$1,499,000
206 Majestic Arroyo Way, Lakeway, TX, 78738
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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.
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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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These are Deal List properties graded A+, A.
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