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Crystal Olenbush

512-344-6000
  • 124 Schooner Drive

  • $1,295,000
  • 4 Beds, 5 Bath, 3668 SQ. Feet, 0.43 Acres Residential Lakeway, TX 78738

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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Essential Information

  • MLS® #5004184
  • Price$1,295,000
  • Bedrooms4
  • Bathrooms5.00
  • Full Baths4
  • Half Baths1
  • Square Footage3,668
  • Acres0.43
  • Year Built2008
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive

Community Information

  • Address124 Schooner Drive
  • SubdivisionLakeway Sec 23
  • CityLakeway
  • CountyTravis
  • StateTX
  • Zip Code78738

Amenities

  • # of Garages3
  • WaterfrontNone

Utilities

Electricity Available, Electricity Connected, Propane, Sewer Available, Sewer Connected, Water Available, Water Connected, Underground Utilities

Features

Fitness Center, Golf, Lake, Playground, Park, Pool, Airport/Runway, Sport Court(s), See Remarks, Tennis Court(s), Trash Pickup Door to Door, Trails/Paths

Parking

Additional Parking, Attached, Direct Access, Driveway, Garage, Inside Entrance, Kitchen Level, Private

View

Hills, Neighborhood, Panoramic, Trees/Woods

Interior

  • InteriorCarpet, Tile, Wood
  • FireplaceYes
  • # of Fireplaces1
  • # of Stories2
  • StoriesTwo

Appliances

Built-In Oven, Cooktop, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Propane Cooktop, Refrigerator, Stainless Steel Appliance(s)

Heating

Central, Electric, Fireplace(s), Hot Water, Propane, Zoned, Propane Stove

Cooling

Central Air, Ceiling Fan(s), Electric, Zoned

Fireplaces

Gas, Gas Log, Living Room, Stone

Exterior

  • Exterior FeaturesBalcony
  • WindowsShutters
  • RoofComposition, Shingle
  • ConstructionStone, Stucco
  • FoundationSlab

Lot Description

Back Yard, Front Yard, Landscaped, Private, Sprinklers Automatic, Few Trees, Views

School Information

  • DistrictLake Travis ISD
  • ElementarySerene Hills
  • MiddleHudson Bend
  • HighLake Travis

Map & Directions

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Property Listed by: Hallmark Luxury Real Estate

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from June 18th, 2025 at 5:31am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.