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Street View
Days2465Days on Market
Views1view

$1,499,000

206 Majestic Arroyo Way, Lakeway, TX, 78738

On MarketInfo
Beds4 Beds
Baths6 Bath
Baths4,160 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$360.34 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size14,627 sqft

Building Information

Year Built2019
Stories2
Roof Type104
Garage Spaces2

Land Information

APN01358805090000
Lot Number3
SubdivisionLakeway Highlands Phs 1 Sec 5
Land UseResidential
Legal DescriptionLOT 3 BLK B LAKEWAY HIGHLANDS PHS 1 SEC 5
Census Tract035400
Assessed Land Value$873,141
Assessed Improvement Value$722,445
Assessment Year2025

About this property

Perched atop one of the highest points in Rough Hollow, this exceptional hilltop estate captures breathtaking panoramic views that stretch for miles. Thoughtfully designed with an incredible floorplan and upscale finishes throughout, this home brings luxury, functionality, and resort-style living to you. The main level features two bedrooms plus a dedicated office, offering flexibility for everyday living, while upstairs includes two private ensuite bedrooms, a spacious secondary living area, and a full bar complete with sink, refrigerator, and ice maker—perfect for entertaining or private space for guests. Step out onto the expansive balcony and take in the sweeping views that define this remarkable property. Every bedroom is ensuite with its own private bath, complemented by an additional half bath for guests. The heart of the home is the stunning living room with soaring two-story ceilings, flowing effortlessly into a chef’s kitchen with high-end finishes, a large island, and a walk-in pantry. A wine cellar in the formal dining room adds an elegant touch, while a convenient mud drop zone near the garage enhances daily function. The outdoor spaces are nothing short of spectacular. Enjoy a resort-style pool accompanied by a fully equipped pool house featuring a full bath, living area, and kitchenette—allowing for effortless entertaining without ever needing to return to the main home. The backyard also offers a large covered patio with fireplace, outdoor kitchen, and a separate fire pit area down below for gathering under the stars. Additional highlights include a tile roof, 3-car tandem garage, and a private courtyard entry, all contributing to the home’s impressive appeal and timeless design. This is luxury hill country living at its finest—where views, design, and lifestyle come together in perfect harmony.

Investor Tools

Property Icon
$1,534,000
Estimated Property Value
$751,796Estimated Mortgage Balance
$890,595Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,204 /month
Positive
Cash Flow Estimate:
$3,068 /month

Interested in this property?

Amy Seely

The Seely Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,799/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$25,919
$1,528,628
2025
$873,141
$722,445
$1,595,586
No

Tax History

Year
Tax Paid
Assessed Value
2024
$25,919
$1,528,628

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$751,796
No
First
Oct 18, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$646,421
$882,207
57%
42%
$3,322/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$3,322/mo
$-302/mo
2.4%

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.

Explore Texas Explore This Area
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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