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5 bed, 5 bath, 4,609 sqft on 0.38 acres in Serene Hills. Austin, TX 78738. Last listed at $1,750,000, sold February 3, 2025. Lake Travis ISD.
About This Home
Welcome to luxury living in the coveted Serene Hills neighborhood of Lakeway, TX. This meticulously upgraded 5-bedroom, 5-bathroom home offers over $300,000 in enhancements, blending modern design with timeless elegance. The expansive floor plan includes a dedicated office and an additional flex space, perfect for formal dining, a second living area, or a second office. The main level features a serene primary suite with a spa-like en-suite bathroom and an oversized walk-in closet that connects to a beautifully designed laundry room with a second fridge for added convenience. A chef’s dream, the kitchen boasts a massive island, oversized Thermador fridge/freezer, dual dishwashers, and a double oven, making entertaining effortless. The living room, with soaring ceilings and a gas log fireplace, creates a warm and inviting atmosphere. Upstairs, enjoy a spacious game/media room, three additional bedrooms, and three full baths, ensuring space for everyone. The fully turfed backyard is an entertainer’s dream, featuring a custom outdoor kitchen, dining area, lounge space, and a private putting green, all backed by green space for ultimate privacy. With no rear neighbors, this home offers the perfect blend of tranquility and functionality. Additional highlights include three garages and ample driveway parking. Conveniently located near top-rated schools, Lake Travis, shopping, and dining, this home provides a rare opportunity to experience luxury living in Lakeway. Don’t miss your chance to make this extraordinary property your own!
Serene Hills is a 339-home community in Bee Cave where roughly 75 percent of the land was left as preserved green space. That means the neighborhood has more acres of open terrain than residential lots. That ratio is not typical for the price point. Most Bee Cave and Lakeway communities maximize lot yield. Serene Hills went the other direction, and the result is houses that sit in the landscape rather than covering it.
The community is in Bee Cave within the 78738 zip code, along Bee Cave Parkway between Highway 71 and Hamilton Pool Road. Downtown Austin is roughly 25 minutes east via Highway 71 to MoPac. The Bee Cave commercial corridor with H-E-B and Hill Country Galleria is about five minutes away. Lakeway is approximately ten minutes west. Falconhead borders to the south and Sweetwater to the north and east.
Housing was built primarily between 2014 and 2020. Contemporary Hill Country architecture dominates at roughly 40 percent, with native stone, stucco, metal roof accents, and oversized windows that take advantage of the green space views. Modern Farmhouse designs account for about 25 percent. Mediterranean influences appear in about 15 percent. Lot sizes range from a quarter acre to over half an acre on perimeter lots backing to preserved land. Pricing runs from the high $700s to over $2 million. The active market for a four-bedroom falls between $1 million and $1.6 million.
Lake Travis ISD serves Serene Hills. Students attend Bee Cave Elementary, Lake Travis Middle, and Lake Travis High. The district is well-regarded for academics, athletics, and extracurriculars. The tax base from Bee Cave and Lakeway commercial development supports teacher compensation and facilities. The elementary campus is close enough that the morning drop-off is brief, a practical detail that matters more to daily life than rankings.
With 339 homes, residents know neighbors by name. That is not a figure of speech. Community events, the pool, and trails create enough recurring contact for relationships to form naturally. Internal trails connect to Bee Cave Park Loop for longer outings. For dining, Tadashi serves Japanese cuisine with quality ingredients. Cafe Blue offers polished seafood. SP Brazilian handles special occasions. CARVE American Grille brings straightforward steaks and cocktails. The Grove Wine Bar works for quieter weeknights. Restaurant density in Bee Cave has reached the point where residents eat out several nights without repeating.
Compared to Rough Hollow, which is four times the size with a marina, Serene Hills offers a quieter experience with more breathing room and tighter social fabric. Compared to Sweetwater nearby, Serene Hills is smaller with more preserved natural terrain. Sweetwater offers more resort-style pools and a wider price range. Compared to Falconhead with its golf course, Serene Hills replaces golf with green space. No golf course, no marina, no lazy river. What it has is land that was left alone.
