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5 bed, 4 bath, 9,213 sqft on 1.01 acres in Lake Austin. Austin, TX 78746. Last listed at $2,800,000, sold June 25, 2012. Eanes ISD.
About This Home
Spectacular Estate ready for remodeling. This home definitely needs a lot of work but its bones are great and the grounds are simply fantastic.Several homes valued above $8,000,000 in the neighborhood.Guest Accommodations: Yes Restrictions: Yes Sprinkler Sys:Yes
Lake Austin is Austin's most exclusive waterfront corridor - 22 miles of constant-level shoreline in 78732, 15 minutes from downtown. Waterfront homes start around $4M and trophy lots with 200+ feet of flat shoreline trade at $15M-$35M+. The lake is controlled by Tom Miller Dam, which maintains consistent water levels year-round - the key advantage over seasonal Lake Travis.
This is one of Austin's thinnest markets. Roughly 22 miles of total shoreline, and at any given time only 3-5 homes are actively listed. Many of the best lots trade privately through agent relationships before they ever reach the MLS. The finite supply creates a structural price floor that insulates Lake Austin from broader market cycles.
Buyers here want water access as daily life, not a weekend plan. Morning paddleboard, afternoon ski run, burgers at Ski Shores by boat, sunset from your own dock watching Hill Country ridgelines. The practical side matters too: you are inside Austin city limits with full services, 15 minutes from downtown, 10 from the Domain.
Four Seasons Private Residences is under development on 145 acres with 188 planned homes - the first significant new inventory since the lake was established. Eanes ISD and Leander ISD serve different sections of the corridor, both with strong school ratings.
- Property Type
- Residential
- Year Built
- 1974
- Lot Size
- 1.01 acres
- Price / Sq Ft
- $304
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated October 20, 2021.
Listed by HomeCity, Inc.
MLS# 3240444 • 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
- Cedar Closet(s)
- Beamed Ceilings
- High Ceilings
- Elevator
- Entrance Foyer
- Interior Steps
- Multiple Dining Areas
- Multiple Living Areas
- Pantry
- Walk-In Closet(s)
- Wet Bar
- Dishwasher
- Disposal
- Oven
- Water Softener Owned
- Adobe
- Brick
- Marble
- Stone
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 3
Exterior & Lot
- Boat Lift
- Dock
- Exterior Steps
- Private Yard
- Brick Veneer
- Frame
- Sloped Down
- Sprinkler - Automatic
- Trees-Large (Over 40 Ft)
- Trees-Medium (20 Ft - 40 Ft)
- Wrought Iron
- Slab
- Barbecue
- Covered
- Front Porch
- Patio
- Porch
- Roof
- Slate
- Lot Size
- 1.01 Acres
- Detached
- Door-Single
- Garage Faces Side
- Garage Spaces
- 2
- Pool
- Yes
- Lake Front
- View
- Lake,River
Financial
- Original List Price
- $2,800,000
- Price per Sq Ft
- $304
Utilities
- Electricity Available
- Natural Gas Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
2 records on file
Every recorded listing, sale, and lease at 3701 Westlake DR, whoever represented it.
- SoldJune 25, 2012Listed at: $2,800,000MLS 3240444
- WithdrawnListed 2012Current price: $3,500,000Original list: $3,698,000MLS 4795206
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
- $2,800,000
- Original list
- $2,800,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 24, 2012
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% ($560K)
Adjustable assumption - not a lending recommendation.
Home price
$2,800,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Lake Austin pricing, timing, and property scale. No automated valuation claim.
List price
$2,800,000
Price per sqft
$304/sqft
Vs. Neighborhood guide reference price
-44.6%
$5.1M · Lake Austin neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$2.8M original
Active inventory context
31 listings
Price Position in Lake Austin
Listed 45% below the Lake Austin neighborhood guide reference price. Lake Austin neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.
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Lake Austin Neighborhood Guide
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78746 ZIP Guide
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Eanes ISD Schools
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