3 bed, 2 bath, 1,802 sqft on 0.22 acres in Westlake Hills. Austin, TX 78746. $1,250,000. Eanes ISD.
About This Home
A rare opportunity to create a new home in the heart of Westlake. Situated on a flat, .216-acre corner lot with mature trees, 1508 Barn Swallow offers an setting for a future custom residence in the established Woodhaven neighborhood. The property currently includes a 1,802-square-foot, single-story home with 3 bedrooms, 2 baths, and a 2-car garage. Located less than 10 minutes from downtown Austin and zoned and walkable to highly sought-after Eanes ISD — Cedar Creek Elementary, Hill Country Middle School, and Westlake High School. With its level lot, mature trees, established Westlake location, and proximity to downtown, this property presents a compelling opportunity to lease, or hold the existing home while exploring plans for a future custom residence.
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.
School District: Eanes ISD
Westlake Hills luxury homes and neighborhood guide- Property Type
- Residential
- Year Built
- 1978
- Lot Size
- 0.22 acres
- Price / Sq Ft
- $694
- Garage
- 2 spaces
Listing information last updated October 1, 2026.
Listed by Moreland Properties
MLS# 9514145 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Pantry
- Primary Bedroom on Main
- Dishwasher
- Disposal
- Microwave
- Oven
- Refrigerator
- Free-Standing Refrigerator
- Washer
- Washer
- Dryer
- Laminate
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- No Exterior Steps
- Private Yard
- Brick
- Stone
- Back Yard
- Curbs
- Front Yard
- Sprinkler - Automatic
- Trees-Medium (20 Ft - 40 Ft)
- Trees-Moderate
- Wood
- Slab
- Patio
- Rear Porch
- Roof
- Composition,Shingle
- Lot Size
- 0.22 Acres
- Attached
- Door-Single
- Driveway
- Garage
- Garage Faces Front
- Garage Spaces
- 2
Financial
- Original List Price
- $1,250,000
- Price per Sq Ft
- $694
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
3 records on file
Every recorded listing, sale, and lease at 1508 Barn Swallow DR, whoever represented it.
- ActiveListed 2026Current price: $1,250,000Original list: $1,250,000MLS 9514145
- Listed · September 5, 2026$1,250,000
- LeasedAugust 4, 2024Asking rent: $3,800/moMLS 5554300
- LeasedMarch 1, 2024Asking rent: $3,850/moMLS 3137427
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listed with current price, original ask, and market time.
- Current list
- $1,250,000
- Original list
- $1,250,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 5, 2026 · 42 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,100,000
- Assessment Year
- 2025
- Year Built
- 1978
- Parcel ID
- 000000106043
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-4.9% | — | $1,100,000 | — | — |
2024+1.8% | — | $1,156,431 | $810,000 | $130,586 |
2023+55.1% | — | $1,135,577 | $900,000 | $256,431 |
2022+13.5% | — | $732,006 | $900,000 | $235,577 |
2021 | — | $645,114 | $540,000 | $192,006 |
Zoned Schools
Westlake
Hill Country
Cedar Creek
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($250K)
Adjustable assumption - not a lending recommendation.
$1,250,000
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Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,250,000
Price per sqft
$694/sqft
Vs. Neighborhood guide reference price
-35.3%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
42 days
Original to current
No verified reduction
$1.3M original
Active inventory context
116 listings
Price Position in Westlake Hills
Listed 35% below the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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Westlake Hills Neighborhood Guide
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Westlake Hills Homes for Sale
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78746 ZIP Guide
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Eanes ISD Schools
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