
$1,274,000
NAL Estimated Property Value124 Schooner Dr, Lakeway, TX, 78738
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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.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lakeway
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