3 acre gated estate offering space, privacy, and convenience in the heart of Lakeway. Rare acreage lot close-in coupled with phenomenal hill country views. Extensively updated home features a grand two-story entry with a curved staircase, formal dining, and a living room with a wood-beamed ceiling anchored by a stone fireplace. Renovated kitchen boasts solid wood cabinets, quartzite counters, and professional-grade Sub-Zero + Thermador appliances. Dual built-in Sub-Zero glass door refrigerators, 2 dishwashers, convection cooktop, double oven, icemaker, built-in espresso machine + filtered water dispenser. Hardwood floors, new light fixtures, fresh interior paint. The home offers dual primary suites, one on each floor. Downstairs primary features a large bay window, marble flooring, walk-in shower w/dual shower heads, double vanity w/full overlay cabinetry, brushed brass lighting + 2 walk-in closets. Full home gym w/rubber floors, dry sauna, built-in weight room. Upstairs primary suite includes walk-in closets, a spacious bath w/glass-framed shower, jetted tub, double vanities + private balcony. 2 guest rooms share a Jack-and-Jill bath. Large bonus room w/views. Spacious media room w/projection screen, surround sound, electronic reclining media chairs + Control 4 home automation system. The gently rolling three-acre lot is fully fenced and gated + features a full-size sport court w/professional-grade basketball hoops, tennis w/lighting, built-in BBQ, numerous mature oaks + ample space for play or entertaining. Stone exterior, hail-resistant tile roof, 3 recently replaced HVAC's, tankless hot water heater, whole-house water filtration. Light restrictions, no HOA, lowest tax rate in the area saves up to $22K per year. 6 area golf courses, the Hills Country Club, dining and shopping at the Hill Country Galleria and the Shops at Lakeway nearby, plus 3 marinas on Lake Travis. Sought after LTISD Schools.