Serene Hills is for buyers who have looked at the large master-planned communities and decided they want something quieter. If 339 homes is the right scale, if you would rather look at open Hill Country than a roofline, and if Lake Travis ISD and a 25-minute commute check the practical boxes, this delivers. It works for families with young children who want kids growing up together, and couples wanting Bee Cave without the density. The green space is the product. Everything else is built around preserving it.
School District: Lake Travis ISD
View Serene Hills neighborhood guide- Property Type
- Residential
- Year Built
- 2021
- Lot Size
- 0.38 acres
- Price / Sq Ft
- $380
- HOA
- $255/quarter
- Garage
- 3 spaces
Listing information last updated February 4, 2025.
Listed by Compass RE Texas, LLC
MLS# 5063668 • 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
- Bookcases
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- High Ceilings
- Chandelier
- Quartz Counters
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- High Speed Internet
- Kitchen Island
- Multiple Dining Areas
- Multiple Living Areas
- Natural Woodwork
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Smart Home
- Soaking Tub
- Walk-In Closet(s)
- Wired for Sound
- Built-In Freezer
- Built-In Gas Range
- Built-In Oven(s)
- Built-In Refrigerator
- Dishwasher
- Disposal
- Exhaust Fan
- Microwave
- Self Cleaning Oven
- Washer
- Dryer
- Carpet
- Tile
- Wood
- Heating
- Central,Natural Gas,Zoned
- Cooling
- Central Air
- Fireplaces
- 2
Exterior & Lot
- Exterior Steps
- Gas Grill
- Lighting
- Outdoor Grill
- Private Yard
- Masonry – Partial
- Stucco
- Greenbelt
- Back Yard
- Few Trees
- Front Yard
- Garden
- Gentle Sloping
- Landscaped
- Private
- Sprinkler - Automatic
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Back Yard
- Fenced
- Privacy
- Stone
- Wrought Iron
- Slab
- Covered
- Porch
- Rear Porch
- Roof
- Metal
- Lot Size
- 0.38 Acres
- Attached
- Driveway
- Enclosed
- Garage
- Garage Faces Side
- Paved
- Private
- Garage Spaces
- 3
Financial
- HOA Fee
- $255 / quarter
- Original List Price
- $1,750,000
- Price per Sq Ft
- $380
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Water Source
- MUD
- Sewer
- Public Sewer
Transaction History
2 records on file
Every recorded listing, sale, and lease at 309 Sweet Grass LN, whoever represented it.
- SoldFebruary 3, 2025Listed at: $1,750,000MLS 5063668
- WithdrawnListed 2024Current price: $1,800,000Original list: $1,800,000MLS 1492170
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
- $1,750,000
- Original list
- $1,750,000
- Price movement
- No verified reduction
- Listed / DOM
- Dec 9, 2024
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,441,577
- Assessment Year
- 2025
- Year Built
- 2021
- Parcel ID
- 000000845727
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-14.2% | — | $1,441,577 | — | — |
2024-3.4% | — | $1,680,897 | $200,000 | $1,192,546 |
2023+2076.0% | — | $1,740,800 | $200,000 | $1,480,897 |
2021 | — | $80,000 | $80,000 | — |
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Zoned Schools & District Context
Lake Travis
Bee Cave Middle School
Serene 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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-06-05T05:30:08.72794+00:00; normalized from quarterly dues.
20% ($350K)
Adjustable assumption - not a lending recommendation.
$1,750,000
Luxury property intelligence
Keenan Market Position
A sourced read on Serene Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,750,000
Price per sqft
$380/sqft
Vs. Neighborhood guide reference price
+38.0%
$1.3M · Serene Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$1.8M original
Active inventory context
4 listings
Price Position in Serene Hills
Listed 38% above the Serene Hills neighborhood guide reference price. Serene Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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Serene Hills Neighborhood Guide
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78738 ZIP Guide
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