly with the district.
1298 Mystic PKWY is a Residential built in 2007 featuring 7 bedrooms, 4 full, 2 half bathrooms, 7,970 square feet, 3.25-acre lot.
1298 Mystic PKWY 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.
The most recent annual property tax for 1298 Mystic PKWY is $10,389. 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.
#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.

Comal ISD
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.
20% ($376K)
$1,880,000
Luxury property intelligence
A sourced read on Peninsula Mystic Shores 1 pricing, timing, and property scale. No automated valuation claim.
List price
$1,880,000
Price per sqft
$236/sqft
Vs. Peninsula Mystic Shores 1 median
Not available
Days on market
10 days
Original to current
No verified reduction
$1.9M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($376,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1298 Mystic PKWY is around $10,621 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,880,000, 1298 Mystic PKWY is in the Peninsula Mystic Shores 1 market where there are currently 24 active listings in 78070.
1298 Mystic PKWY includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
1298 Mystic PKWY is part of a managed community with HOA dues of $1,140 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.
3 events on record
Current Price
$1,880,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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