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$1,274,000

NAL Estimated Property Value

124 Schooner Dr, Lakeway, TX, 78738

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,668 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$353.05 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Disposal, Cooktop, Microwave
FlooringCarpet, Hardwood, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size18,644 sqft

Building Information

Year Built2008
Stories2
Roof Type105
Garage Spaces2

Land Information

APN01378304060000
Lot Number2606
SubdivisionLakeway Sec 23
Land UseResidential
Legal DescriptionLOT 2606 LAKEWAY SEC 23
Census Tract035400
Assessed Land Value$258,632
Assessed Improvement Value$697,368
Assessment Year2025

About this property

Discover timeless elegance and modern comfort in this custom Hill Country retreat in the heart of Lakeway. Set on nearly half an acre of lush, tree-lined landscape, this stunning two-story home offers sweeping views, a private casita, and designer touches throughout—all with no HOA and a low tax rate. Charming curb appeal and classic architecture welcome you. Inside, arched doorways, tiered levels, and elegant staircases enhance the open layout. Rich engineered hardwood floors, 8” baseboards, custom cabinetry, and details like crystal door handles add character. Expansive windows frame serene greenery from every room, bringing the outdoors in. The light-filled great room opens to a chef’s kitchen with granite counters, upgraded appliances, and a premium Wolf propane cooktop—perfect for entertaining. The impressive outdoor oasis features three covered verandas with stone arches, cozy seating areas, and stunning views. One connects to the casita, while another extends from the main living area and features a firepit ideal for stargazing. A third veranda, located off an upstairs bedroom, offers a peaceful escape and picturesque scenery. The home features four bedrooms, each with its own en-suite bathroom ensuring privacy. The main house offers 3,382 SF, while the 286 SF detached casita with its own garage and entrance is perfect for guests or a home office. The spacious main-level primary suite offers a sitting area and tranquil views. Two living areas and well-placed windows throughout create an airy, treehouse-like feel. Additional highlights include a two-car garage for the main home and a separate one-car garage for the casita, offering three three garage spaces. There's room to add a pool (renderings available), and the property offers easy access to Hwy 620, Hwy 71, and The Hills Country Club for golf, tennis, pickleball, fitness, and dining. This home is a rare blend of natural beauty, privacy, and convenience. More than a home—this is a lifestyle.

Investor Tools

Property Icon
$1,274,000
Estimated Property Value
$280,127Estimated Mortgage Balance
$993,873Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,770 /month
Positive
Cash Flow Estimate:
$2,590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,782/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,015
$956,000
2025
$258,632
$697,368
$956,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,015
$956,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pentagon Fcu
Conventional
$405,000
No
First
Jan 14, 2013
Feb 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,127
$1,005,873
78%
22%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
N/A
+$3,020/mo
2.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lakeway

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124 Schooner Dr | Property Details | No Agent List