4 bed, 3 bath, 4,640 sqft on 0.47 acres in Hills of Lakeway. The Hills, TX 78738. $1,785,000. Lake Travis ISD.
About This Home
Welcome to 17 Hedgebrook Way, an exceptional 4-bedroom residence with 3 full and 2 half baths, extensively rebuilt from the studs with an unwavering commitment to quality, timeless design and refined craftsmanship. Ideally situated on a rare double lot along one of the most coveted streets in The Hills, this remarkable property offers golf course views and a private backyard setting designed for both everyday living and effortless entertaining.
Sophisticated interiors showcase an impressive collection of natural stone finishes, including Calcutta, Carrara and Emperador marble, complemented by hardwood flooring throughout with no carpet, new lighting and distinctive architectural details. The beautifully appointed kitchen features KitchenAid appliances, a Viking induction cooktop, double ovens, built-in refrigeration and two built-in wine refrigerators. An upstairs mini kitchenette with sink, dishwasher and refrigerator provides exceptional flexibility for guests, multigenerational living or entertaining.
The luxurious primary suite features two custom closets with built-in ladders, a sitting area with built-in shelving and a marble-clad bath with heated floors. Thoughtful improvements throughout the home include redesigned HVAC, reinforced structural elements, two water heaters and numerous systems and improvements brought to current code standards.
Outdoor living is equally impressive with Trex decking, a covered patio, updated lighting and ceiling fans, an automatic gated entry through the porte-cochere, and an outdoor shower and half bath designed for pool guests. Additional enhancements include a new pool pump, replaced irrigation system, updated rear-facing windows and numerous exterior improvements.
17 Hedgebrook Way presents a rare opportunity to own a beautifully reimagined home in The Hills designed for sophisticated yet comfortable living.
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
- 1987
- Lot Size
- 0.47 acres
- Price / Sq Ft
- $385
- HOA
- $1,550/year
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated October 26, 2026.
Listed by Moreland Properties
MLS# 8086387 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Bookcases
- Built-in Features
- Ceiling Fan(s)
- Stone Counters
- Crown Molding
- Double Vanity
- Entrance Foyer
- Kitchen Island
- Primary Bedroom on Main
- Recessed Lighting
- Wet Bar
- Built-In Electric Range
- Built-In Refrigerator
- Dishwasher
- Microwave
- Oven
- Double Oven
- RNGHD
- Refrigerator
- Stainless Steel Appliance(s)
- Wine Cooler
- Marble
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 2
Exterior & Lot
- Balcony
- Private Yard
- Brick
- Stone
- Front Yard
- Landscaped
- Level
- Backs To Golf Course
- Private
- Trees-Moderate
- Views
- Wrought Iron
- Slab
- Covered
- Deck
- Patio
- Porch
- Roof
- Tile
- Lot Size
- 0.47 Acres
- Additional Parking
- Detached
- Secured
- Garage Spaces
- 2
- Pool
- Yes
Financial
- HOA Fee
- $1,550 / year
- Original List Price
- $1,900,000
- Price per Sq Ft
- $385
Utilities
- Electricity Connected
- Propane
- Sewer Connected
- Water Connected
- Water Source
- MUD
- Sewer
- MUD
Transaction History
1 record on file
Every recorded listing, sale, and lease at 17 Hedgebrook WAY, whoever represented it.
- ActiveListed 2026Current price: $1,785,000Original list: $1,900,000MLS 8086387
- Listed · September 11, 2026$1,900,000
- Price changed · October 7, 2026$1,850,000
- Price changed · October 26, 2026$1,785,000
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
Price Change with current price, original ask, and market time.
- Current list
- $1,785,000
- Original list
- $1,900,000
- Price movement
- $115K reduction
- Listed / DOM
- Sep 11, 2026 · 47 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $932,789
- Assessment Year
- 2025
- Year Built
- 1987
- Parcel ID
- 000000455960
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-34.8% | — | $932,789 | — | — |
2024+5.0% | — | $1,430,519 | $833,000 | $666,192 |
2023+75.7% | — | $1,362,461 | $833,000 | $597,519 |
2022 | — | $775,646 | $833,000 | $529,461 |
Zoned Schools
Lake Travis
Hudson Bend
Lakeway
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-26T16:42:15.614+00:00; normalized from annual dues.
Illustrative down payment
20% ($357K)
Adjustable assumption - not a lending recommendation.
Home price
$1,785,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Hills of Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$1,785,000
Price per sqft
$385/sqft
Vs. Neighborhood guide reference price
+87.9%
$950K · Hills of Lakeway neighborhood guide · reference price
Days on market
47 days
Original to current
$115K reduction
$1.9M original
Active inventory context
14 listings
Price Position in Hills of Lakeway
Listed 88% above 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 26, 2026.
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Hills of Lakeway Neighborhood Guide
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