304 Palos Verdes Dr, Lakeway, TX 78734

APPROVED SHORT SALE! Excellent opportunity to own this Lakeway home at an exceptional value. Fantastic home nestled within a resort-style community along one of Old Lakeway’s most scenic, tree-lined streets, this move-in ready and architecturally distinctive property offers a rare opportunity to embrace the coveted Lakeway lifestyle. Set on a private 1/3-acre lot near the Hamilton Greenbelt and just minutes from Lake Travis, you’ll enjoy access to marinas, golf courses, hiking and biking trails, and local dining—all within the highly sought-after Lake Travis school district. Designed to stand out, the home features a grand front entrance, soaring ceilings, multiple skylights, and expansive newer windows and sliding doors that flood the space with natural light, while newly installed LVP flooring enhances its modern, move-in ready appeal. The flexible floor plan is an entertainer’s delight with multiple living areas, including a versatile media or game room—perfect for movie nights and everyday family connection. Spacious decks and seamless indoor-outdoor living create multiple areas for year-round entertaining or relaxing in a peaceful Hill Country setting. The *gourmet kitchen* is thoughtfully updated with quartz countertops, a Thermador induction cooktop, high-end stainless steel appliances, and modern cabinetry, opening to the main living and dining areas. It serves as both a stylish culinary space and the heart of the home—ideal for casual meals, conversation, and even a place to gather for homework. The private primary suite offers a true retreat with a spa-like walk-in shower and refined finishes. Additional highlights include a RARE 3-car garage, new HVAC systems (2025), a durable 30+ year roof (2017), plumbed central vacuum system, low-maintenance landscaping, two fig trees, and space to create your own outdoor oasis + Google Fiber! This is a rare opportunity to own a truly distinctive home that combines architectural character and modern updates.

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.