4 bed, 3 bath, 3,759 sqft on 0.28 acres in Hills of Lakeway. The Hills, TX 78738. $1,250,000. Lake Travis ISD.
About This Home
Welcome to 43 Lost Meadow Dr, a beautifully updated home in the prestigious, guard-gated community of The Hills of Lakeway. Offering 4 bedrooms, 3.5 baths, a dedicated office that can serve as a 5th bedroom, game room, and 2-car garage with additional golf cart bay, this home combines a spacious floor plan with exceptional indoor-outdoor living.
The dramatic two-story living room features soaring ceilings, abundant natural light, a stone fireplace, built-in cabinetry, and beautiful wood flooring throughout much of the home. Separate formal living and dining rooms provide additional space for entertaining. The updated kitchen features an oversized island, stone countertops, stainless steel appliances, microwave/oven combo, wine refrigerator, extensive cabinetry, and a breakfast area overlooking the backyard.
The main-level primary suite offers vaulted ceilings, wood flooring, abundant windows, and an updated bath with dual vanities, soaking tub, oversized walk-in shower, and large custom cedar-lined closet. The downstairs office includes extensive built-ins and offers flexibility as a study or 5th bedroom.
Upstairs are 3 additional bedrooms, 2 full baths, and a spacious game room. Updated bathrooms, plantation shutters, contemporary fixtures, and wood flooring complete the interior.
Outside, enjoy a private backyard retreat with a sparkling pool featuring a waterfall, child-safety fencing/lock, patio areas, mature landscaping, and a fully fenced yard with additional space for entertaining and play.
Located in highly regarded Lake Travis ISD with convenient access to Lakeway and Bee Cave shopping, dining, entertainment, medical facilities, and Lake Travis. Required Social Membership to The Hills Country Club provides access to select dining, swimming, and social amenities, with options to upgrade for golf, fitness, tennis, pickleball, and more. Ask agent for current membership details and dues.
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
- 1998
- Lot Size
- 0.28 acres
- Price / Sq Ft
- $333
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated October 13, 2026.
Listed by Compass RE Texas, LLC
MLS# 1703309 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling-High
- In-Law Floorplan
- Primary Bedroom on Main
- Pantry
- Bookcases
- Study
- Home Office
- Dishwasher
- Disposal
- Microwave
- Double Oven
- Refrigerator
- Self Cleaning Oven
- Washer
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Exterior Steps
- Gutters Full
- Private Yard
- Brick Veneer
- Frame
- Level
- Near Golf Course
- Sprinkler - Automatic
- Many Trees
- Fenced
- Split Rail
- Slab
- Covered
- Deck
- Patio
- Porch
- Roof
- Tile
- Lot Size
- 0.28 Acres
- Attached
- Door-Single
- Garage Door Opener
- Garage Spaces
- 2
- Pool
- Yes
Financial
- Original List Price
- $1,250,000
- Price per Sq Ft
- $333
Utilities
- Electricity Available
- High Speed Internet
- Phone Available
- Sewer Available
- Water Available
- Water Source
- MUD
- Sewer
- MUD
Transaction History
1 record on file
Every recorded listing, sale, and lease at 43 LOST MEADOW TRL, whoever represented it.
- ActiveListed 2026Current price: $1,250,000Original list: $1,250,000MLS 1703309
- Listed · September 23, 2026$1,250,000
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
Listed with current price, original ask, and market time.
- Current list
- $1,250,000
- Original list
- $1,250,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 23, 2026 · 22 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $999,679
- Assessment Year
- 2025
- Year Built
- 1998
- Parcel ID
- 000000132850
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-9.9% | — | $999,679 | — | — |
2024-0.9% | — | $1,109,533 | $350,000 | $697,881 |
2023+55.3% | — | $1,120,034 | $350,000 | $759,533 |
2022 | — | $721,436 | $350,000 | $770,034 |
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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, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($250K)
Adjustable assumption - not a lending recommendation.
$1,250,000
Luxury property intelligence
Keenan Market Position
A sourced read on Hills of Lakeway pricing, timing, and property scale. No automated valuation claim.
List price
$1,250,000
Price per sqft
$333/sqft
Vs. Neighborhood guide reference price
+31.6%
$950K · Hills of Lakeway neighborhood guide · reference price
Days on market
22 days
Original to current
No verified reduction
$1.3M original
Active inventory context
13 listings
Price Position in Hills of Lakeway
Listed 32% 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 15, 2026.
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