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3 bed, 2 bath, 2,571 sqft on 1.58 acres in Westlake Hills. Austin, TX 78746. Last listed at $6,500,000, sold December 18, 2025. Austin ISD.
About This Home
Prime Waterfront Estate / Remodel Opportunity on Lady Bird Lake.
Perched at the highest peak just off prestigious Stratford Drive, this extraordinary 1.58(+/-) acre property offers unrivaled panoramic views of Austin’s skyline and the shimmering waters of Lady Bird Lake. Boasting an impressive 303 feet of direct waterfront access, this rare offering presents a once-in-a-lifetime chance to remodel an iconic estate in the heart of Austin’s most coveted communities.
Located less than 2 miles from Zilker Park, this property blends serene privacy with unbeatable proximity to Austin’s cultural and outdoor amenities. Adding to its unique character, a natural cave formation on the property enhances the landscape, making this homesite as rare as it is breathtaking.
This is a canvas for architectural brilliance, where modern luxury can meet the timeless beauty of Austin’s beloved Lady Bird Lake.
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
- 1964
- Lot Size
- 1.58 acres
- Price / Sq Ft
- $2,528
- Garage
- 2 spaces
Listing information last updated December 18, 2025.
Listed by Kuper Sotheby's Int'l Realty
MLS# 6547046 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Interior Steps
- Primary Bedroom on Main
- Cooktop
- Dishwasher
- Carpet
- Tile
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Gutters Full
- Private Yard
- Wood Siding
- Stone
- Trees-Heavy
- Views
- Slab
- Covered
- Deck
- Roof
- Metal
- Lot Size
- 1.58 Acres
- Garage Faces Side
- Garage Spaces
- 2
- Lake Front
- Waterfront
Financial
- Original List Price
- $6,500,000
- Price per Sq Ft
- $2,528
Utilities
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 2702 Valley Springs RD, whoever represented it.
- SoldDecember 18, 2025Listed at: $6,500,000MLS 6547046
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
Listing timeline with current price, original ask, and market time.
- Current list
- $6,500,000
- Original list
- $6,500,000
- Price movement
- No verified reduction
- Listed / DOM
- Oct 18, 2025
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $2,163,489
- Assessment Year
- 2025
- Year Built
- 1964
- Parcel ID
- 000000110600
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-11.1% | — | $2,163,489 | — | — |
2024-4.2% | — | $2,434,506 | $1,518,750 | $510,893 |
2023+32.5% | — | $2,541,287 | $1,518,750 | $915,756 |
2022+7.6% | — | $1,917,479 | $1,518,750 | $1,022,537 |
2021 | — | $1,782,734 | $1,518,750 | $398,729 |
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Zoned Schools
Austin
O Henry
Barton Hills
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% ($1.3M)
Adjustable assumption - not a lending recommendation.
$6,500,000
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$6,500,000
Price per sqft
$2,528/sqft
Vs. Neighborhood guide reference price
+239.9%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$6.5M original
Active inventory context
118 listings
Price Position in Westlake Hills
Listed 240% 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.
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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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Austin ISD Schools
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