
Set atop a private hill within a coveted acreage community, 206 Las Lomas Dr. offers a rare blend of seclusion, scale, and sweeping downtown views. Extensively remodeled between 2012 and 2014, this 5-bedroom, 5.5-bath residence spans 5,311 square feet on 1.13 acres in a single-entry neighborhood, delivering uncommon privacy with limited through-traffic.
Designed with entertaining in mind, the home offers a natural flow between interior spaces and the outdoors. A custom 700+ bottle wine cellar anchors the home’s entertaining capabilities, while the kitchen and adjoining utility room— which functions as a butler’s pantry or caterer station— create an ideal setting for hosting.
The home offers exceptional flexibility with two dedicated office spaces located on separate levels and an upstairs flex room with built-in bunk beds, ideal for use as a playroom, guest space, or additional bedroom. The primary suite features oversized closets, including a cedar closet, while wet and dry saunas add a private wellness retreat that enhances everyday living.
Outdoor spaces are a true highlight, featuring expansive stonework and a central towering fireplace that serves as a striking focal point for gatherings. The elevated setting captures unobstructed downtown skyline views creating a dramatic backdrop for both intimate evenings and large-scale entertaining. With privacy, views, and thoughtful design throughout, this property delivers a distinctive Austin lifestyle.
Property Type
Residential
Year Built
1992
Lot Size
1.13 acres
$/Sq Ft
$1,015
HOA
$550/mo
Garage
10 spaces
Listed by Cornerstone Partners Realty
Verified property facts
206 Las Lomas DR is listed at $5,390,000 with 5 bedrooms, 5 full, 1 half bathrooms, 5,311 square feet, 1.13-acre lot. This places it above the 78746 median of $2,012,500.
206 Las Lomas DR is zoned for Eanes ISD with assigned schools: Eanes (elementary), Hill Country (middle), Westlake (high). School assignments should be verified directly with the district.
206 Las Lomas DR is in Westlake Hills, Austin, Texas. See the full [Westlake Hills neighborhood guide](/neighborhoods/westlake-hills-austin) for market data, schools, and lifestyle details.
206 Las Lomas DR is a Residential built in 1992 featuring 5 bedrooms, 5 full, 1 half bathrooms, 5,311 square feet, 1.13-acre lot.
206 Las Lomas 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed 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 |
|---|---|---|---|---|
2025-5.8% | — | $3,880,649 | — | — |
2024-7.4% | — | $4,121,705 | $1,012,500 | $2,581,714 |
2023+73.6% | — | $4,450,907 | $1,012,500 | $3,109,205 |
2022+50.8% | — | $2,563,300 | $1,012,500 | $3,438,407 |
2021 | — | $1,699,600 | $1,012,500 | $1,550,800 |

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% ($1.1M)
$5,390,000
Luxury property intelligence
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$5,390,000
Price per sqft
$1,015/sqft
Vs. Westlake Hills median
+129.3%
$2.4M median
Days on market
10 days
Original to current
No verified reduction
$5.4M original
Active inventory context
17 listings
Price Position in Westlake Hills
Listed 129% above the Westlake Hills median
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 4, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
206 Las Lomas DR is priced at $1,015 per square foot across 5,311 sqft. The Westlake Hills median list price is $2,351,000.
The most recent annual property tax for 206 Las Lomas DR is $44,832. 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.
With 20% down ($1,078,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 206 Las Lomas DR is around $31,704 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $5,390,000, 206 Las Lomas DR is in the Westlake Hills market where there are currently 110 active listings in 78746. The Keenan Group has completed 19 transactions in 78746 as part of 1,000+ career sales totaling $1B+ across Austin. For a detailed market analysis, see our [Westlake Hills guide](/neighborhoods/westlake-hills-austin).
206 Las Lomas DR was built in 1992 (34 years ago). Buyers should budget for potential updates to major systems.
206 Las Lomas DR includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
206 Las Lomas DR sits on a 1.13-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
206 Las Lomas DR is part of a managed community with HOA dues of $550 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.
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)
Somewhat Walkable
Some Transit
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
8 events on record
Current Price
$5,390,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-5.8% | — | $3,880,649 | — | — |
2024-7.4% | — | $4,121,705 | $1,012,500 | $2,581,714 |
2023+73.6% | — | $4,450,907 | $1,012,500 | $3,109,205 |
2022+50.8% | — | $2,563,300 | $1,012,500 | $3,438,407 |
2021 | — | $1,699,600 | $1,012,500 | $1,550,800 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Las Lomas
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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