3916 Knollwood Dr, Austin, TX 78731

Welcome to 3916 Knollwood Drive, a hidden gem tucked into the heart of Northwest Hills. Sitting on nearly half an acre (20,813 sq ft), this 3-bedroom, 2-bath home offers an incredible opportunity to remodel, reimagine, or build new in one of Austin’s most established and desirable neighborhoods. Originally built in 1971 and offering 2,069 sq ft of interior space, the home is surrounded by mature trees and set back with wide frontage, creating a sense of calm and privacy from the street. Out back, the secluded yard is wrapped in greenery, with no rear neighbors in sight, just a peaceful bluff behind you and nature all around. Whether you’re looking to design your dream home or unlock value with a custom build, this lot and location are the kind that rarely come up. Quiet, walkable, and full of potential, don’t miss your chance to plant roots in this timeless Austin neighborhood.

Northwest Hills is a family neighborhood in 78731, built in the 1960s-80s on wooded half-acre lots between MoPac and Loop 360. Median home price $1.19M. Austin ISD schools — Doss Elementary and Murchison Middle rank among the district's best. 12 minutes to UT campus, 15 to downtown.

The housing stock is predominantly single-story ranch and split-level homes on lots averaging 0.3-0.5 acres with mature live oak and cedar canopy. Most original homes are 1,800-3,000 sq ft. A renovation wave has been updating kitchens and adding square footage without tearing down — the lot sizes accommodate additions well. Active listings typically number 15-25 at any given time.

Daily life revolves around the schools and the outdoors. Bull Creek for weekend wading, Mount Bonnell for sunset hikes (8 minutes from the neighborhood), Northwest District Park for soccer and the playground. Far West corridor handles weeknight dining — Saffron, 5280 Burger, Yamas. The Arboretum and Domain are 10 minutes north for shopping. HEB on Far West is the neighborhood grocery hub.

What makes Northwest Hills the family value play in Central Austin: Doss/Murchison school quality at roughly half the Eanes ISD price point, lot sizes that rival Westlake, and a 15-minute commute that beats the suburbs. The tradeoff is Austin ISD (good but not Eanes) and 1960s-80s housing stock that often needs updating.