3920 Greystone Dr, Austin, TX 78731

This gorgeous newly renovated property is located on an expansive, tree-lined street in the highly sought-after Northwest Hills neighborhood. The house has undergone a complete transformation, being taken down to the studs and rebuilt with meticulous attention to detail. The residence offers a seamless blend of timeless appeal and modern luxury. The open-concept layout creates an ideal space for entertaining. The interior exudes an air of modern elegance, enhanced by an abundance of natural lighting throughout. The primary ensuite bedroom is generously sized and adorned with exquisite marble finishes, adding a touch of luxury to the space. Additionally, there are spacious secondary bedrooms, allowing for comfortable living arrangements. The property also includes an office/den, providing a designated space for work or relaxation. Outside, an oversized pool and a tiled patio await, offering a perfect spot to relax and unwind. The pool bath, conveniently located near a guest room, can be closed off for added privacy, making it a versatile space for visitors. Deed restrictions also allows for an accessory dwelling unit not to exceed 600/SQFT attached by a common wall or roof cover giving the homeowner an option for an additional bedroom, office, gym or rental. With easy access to outstanding schools such as Doss Elementary, Murchison Middle, and Anderson High, residents can enjoy the nearby parks and hike/bike trails, perfect for outdoor activities. Ideally situated between downtown and the Domain, offering a range of shopping, dining, and entertainment options. For those who prefer walkability, there are many shops, eateries, and cafes within a short distance. Overall, this meticulously renovated property in Northwest Hills offers a harmonious blend of classic charm and modern luxury, combined with convenient access to excellent schools, parks, and urban amenities.

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.