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5 bed, 3 bath, 5,224 sqft on 3.05 acres in Westlake Hills. Austin, TX 78746. $3,497,000. Eanes ISD.
In the realm of real estate, they say it's all about location. With this exclusive property, it's about more than just location - it's about the VIEW. The unmatched sense of privacy that transforms every moment into an extraordinary experience. Nestled amidst the picturesque Texas Hill Country - a gated private sanctuary boasting unparalleled views and privacy. Perched majestically, this 5-bedroom, 3.5-bath haven redefines the Austin living experience. As you step inside, you are greeted by soaring ceilings, an expansive layout that seamlessly merges elegance with functionality. You are drawn immediately to the views from the floor to ceiling windows. You notice the classic office space with a wall of custom built in shelves, one of three stone fireplaces and a second living/media room ensure both productivity and relaxation are effortlessly accommodated. Outside a haven for outdoor enthusiasts and entertainers alike. A glistening pool beckons for refreshing dips on warm Texas days, while the meticulously crafted outdoor entertaining area sets the stage for unforgettable gatherings under the vast Texan sky. Take a hike around the 3.5-acre property and you come across a wet water creek, down the hill you can get back to nature along Barton Creek. Ascending to the second level, discover a retreat like no other. The primary bedroom awaits, offering not just a space to rest, but an experience to cherish. Step onto your private balcony and immerse yourself in breathtaking views as far as the eye can see. Relax in the indulgence of a soaking tub, rejuvenate in the spacious shower - every detail meticulously curated for your comfort and pleasure. But the luxury doesn't end there. This home offers hidden spaces in bedrooms for fun and whimsy, custom closets ensuring organization. Rest easy knowing the home has been pre-inspected, with HVAC systems updated in 2024, offering modern comfort and reliability. Experience the pinnacle of Texas living...welcome home.
Verified property facts
1103 Falcon Ledge DR is listed at $3,497,000 with 5 bedrooms, 3 full, 1 half bathrooms, 5,224 square feet, 3.05-acre lot. This places it above the ZIP 78746 single-family closed-sale median price of $2,100,000 (ZIP 78746 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 24, 2026).
1103 Falcon Ledge DR is zoned for Eanes ISD with assigned schools: Forest Trail (10/10) (elementary), West Ridge (9/10) (middle), Westlake (9/10) (high). School assignments should be verified directly with the district.
1103 Falcon Ledge DR is a Residential built in 1994 featuring 5 bedrooms, 3 full, 1 half bathrooms, 5,224 square feet, 3.05-acre lot.
1103 Falcon Ledge DR is listed by Keller Williams - Lake Travis. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Jun 5, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
1 record on file
Every recorded listing, sale, and lease at 1103 Falcon Ledge DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+13.1% | — | $2,844,376 | — | — |
2024+22.9% | — | $2,514,575 | $780,000 | $2,020,000 |
2023+50.7% | — | $2,045,340 | $780,000 | $1,734,575 |
2022+32.3% | — | $1,357,000 | $780,000 | $1,265,340 |
2021 | — | $1,025,900 | $318,500 | $1,038,500 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($699K)
Adjustable assumption - not a lending recommendation.
$3,497,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$3,497,000
Price per sqft
$669/sqft
Vs. Neighborhood guide reference price
+48.7%
$2.4M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$353K reduction
$3.9M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 49% above the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
Request Private Market AnalysisLifestyle, schools, market context, and homes in Westlake Hills
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
1103 Falcon Ledge DR is priced at $669 per square foot across 5,224 sqft. The Westlake Hills neighborhood guide reference price is $2,351,000 (Westlake Hills neighborhood guide · reference price).
The most recent annual property tax for 1103 Falcon Ledge DR is $23,484. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 1103 Falcon Ledge DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jun 5, 2026, 1103 Falcon Ledge DR is offered at $3,497,000. The current MLS snapshot shows 94 active listings in 78746. Keenan Group has completed 32 verified transactions in 78746 within its 1,000+ completed transactions and $1B+ career volume across Austin. See Keenan Group's Westlake Hills guide for current neighborhood analysis.
1103 Falcon Ledge DR was built in 1994 (32 years ago). Buyers should budget for potential updates to major systems.
The MLS listing marks 1103 Falcon Ledge DR as waterfront. The reported waterfront feature is Creek. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Westlake Hills is one of Austin's established neighborhoods, zoned for Eanes ISD in the 78746 area. The Keenan Group has specialized in Westlake Hills real estate for 25+ years with 1,000+ career transactions. Contact (512) 415-7653 for current market conditions and available homes.
Source: Keenan Group at Compass Real Estate, #1 Austin Board of Realtors Team (2024)
7 events on record
Current Price
$3,497,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+13.1% | — | $2,844,376 | — | — |
2024+22.9% | — | $2,514,575 | $780,000 | $2,020,000 |
2023+50.7% | — | $2,045,340 | $780,000 | $1,734,575 |
2022+32.3% | — | $1,357,000 | $780,000 | $1,265,340 |
2021 | — | $1,025,900 | $318,500 | $1,038,500 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
| Address | Sold Price |
|---|---|
| 4713 Via Media | $2.73M |
| 18 Cousteau LN | $2.71M |
| 403 Graciosa CV | $4.10M |
| 5620 Clarion CV | $2.52M |
| 218 Buckeye Trl | $1.75M |
| 409 Vale St | $2.38M |
| 403 Graciosa Cv | $2.33M |
| 2001 Cueva De Oro CV | $3.26M |
Neighborhood guide and local insights
Westlake Hills is an incorporated city in Austin's 78746 ZIP code, five minutes west of downtown via Bee Caves Road. Eanes ISD - ranked #1 in Texas by Niche 2026 - draws most buyers. Median home price $2.4M, with estates from $1.2M updates to $10M+ hilltop compounds. Roughly 1,000 total homes sit on wooded lots averaging half an acre to two acres, spread across the hills south of the Colorado River. Lost Creek, Davenport Ranch, The Oaks, and Bee Caves Woods each have a different character - from 1970s ranches on established lots to new-build Hill Country Contemporary estates with 20-foot ceilings and limestone facades. The housing stock is in a generational transition. Original 1970s-80s ranch homes sell as teardowns at $1-2M for land alone, replaced by $3-8M contemporary builds. At any given time, 25-30 homes are actively listed. Inventory is tight, and a meaningful share of deals happen off-market through agent networks. What defines daily life here: morning coffee at Swedish Hill, school drop-off at Eanes Elementary or Bridge Point, a trail run at Wild Basin Preserve, and dinner at Sway or Las Palomas without crossing MoPac. This is a quiet neighborhood built around schools and outdoor access, not nightlife or walkable retail. The people who live here chose it for exactly that trade-off.
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