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Verified property facts
206 Palazza Alto Dr is zoned for Lake Travis ISD with assigned schools: Lake Travis (5/10) (elementary), Lake Travis (8/10) (middle), Lake Travis (8/10) (high). School assignments should be verified directly with the district.
206 Palazza Alto Dr is in Lakeway, Austin, Texas. See the full [Lakeway neighborhood guide](/neighborhoods/lakeway-austin) for market data, schools, and lifestyle details.
206 Palazza Alto Dr 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.
With 20% down ($99,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 206 Palazza Alto Dr is around $3,476 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
Welcome to one of the last premier homesites in the exclusive gated community of Bell Montagna, nestled in the scenic hills of Lakeway, Texas. This expansive 1.170-acre lot offers the perfect canvas to build your dream home, with breathtaking panoramic views that will truly come to life once construction is complete. Ideally north-facing, the lot is positioned to minimize exposure to the west-setting sun, providing cooler afternoons and beautiful, soft evening light. Residents of Bell Montagna enjoy access to resort-style amenities, including championship golf courses, tennis facilities, marinas, and upscale shopping and dining — all just minutes away. The community’s gated entrance adds privacy and security, enhancing the overall sense of luxury and exclusivity. With its prime orientation, generous size, and location within one of Lakeway’s most desirable neighborhoods, this lot presents a rare opportunity to create a custom retreat in the heart of the Texas Hill Country.For those interested in building, a completed custom design plan for house plan are available upon request. The custom design plan includes approx. 4800 sqft. home featuring 4 bedrooms, 4 bathrooms, a private study, a game room, and a 4 car side garage. This plan offers a customizable design, allowing buyers to modify it to match their personal style. Final plans are subject to HOA approval. Preferred builder available for consultation.
Property Type
Land
Lot Size
1.17 acres
HOA
$1440/mo
Listed by LaVache Property Group
Property Details
Lot Features
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. Ratings from GreatSchools.org.
20% ($99K)
$495,000
Luxury property intelligence
A sourced read on Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$495,000
Price per sqft
Not available
Vs. Lakeway median
-49.5%
$980K median
Days on market
201 days
Original to current
$20K reduction
$515K original
Active inventory context
142 listings
Price Position in Lakeway
Listed 49% below the Lakeway median
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 7, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Lakeway
Active listings and buyer search context in Lakeway
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District guide, nearby schools, and homes by attendance area
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
At $495,000, 206 Palazza Alto Dr is in the Lakeway market where there are currently 196 active listings in 78734. The Keenan Group has completed 16 transactions in 78734 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Lakeway guide](/neighborhoods/lakeway-austin).
206 Palazza Alto Dr is part of a managed community with HOA dues of $1,440 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.
Lakeway is one of Austin's established neighborhoods, zoned for Lake Travis ISD in the 78734 area. The Keenan Group has specialized in Lakeway real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
Neighborhood guide and local insights
Lakeway is the only city in the Austin metro where you can step off an 18th green, drive three minutes to a full-service marina, and be on the water before your golf shoes are off. That combination of golf and lake access within a single small city defines the lifestyle and explains why the community has attracted a specific kind of buyer for more than 50 years - people who want resort-quality recreation woven into daily routine rather than saved for vacation. Lakeway sits on the south shore of Lake Travis, about 20 miles west of downtown along Highway 71 and Ranch Road 620. The drive downtown takes 25 to 35 minutes depending on traffic at the 620/2222 interchange. The 620 corridor runs through the commercial district with H-E-B, medical offices, and growing restaurant and retail options. Bee Cave and Hill Country Galleria sit just south on 71, adding another tier of shopping within 10 minutes. The marina community gives waterfront access ranging from personal watercraft to full-size wakeboarding boats. Hill Country Contemporary homes make up about 30% of inventory, featuring limestone, metal roofing, and expansive glass. Mediterranean designs account for 25%, popular in gated and golf course sections. Traditional Ranch homes represent 20%, concentrated in older sections near the original resort. The rest splits between Modern Farmhouse and custom contemporary on ridgeline lots. Lot sizes range from 8,000 square feet in townhome sections to full-acre spreads in Rough Hollow. Pricing starts in the low $500s for older condos, runs through $700,000 to $1.2 million for standard single-family, and reaches $3 million for waterfront or golf-front custom properties. Lake Travis ISD serves Lakeway and consistently draws families relocating from central Austin. Lakeway Elementary and Serene Hills Elementary feed into Hudson Bend Middle School and Lake Travis High School. Lake Travis High competes at 6A across Texas athletics with a strong football tradition alongside solid academics and fine arts. District facilities are newer than most Austin ISD campuses, and per-student spending is competitive with Eanes ISD at a lower tax rate. The daily rhythm follows the lake and golf courses. Morning fog on Lake Travis burns off by 9 AM, and early risers are already on the water - kayaking coves, fishing bluffs, or running ski boats before afternoon wind. Lakeway Resort and Spa offers pool and fitness facilities, and Flintrock Falls Golf Club provides a Hill Country course. The Canyonlands trail system and Mount Lakeway trail offer hill hiking with lake views. Hamilton Greenbelt provides a shaded creek walk. For dining, The Grove Wine Bar anchors the upscale casual tier. SP Brazilian Steakhouse brings the full churrasco experience. Canyon Grille does American fare in a golf course setting. The Gramercy adds a polished New American option. MorninGlory handles breakfast with the consistency that turns a restaurant into a weekend ritual. Lakeway is more developed than Jonestown and Lago Vista to the north, which offer lower prices but less infrastructure. It is less expensive than waterfront estates in Point Venture. And it provides a more recreational lifestyle than Bee Cave, which has better highway access but less lake connection. The main consideration is the 620 corridor, which can slow to a crawl during peak hours. Lakeway works for buyers who want lake and golf access as a daily reality. It fits retirees with flexibility to enjoy the water on quiet weekday mornings. It suits families who value Lake Travis ISD and want kids growing up on the water. It works for remote workers who can schedule around the commute. If you need to be downtown every day by 8, the commute will wear on you. But if your priorities are outdoor recreation, strong schools, and a pace a few beats slower than central Austin, Lakeway makes a compelling case.
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