Enjoy the privacy of this exceptional 1.7-acre estate ideally located in the heart of Lakeway and near the hospital - all with no HOA and a notably low tax rate. This stunning 4,615 sq ft home has been extensively transformed with over $1M in thoughtful renovations, blending timeless Hill Country charm with elevated modern updates and custom touches at every turn. The flexible floor plan offers 5 bedrooms + 4.5 baths with 2 bedrooms + 2.5 baths downstairs (including a beautifully renovated primary suite) and 3 bedrooms + 2 baths upstairs. Recently added in 2025, the large game room addition upstairs features built-ins, double bunk beds, and a mini fridge. Extensive mud room/laundry room with pantry space, storage space, and a coffee bar. The thoughtfully renovated primary suite feels like a peaceful sanctuary, complete with high-end finishes and a luxurious bath. The wood-beamed tray ceiling creates an immediate wow factor, and once you see the stunning bathroom, you'll know this is where you want to unwind every day. Designed for entertaining, the chef's kitchen opens to expansive outdoor living spaces and a breathtaking backyard. The oversized covered patio with fireplace creates the perfect setting for year-round gatherings. Outdoor amenities include a Sports court, raised garden beds, chicken coop, expansive yard space with mature trees, no neighbors directly behind you and a wood burning fire pit and seating area. In addition to the main residence, the property features a 705 sq ft detached garage apartment with a full kitchen, 1 bedroom, and 1 bath - ideal for guests, multigenerational living, office space, or a private retreat. The 2 car detached garage is climatized and workshop spaces are truly impressive. Also includes utility sink, huge storage closets, additional washer/dryer and attic lift in carport. This one-of-a-kind estate offers privacy and tranquility while remaining close to exemplary schools, retail, dining, the Hill Country, and the lake.