#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Waterfront Luxury & STR Opportunity in Hill Country Cove Experience the perfect balance of security, serenity, and income potential in this former Parade of Homes masterpiece. Located in the exclusive, gated community of Hill Country Cove, this estate offers the best of lake living: the peaceful, wake-free waters of a deep-water canal with the main body of the lake just a 2-minute boat ride away. This subdivision allows Short-Term Rentals (Airbnb/Vrbo), making it a premier asset for investors or a perfect family retreat. Inside, the living room boasts soaring wood-beamed ceilings and windows framing the pool. The chef’s kitchen features stainless KitchenAid appliances, granite counters, and custom cabinetry. Two sophisticated primary suites offer total privacy, each with patio access and spa-like baths. A third bedroom and an entryway study (easily a 4th bedroom) provide ample space for guests. The outdoor oasis is unmatched. Enjoy 87’ of waterfront with a stone retaining wall. The canal setting provides true peace of mind; kids and grandkids can swim or paddleboard in calm, glass-like water without the worry of fast boats or large wakes. The massive double-slip boathouse includes extensive toy storage and is crowned by a sprawling rooftop party deck with a deluxe 8-person spa—the ultimate spot for sunset soirées and stargazing. Whether looking for a family compound or a turnkey investment, life doesn’t get better than this.
Property Type
Residential
Year Built
2011
Lot Size
0.47 acres
$/Sq Ft
$587
HOA
$200/mo
Garage
2 spaces
Pool
Yes
Listed by Horseshoe Bay Resort Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
178 Sleepy Oaks DR is listed at $1,700,000 with 3 bedrooms, 3 full bathrooms, 2,895 square feet, 0.47-acre lot. This places it above the 78639 median of $1,618,350.
178 Sleepy Oaks DR is zoned for Llano ISD with assigned schools: Llano (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.
178 Sleepy Oaks DR is a Residential built in 2011 featuring 3 bedrooms, 3 full bathrooms, 2,895 square feet, 0.47-acre lot.
178 Sleepy Oaks DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 178 Sleepy Oaks DR is $12,817. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Pending with current price, original ask, and market time.
Llano ISD
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.
20% ($340K)
$1,700,000
Luxury property intelligence
A sourced read on Hill Country Cove pricing, timing, and property scale. No automated valuation claim.
List price
$1,700,000
Price per sqft
$587/sqft
Vs. Hill Country Cove median
Not available
Days on market
72 days
Original to current
$25K reduction
$1.7M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 25, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($340,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 178 Sleepy Oaks DR is around $9,889 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,700,000, 178 Sleepy Oaks DR is in the Hill Country Cove market where there are currently 94 active listings in 78639.
178 Sleepy Oaks DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
178 Sleepy Oaks DR is part of a managed community with HOA dues of $200 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
4 events on record
Current Price
$1,700,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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