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3 bed, 2 bath, 1,755 sqft on 0.31 acres in Westlake Hills. Austin, TX 78746. Last listed at $999,950, sold September 22, 2023. Eanes ISD.
About This Home
This attractive home sits on a third of an acre lot backing to a tree lined wet weather creek. House was remodeled in 2013 with tumbled tile floors, granite, marble, replaced doors and windows, new Primary Bath, updated appliances, etc. Full list and timeline in attachments. Comfortable 3 Bedroom 2 Bath PLUS Study with Primary on 1 side separated by Kitchen and Living areas. Primary Bedroom has separated seating area perfect for a reading nook or an exercise room. The inviting Sunroom( not included in Sq. footage) is the perfect spot to curl up and read a book. Swim/ Spa 14' x 7' added to the private backyard with new expanded decking in 2017. Walkable to the Elementary, Middle School and High School.
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
- 1979
- Lot Size
- 0.31 acres
- Price / Sq Ft
- $570
- Garage
- 2 spaces
Listing information last updated September 24, 2023.
Listed by KW-Austin Portfolio RealEstate
MLS# 3839198 • 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
- Vaulted Ceiling(s)
- Multiple Dining Areas
- No Interior Steps
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Gas Range
- Carpet
- Tile
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Brick Veneer
- Sprinkler - Automatic
- Wood
- Slab
- Porch
- Roof
- Composition
- Lot Size
- 0.31 Acres
- Attached
- Garage Spaces
- 2
Financial
- Original List Price
- $1,100,000
- Price per Sq Ft
- $570
Utilities
- Electricity Connected
- Natural Gas Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 3517 Peregrine Falcon DR, whoever represented it.
- SoldSeptember 22, 2023Listed at: $1,100,000MLS 3839198
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
- $999,950
- Original list
- $1,100,000
- Price movement
- $100.1K reduction
- Listed / DOM
- Jun 1, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,025,000
- Assessment Year
- 2025
- Year Built
- 1979
- Parcel ID
- 000000105977
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.0% | — | $1,025,000 | — | — |
2024-0.1% | — | $1,330,542 | $900,000 | $40,000 |
2023+56.9% | — | $1,331,572 | $1,100,000 | $230,542 |
2022+28.3% | — | $848,752 | $1,100,000 | $231,572 |
2021 | — | $661,428 | $660,000 | $188,752 |
Virtual Tour
Zoned Schools
Westlake
Hill Country
Cedar Creek
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% ($200K)
Adjustable assumption - not a lending recommendation.
$999,950
Luxury property intelligence
Keenan Market Position
A sourced read on Westlake Hills pricing, timing, and property scale. No automated valuation claim.
List price
$999,950
Price per sqft
$570/sqft
Vs. Neighborhood guide reference price
-48.3%
$1.9M · Westlake Hills neighborhood guide · reference price
Days on market
Not available
Original to current
$100.1K reduction
$1.1M original
Active inventory context
117 listings
Price Position in Westlake Hills
Listed 48% below the Westlake Hills neighborhood guide reference price. Westlake Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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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
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Eanes ISD Schools
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Austin Home Valuation
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Seller Resources
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Keenan Group Results
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