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4 bed, 3 bath, 3,300 sqft on 0.35 acres in Westlake Hills. Austin, TX 78746. Last listed at $1,950,000, sold August 4, 2022. Eanes ISD.
About This Home
Located on one of the most coveted Lake Austin waterfront streets in Eanes ISD, this hillside retreat includes an exceptional opportunity to live near the beautiful shores of Lake Austin. The home features 4 bedrooms, 3.5 bathrooms, 2 living areas, 1 dining room and an impressive professional music recording studio. Gorgeous oak hardwood flooring throughout. 20' vaulted ceilings in the main living area with large floor to ceiling windows. Multiple decks with lounge areas and tree top views. Approximately 3300 SF per owner - to be verified by buyer. Small flat side yard is where the septic is located. 2 car garage. Boat slip at Sprite Haven Boat Docks is available for purchase with the property for an additional $600,000. It is slip #9 at the Sprite Haven Boat Docks located just past the house at the end of Rivercrest. Slip#9 is the 3rd slip in from the main body water side in the first row. Schools - Bridge Point Elementary, Hill Country MS and Westlake HS.
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
- 1985
- Lot Size
- 0.35 acres
- Price / Sq Ft
- $591
- Garage
- 2 spaces
Listing information last updated August 5, 2022.
Listed by Gottesman Residential R.E.
MLS# 7714585 • 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
- Built-in Features
- Ceiling Fan(s)
- High Ceilings
- Vaulted Ceiling(s)
- Interior Steps
- Primary Bedroom on Main
- Track Lighting
- Walk-In Closet(s)
- Dishwasher
- Electric Range
- Oven
- Free-Standing Electric Oven
- Refrigerator
- Stainless Steel Appliance(s)
- Electric Water Heater
- Tile
- Wood
- Heating
- Central,Electric
- Cooling
- Central Air,Electric
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Exterior Steps
- Frame
- Masonry – Partial
- Wood Siding
- Gentle Sloping
- Slab
- Deck
- Front Porch
- Patio
- Terrace
- Roof
- Metal
- Lot Size
- 0.35 Acres
- Attached
- Door-Single
- Garage
- Garage Faces Front
- Garage Spaces
- 2
Financial
- Original List Price
- $2,795,000
- Price per Sq Ft
- $591
Utilities
- Electricity Connected
- High Speed Internet
- Water Connected
- Water Source
- Private
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 3511 Rivercrest DR, whoever represented it.
- SoldAugust 4, 2022Listed at: $2,795,000MLS 7714585
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
- $1,950,000
- Original list
- $2,795,000
- Price movement
- $845K reduction
- Listed / DOM
- Jun 10, 2022
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,720,602
- Assessment Year
- 2025
- Year Built
- 1985
- Parcel ID
- 000000126871
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-27.2% | — | $1,720,602 | — | — |
2024+104.1% | — | $2,363,472 | $1,020,000 | $812,920 |
2023-1.4% | — | $1,158,242 | $1,020,000 | $1,343,472 |
2022 | — | $1,175,000 | $800,000 | $358,242 |
Zoned Schools
Westlake
Hill Country
Bridge Point
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.
Illustrative down payment
20% ($390K)
Adjustable assumption - not a lending recommendation.
Home price
$1,950,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$1,950,000
Price per sqft
$591/sqft
Vs. Neighborhood guide reference price
+4.0%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$845K reduction
$2.8M original
Active inventory context
113 listings
Price Position in Westlake Hills
Listed 4% 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 3, 2026.
Request Private Market AnalysisConnect 3511 Rivercrest Dr to the Austin Market
Westlake Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Westlake Hills
Westlake Hills Homes for Sale
Active listings and buyer search context in Westlake Hills
78746 ZIP Guide
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Eanes ISD Schools
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Austin Home Valuation
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